China: Analysts at TechNavio forecasted that location-based services (LBS) market in China will grow at a CAGR of 57.9 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing use of LBS in mobile devises. The LBS market in China has also been witnessing an increasing number of mergers and acquisitions. However, the lack of reliability and accuracy of information could pose a challenge to the growth of this market.
TechNavio”s report, the Location-based Services Market in China 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the market landscape in China and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Digu.com, Jiepang Api, Kaikai.com, and Qieke.com.
Other vendors mentioned in the report are VLD, Sifang, Bafang, Autonavi, Naviinfo, Telenav, PDAger Technology, Guantu, and Tiros Technology.