GPS-enabled LBS Subscribers to Grow at Astonishing Rate
According to our research report “World GPS Market Forecast to 2013”, the location-based services market is currently at a turning point, indicating towards the mainstream adoption in the coming two to five years. People are becoming increasingly familiar with small, satellite-based GPS navigation devices in vehicles. Besides, demand for these services is increasing outside vehicles, especially on mobile handsets. The number of GPS-enabled LBS subscribers is anticipated to grow at a CAGR of over 56% during 2010-2013.
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