Description

Smart Spaces refer to the use of location-based applications in an indoor or outdoor environment, to provide an interactive and informative experience for the user with the surroundings. Presently, the location-based applications market includes mobile applications for mapping, navigation, transport updates, traffic reporting, parking availability and location-based advertising. This research study discusses key factors that are expected to have an impact on the future of the location-based applications market, such as indoor connectivity, augmented reality, big data and wearable devices. It analyses the opportunities and challenges presented by these trends and how it affects key participants in the market.