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2 items tagged "Market and Sizing"

Related tags: lbs [+], research

All Points Blog

deCarta - Sitting Nicely with New Venture Funding

Posted: October 23rd, 2008, 1:00pm CEST

Tags: lbs Market Sizing

I spoke briefly with Kim Fennell, CEO and Marc Prioleau, VP Marketing of deCarta about their market growth during the devCON '08 event. They feel good that they took the $20 Million is new venture funding as the venture community may be looking a bit more closely at business plans that project revenues too far into the future given today's economic climate. The market for map servers is certainly shifting as Prioleau sees less of an emphasis in supporting web apps than other opportunities in the mobile space. He notes that Apple's App Store now counts 300 applications that are "location-enabled."
More Market Sizing on LBS

Posted: February 12th, 2008, 10:00pm CET

Tags: lbs Market Sizing

More predictions on the market size of location-based services is coming from Gartner this time:

"Worldwide subscribers to location-based communications services on mobile devices will increase by nearly 168 per cent in 2008 while revenue will grow by 169 per cent, according to Gartner, Inc. Location-based service technologies have been around for several years but they have not experienced the rate of success that was anticipated at the beginning, said Annette Zimmermann, a research analyst at Gartner. The market for location-based services is at a turning point, with indications of mainstream adoption in the next two to five years.

Now, I don't know where Gartner has been looking for the last year but the turning point was back in late 2006 when PND's took off leading to more subscribers for phone-based apps in 2007.

Gartner said the number of subscribers worldwide will rise from 16 million in 2007 to 43.2 million in 2008 and revenue will rise from $485.1 million in 2007 to $1,307.3 million in 2008. The number of subscribers is expected to reach nearly 300 million in 2011 and revenue is forecast to top $8 billion in 2011.