Market Forecast by Countries (United States, Canada), By Component (Software , Services), By Deployment Mode (Cloud, On-premises), By Location (Indoor, Outdoor), By Organization Size (Large Enterprises, SMEs), By Vertical (Retail and eCommerce, Healthcare and Life Sciences, Travel and Hospitality, BFSI, Media and Entertainment, Telecommunications and IT, Others (transportation and logistics, government and public sector, and education)) And Competitive Landscape
Product Code: ETC4621327 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Geomarketing Market |
Forecast period | 2025-2031 |
CAGR | 26.2% |
Growing Sector | Retail and E-commerce |
The North America Geomarketing Market Report thoroughly covers the market by Countries, Component, Deployment Mode, Location, Organization Size and Vertical. The North America Geomarketing Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Geomarketing Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The North America Geomarketing market is experiencing growth due to the increase in the adoption of location-based services. In addition, rising usage of mobile devices and demand for improved customer experience are driving the growth of the market. Leading companies in the market of this region are concentrating on research and development along with strategic partnerships to strengthen their positions. Furthermore, advancements in artificial intelligence and machine learning further propels the growth of the market. Overall, the North America Geomarketing market shows strong potential for robust growth and development.
According to 6Wresearch, the North America Geomarketing Market is anticipated to grow at a CAGR of 26.2% during 2025-2031. One of the main drivers of the North America Geomarketing Market is the increasing use of location-based services that allow businesses to customize their marketing strategies based on general demographic information which results in higher engagement and conversion rates. In addition, the prevalence of smartphones and mobile applications have caused geomarketing efforts to be even more effective in engaging with consumers instantaneously. Furthermore, improvements in artificial intelligence and machine learning are enhancing the functionalities of geomarketing utilities thus able to provide a better forecast with real-time customer engagement. Moreover, increasing demand for improved customer experiences has prompted businesses to utilize geomarketing strategies in order to provide more specific and timely offers, resulting in greater satisfaction and loyalty of the customers.
However, the North America Geomarketing market faces many challenges that hinder its growth. One of the major challenges is the concern over data privacy, as with more and more regulations like GDPR (General Data Protection Regulation), CCPA (California Consumer Privacy Act) enterprises must have consumer related data handled responsibly. In addition, the implementation of advanced geomarketing technologies comes at a high cost and is not always affordable for smaller or medium-sized companies. Furthermore, integrating geomarketing data with the existing CRM (Customer Relationship Management) and marketing system is a tedious job that requires significant costs. Moreover, managing the accuracy of location data and ensuring up-to-date information is a challenge, as incorrect or old details can cause ineffective marketing campaigns in addition to reduced ROI (Return on Investment).
Some of the key players operating in North America Geomarketing market include Google, Apple, Facebook, and Amazon. These companies have a strong presence in the North American market and have heavily invested in location-based data and technology, allowing them to offer highly targeted advertising services to businesses.
North American governments have a significant impact on the growth of the Geomarketing market through several initiatives. One notable initiative is the introduction of the Geospatial Data Act by the U.S. government, which enhances both collection and sharing geospatial data across agencies and industries. In addition, Canada’s GeoConnections program is another important initiative that supports developing tools and services to facilitate access, discovery and use of geospatial data for business or public interest purposes. Furthermore, the National Institute of Statistics and Geography (INEGI) of Mexico has also led efforts in modernizing their geospatial data systems spurring on further advancements within geomarketing. Moreover, the "Smart Cities Initiative" of Canada encourages municipalities to incorporate location-based technologies that can help in addressing key urban problems and enhance residents' quality of life.
The North America Geomarketing market is poised to experience growth in the coming years. This growth is attributed to the expanding adoption of location-based services. Furthermore, increasing adoption of mobile devices and need for enhanced customer experience is accelerating the growth of the market. Key players in the market of this region are focusing on R&D and collaborations for increasing their presence. Moreover, developments in artificial intelligence and machine learning advances the growth of the market. Overall, the future of the North America Geomarketing market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is due to its large population, extensive technological adoption and the presence of most prominent players in the country.
Based on Component, the software segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the strong demand for data analytics and location-based technology solutions to enhance marketing capabilities of companies.
On the basis of Deployment Mode, the cloud deployment mode segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to its cost-efficient nature, easy availability and robustness regarding the handling of huge data.
In terms of Location, the outdoor location segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the increasing adoption of location-based advertising and targeting in outdoor spaces such as billboards, bus shelters, and storefronts.
Based on Organization Size, the large enterprises segment is the leading segment in the industry and will continue to grow in the coming years. This growth is due to their significantly larger marketing budgets, and the capability to leverage advanced location-based technologies in their campaigns.
In terms of Vertical, the retail and e-commerce segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the widespread usage of location-based marketing by retailers to target customers based on their current or past locations.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Geomarketing Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Geomarketing Market Revenues & Volume, 2021 & 2031F |
3.3 North America Geomarketing Market - Industry Life Cycle |
3.4 North America Geomarketing Market - Porter's Five Forces |
3.5 North America Geomarketing Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Geomarketing Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 North America Geomarketing Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F |
3.8 North America Geomarketing Market Revenues & Volume Share, By Location , 2021 & 2031F |
3.9 North America Geomarketing Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.10 North America Geomarketing Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 North America Geomarketing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Geomarketing Market Trends |
6 North America Geomarketing Market, 2021 - 2031 |
6.1 North America Geomarketing Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 North America Geomarketing Market, Revenues & Volume, By Deployment Mode , 2021 - 2031 |
6.3 North America Geomarketing Market, Revenues & Volume, By Location , 2021 - 2031 |
6.4 North America Geomarketing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.5 North America Geomarketing Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7 United States Geomarketing Market, 2021 - 2031 |
7.1 United States Geomarketing Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 United States Geomarketing Market, Revenues & Volume, By Deployment Mode , 2021 - 2031 |
7.3 United States Geomarketing Market, Revenues & Volume, By Location , 2021 - 2031 |
7.4 United States Geomarketing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.5 United States Geomarketing Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 Canada Geomarketing Market, 2021 - 2031 |
8.1 Canada Geomarketing Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Canada Geomarketing Market, Revenues & Volume, By Deployment Mode , 2021 - 2031 |
8.3 Canada Geomarketing Market, Revenues & Volume, By Location , 2021 - 2031 |
8.4 Canada Geomarketing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.5 Canada Geomarketing Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 North America Geomarketing Market Key Performance Indicators |
10 North America Geomarketing Market - Opportunity Assessment |
10.1 North America Geomarketing Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Geomarketing Market Opportunity Assessment, By Component , 2021 & 2031F |
10.3 North America Geomarketing Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F |
10.4 North America Geomarketing Market Opportunity Assessment, By Location , 2021 & 2031F |
10.5 North America Geomarketing Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10.6 North America Geomarketing Market Opportunity Assessment, By Vertical, 2021 & 2031F |
11 North America Geomarketing Market - Competitive Landscape |
11.1 North America Geomarketing Market Revenue Share, By Companies, 2024 |
11.2 North America Geomarketing Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |