Market Scenario 

Global point of interest data solutions market was valued at US$ 246.94 million in 2023 and is projected to surpass valuation of US$ 579.26 million by 2032 at a CAGR of 8.9% during the forecast period 2024–2032.

From the last few years, the market for point of interest data solution is driven by the growing demand for location-based services. It is estimated that approximately 6.94 billion people owns a smartphone as of 2023, and so many companies have built their businesses around this idea of convenience such as mobile apps like Uber or SkipTheDishes where you can order anything from groceries to meals delivered right at doorstep within minutes after placing an order through these applications. Therefore, it’s no wonder why there’s been an increase in demand for accurate point-of-interest data among businesses who want improve customer experience through targeted marketing strategies etc.

Another factor contributing towards the expansion of point of interest data solutions market is advancements related to mapping and geospatial technologies. This means that end users have access to things like satellite imagery, which is capable of providing high-resolution maps anywhere on earth, making it easier for people find places they’re looking for. Also, real-time location tracking has become possible thanks to integration of artificial intelligence (AI) with machine learning (ML) algorithms – such as those used by Google Maps – therefore consumers can always know where exactly someone is located at any given moment without having them tell themselves.

Additionally, decision-making processes based on data have become more popular than ever before. This is mainly because organizations across sectors recognize how valuable insights into consumer behavior, market trends, and competitive landscape could be obtained from big data analysis methods applied onto information generated through different channels. For example, over 90% enterprises regard analytics vital component enterprise architecture while 80% managers agree that their companies should invest heavily into IT systems capable delivering advanced BI capabilities supported by strong ETL tools.

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Market Dynamics

Driver: Surging Demand for Hyper-Localized Experiences

The global point of interest data solutions market is changing quickly since businesses need to provide hyper-localized experiences as people demand them more and more. As individuals become more connected and technologically advanced, they expect their services to be personalized and aware of their surroundings. This change in customer behavior means that businesses must tailor what they offer according to location by utilizing points of interest data solutions which will resonate with their intended audience. A recent study found that 78% of consumers are likelier to engage with companies who give individualized recommendations based on where they are (Deloitte). Such figures only reflect the growing significance behind hyper localization when it comes down to keeping clients engaged and committed over time. For instance, organizations can know better about customers’ habits or preferences through such platforms hence this knowledge may help them design targeted advertisements or improve products while also refining service delivery so that it meets each person’s needs.

Likewise, integrating augmented reality (AR) & virtual reality (VR) technologies alongside point-of-interest information has enabled more immersive location-based experiences’ creation in the point of interest data solutions market. By year 2026, roughly 30% of enterprises will use AR as well as VR coupled with POI data for creating captivating localized experiences according to a prediction made by an industry survey. In sectors like retailing, tourism or entertainment where firms strive hard towards differentiating themselves through unique site-specific encounters capable of capturing attention while driving involvement among visitors; there is increasing adoption rate towards these trends.

The demand for hyper-localized experiences has also led to what is known as micro-moments – i.e., short periods when people look things up on their phones right away because it’s convenient at that time. On average 82% of smartphone users do refer to Google maps whenever in unfamiliar territories (Google). Therefore, if organizations adopt points-of-interest data solutions then they could benefit greatly from such instances by providing timely relevant advice which would ultimately lead into higher levels of customer satisfaction thereby fostering conversions as well.

Restraint: Stringent Regulatory Landscape and Compliance Challenges

Although there is a huge potential for growth in the point of interest data solutions market, it is being held back by the strictness of regulations and compliance difficulties. Authorities globally are introducing more stringent laws and guidelines to protect consumer rights and sensitive data as fears about privacy and security of information continue to rise. For instance, the General Data Protection Regulation (GDPR) are enacted by the European Union as well as California’s Consumer Privacy Act (CCPA). Among other things, firms are required to follow strict rules on personal identification numbers collection, storage, usage or sharing especially those related to locations. For GDPR alone, 92% businesses surveyed considered it their number one priority while 68% were spending heavily towards ensuring compliance.

Also, companies operating across global point of interest data solutions market have faced challenges arising from lack international harmony among nations with regard data protection legislations systems that exist in various countries where they do business. Currently, about 45% organizations find themselves struggling through what has been described by Forrester analysts as “a minefield” comprised multi-jurisdiction patchwork laws governing privacy around different regions globally (Source: Forrester). Such wide-ranging requirements not only increase costs associated with complying but also slow down efforts aimed at enhancing scalability through seamless flow across national boundaries thereby limiting global expansion potentiality for POI based offerings. Furthermore, non-compliance fines can be heavy Corporation reputation can suffer greatly too if customers feel betrayed through loss of trust occasioned by failure to adhere any given set of rule(s) meant safeguarding their wellbeing.

Trend: Rise of Real-Time Location Intelligence

Because of rapid advances in real-time location intelligence, the global point of interest data solutions market is going through a profound shift. This can be attributed mainly to wider use of Internet of Things (IoT) devices and better sensors among other factors. As per market projections, it is expected that by 2026 the global real-time location systems market will hit $25.2 billion with a CAGR of 22.5% between 2024 and 2026. This astronomical rise shows that more industries are embracing this technology including retail, healthcare, transport and logistics among others.

In terms of enhancing customer experience and business operations in the retail sector, nothing has come close to what real-time location intelligence has done so far. With this new invention, sellers can now track customer movement within their stores. This helps them analyze foot traffic thus enabling them to lay out their merchandise strategically towards increasing sales volume besides heightening engagement levels with buyers. Over recent times, research reveals that those retailers in the point of interest data solutions market who adopt such analytics experience sales growth rates ranging from 5% up-to 10%. While at the same time, seeing customer satisfaction numbers go up by around 15% or even higher. In similar fashion, healthcare providers are not left behind when it comes down to making use of RTLS for better patient care provision coupled with operational efficiency enhancement within their facilities too. The ability to monitor staff, personal protective equipment (PPE) as well as patients themselves allows hospitals locate where they might need more resources. 

Segmental Analysis 

By Type

Based on type, the database platform is dominating the global point of interest data solutions market. This segment captured the largest market share and generated around US$ 206.37 million revenue in 2023. It is also expected to remain dominant throughout the forecast period by capturing more than 82% market share, thereby signifying its strong presence within this market space. Storage and management of massive volumes of location-based information is what makes up database platforms under point-of-interest data solutions. It offers structured database architecture which enables businesses to store, manage, and efficiently retrieve access points-of-interest data such as those relating to enterprises, landmarks, attractions, among others.

The adoption of Database Platform solutions is being driven by the need for accurate and comprehensive POI (point-of-interest) data coupled with increasing demand towards efficient management and processing thereof. Different businesses operating across a range of industries falling under point of interest data solutions market rely on these tools for storing location-based information in an organized way so that they can make use of them while making decisions about marketing strategies, optimization services, among other things. Approximately 70% of enterprises using such systems prefer scalability. 

Database Platforms segment is projected to grow at a CAGR of 9.4% and is expected to maintain a strong growth trajectory during the forecast period. This expansion should not be surprising given how fast location-based services keep growing year after year. Additionally, more success is achieved through insights gained from big sets of analytics driven by artificial intelligence software tools becoming available every other day. This is further supported by the widespread usage of cloud computing technologies, including in emerging markets where internet penetration levels are still quite low. There is a lot of potential waiting to be tapped into, hopefully sooner than later.

By Application

The global point of interest data solutions market is dominated by the commercial category in terms of applications. In 2023, for example, the commercial segment accounted for over US$ 190.70 million in sales and the segment will continue on its growth path at a projected CAGR of 8.6%. This is attributed to persistent digital transformation within enterprises as well as an increased appreciation of how location-based data can optimize operations and better customer engagement. Its share of the total market was 78% in 2023, thus underlining its pivotal role within this industry.

Retailing, hospitality, transport, and real estate are some of industries highlighted under this segment of the point of interest data solutions market. Point of interest solutions are used by such businesses to improve service delivery, generate a competitive edge, or simply boost their operations. Commercial firms, however, make use of point of interest (POI) data solution products for targeted marketing activities. They study them in order to come up with location-based marketing strategies. They do research upon their competition and get intelligence accordingly. Among other things, pointing out customers’ behavior regarding each POI’s case can be achieved by using the most recent relevant information about location points. This way, the type of company might build more effective strategies that are able to help them grow and decide whether they need expansion or not.

The need for personalized experiences, targeted marketing campaigns, and data-driven decision-making has led to an increase in the adoption level of POI in the point of interest data solutions market towards commercial businesses today. A good example is where point-of-interest advertising makes use of POI data while a 20% increase occurs in customer involvement within hospitality. This is because these places offer personalized services based on POI hints provided directly from guests themselves on a real-time basis through mobile devices like smartphones or tablets, which already support such apps. Another instance would include transportation companies who have recorded an enhancement and were able to see their route optimization improved by 30% using locational big information sources. Property value assessments went up by 25% in the case of real estate agents who employed this kind of technique. The commercial sector is currently experiencing an 8.6% CAGR growth rate with respect to the adoption of point of interest data solutions. Consequently, 60% of the companies utilize POI when performing market analysis for their own needs. Such a state causes the market share to increase by 15 points among entrepreneurs.

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Regional Analysis 

In 2023, North America became the largest consumer of point of interest data solutions market with revenue of more than US$ 99.24 million. This was mainly because of its well-established technological infrastructure, widespread internet connection, and thriving business community, among others. The United States alone has taken up 70% share in consumption for POI data within this region. The retail sector, together with the real estate industry, has recorded a 25% YoY growth rate. Furthermore, customer analytics is done using POI by 60% of businesses in North America. Tourism saw a rise of 15% in its application towards improving experiences for travelers. At the same time, there has been an increase of about 30% in location-based marketing which utilizes points of interest data. However, 80% utilization comes from cities themselves who use it to enhance their urban planning activities. In addition, there is a recorded 45% increase by the food delivery market when considering reliance on POIs, as well as their incorporation into models among newly established businesses across northern parts of America. Also, healthcare providers have adopted them as part of optimizing services delivery, which rose by 20%. More than $50 million were invested into R&D activities concerning this kind of information during the year 2023 alone.

Europe point of interest data solutions market follows closely behind North America where consumption rates are concerned, but with different reasons for such adoption being witnessed across various industries. This is coupled with a strong commitment towards making cities smarter through digital transformation initiatives. For instance, Germany alongside the United Kingdom emerged tops, having a 55% combined share of the total European market size. On another note, logistics companies based within continental Europe seem to know what they want, hence relying on them heavily, especially when route optimization needs are addressed, which constitutes 65%. In light of these developments, there has been an 18% growth recorded under the smart city sector, heavily banking on POI data. Retail players showed increased usage levels involving 22% used during analysis stages. At least 50% of municipalities make use of POI data for public transport planning purposes. Tourism saw an increase of 28% across different parts of this continent alone. It is worth noting that 40% of e-commerce platforms better customer targeting through integration with such services. Additionally, healthcare providers have adopted them as part of optimizing services delivery, which rose by 15%. More than $40 million were invested into R&D activities concerning POIs during the year 2023 alone.

Asia Pacific has also not been left behind in regards to being a major consumer when it comes to Point of interest data solutions market. This is mainly driven by rapid economic growth experienced throughout various countries within this region, coupled with high levels of urbanization rates witnessed over the past few years, together with digitalization endeavors initiated recently. More particularly, China and India have been at the forefront, pushing for the adoption of these particular types of information-sharing tools, accounting for 60% of the market share size respectively. 

On top of that, smart cities around the global point of interest data solutions market recorded a significant 25% increase from previous years, heavily banking on them. Besides, logistic firms registered a 20% increase in POI data usage for supply chain management. Tourism applications of POI data grew by 30%. Additionally, 50% of tech startups in Asia Pacific incorporate POI data into their services. The food delivery sector's reliance on POI data increased by 35%. Healthcare providers in Asia Pacific saw a 40% increase in POI data usage for service optimization. E-commerce growth in the region saw a 25% boost due to POI data integration. Investments in POI data solutions reached $35 million in Asia Pacific in 2023.

Key Players in the Global Point of Interest Data Solutions Market

• Google Cloud
• Foursquare
• ATTOM Data Solutions
• Ceinsys Tech Limited
• SafeGraph Inc
• NAVmart
• TripsByTips
• HERE Technologies
• MapData Services
• Pitney Bowes Inc.
• Precisely
• AggData
• Tamoco
• Mobius Knowledge Services
• GB Group plc.
• ESRI
• CoreLogic
• Other Prominent Players

Market Segmentation Overview:

By Type

• Database Platform
• Modular Customized Report
• Others

By Application

• Commercial
• Industrial
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America