Long Term (2028-2032): Integration of technological advancement in telecom industry to open opportunities for IP geolocation service.įrom 2017 to 2021, the global market for IP geolocation service registered a CAGR of 9.4%.and Germany are projected to witness comparatively high IP geolocation service demand due to increasing smart homes and numerous IoT services. Short Term (2022 Q2 to 2025): Increasing smartphone users will positively impact IP geolocation service growth.Due to the increasing number of Internet subscribers, the IP geolocation services market is expected to grow at a CAGR of 10.7% during the forecast period 2022-2032. C Programming, Java, Python, and other language commands are supported by IP geolocation APIs. IP addresses are mapped to latitude/longitude, country, city, postal code, ISP information, domain name, and other useful information as part of geolocation. The calibration of an IP address with the actual geographic location of a device connected to the internet is known as IP-based geolocation. Many online players involved in offering e-commerce services, OTT services, broadcasting services, travel agencies, and more use IP geolocation services. With the rising demand for automation and digitalization, the global IP geolocation market is expected to experience escalating growth in the years to come. Historical Sales Analysis of IP Geolocation Service (2017-2021) Vs. North America Market Value (US$ Mn), 2022 The global IP geolocation service is expected to reach a valuation of US$ 2,255.5 million in 2022 and is expected to grow at a CAGR of 10.7% to reach US$ 6,240.4 million by the end of 2032.Īdoption of target based advertisement accounted for nearly 60% share of the global geolocation service by the end of 2022. IP Geolocation Service Industry Outlook (2022-2032)
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