Thursday, April 03, 2008

ABI Research Says Worldwide Mobile Location Based Services Revenue to Reach $13.3 Billion by 2013

After years of hype, mobile Location Based Services (LBS) are finally gaining traction among wireless subscribers. This growth is driven on the supply side by WCDMA and GSM handsets increasingly joining the many CDMA-based devices that incorporate GPS capabilities; and on the demand side by surging consumer interest in personal navigation functionality. According to a new report from ABI Research, LBS revenue is forecast to reach an annual global total of $13.3 billion by 2013, up from an estimated $515 million during 2007.

Source:
Mobile Location Based Services Revenue to Reach $13.3 Billion Worldwide by 2013

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