Analysts at TechNavio forecasted that location-based services (LBS) market in China will grow at a CAGR of 57.9 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing use of LBS in mobile devises. The LBS market in China has also been witnessing an increasing number of mergers and acquisitions. However, the lack of reliability and accuracy of information could pose a challenge to the growth of this market.
- Global Location-based Service Market 2011-2015 (sys-con.com)