by  Julie Bailey

Location-aware application development is facing a significant transformation. Discover how to navigate its market trends and challenges here.

A 2022 report revealed the global positioning system (GPS) market revenue recorded $94.25 billion. This figure is projected to increase with a 16.1 percent compound annual growth rate (CAGR) until 2030.

Location-based services lead the market share of this revenue.

Location-based services involve location–aware applications. As the segment continues to dominate the GPS market, it's good news for developers and new entrants seeking to deploy location-aware apps.

However, location-aware app development is facing significant changes. Navigating the trends and challenges can be challenging, particularly for new entrants.

This guide will help you understand how location-aware applications work.

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