Albany, NY -- (SBWIRE) -- 12/31/2014 -- TechNavio's analysts forecast the LBS market in APAC region to grow at a CAGR of 32.98 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing adoption of location-enabled devices in China and Southeast Asian countries. The LBS market in the APAC region has also been witnessing the increasing demand for free LBS applications. However, the lack of knowledge about LBS among users could pose a challenge to the growth of this market.

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TechNavio's report, the LBS Market in the APAC Region 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region; it also covers the LBS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this space are Adnear, AutoNavi Holdings Ltd., Google Inc., Jiepang API, Mapmyindia, NavInfo Co. Ltd., HERE (Nokia Corp.), TeleNav Inc., and TomTom N.V.

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Other vendors mentioned in the report are Bafang, Baidu Inc., Brarti Airtel Inc., Clingle (Srividya Tech Inc.), Dialme 24, Dialuz.com, Digu.com, Facebook Inc., GETIT Infoservices Pvt. Ltd., Guantu, Kaikai.com, LocationGuru, Maopao Community, Mobango Ltd., Mojostreet Infomedia Services Pvt. Ltd., MyCityWay, NavInfo Co. Ltd., NetEase Inc., PDAger Technology, Poynt Corp., Qieke.com, Sifang, Sina Corp., Tata DOCOMO, Tencent Holdings Ltd., Tiros Technology, and Weibo.com.

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Key questions answered in this report:

* What will the market size be in 2018 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?
* Who are the key vendors in this market space?
* What are the market opportunities and threats faced by the key vendors?
* What are the strengths and weaknesses of the key vendors?

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