In-Stat Reports Sluggish Asia Wireless Location Services Market on Verge of Taking Off
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Dec. 19, 2005–Location-based services (LBS) may finally realize its potential in the Asia/Pacific region in the upcoming five years, reports In-Stat (http://www.in-stat.com). LBS has been labelled “the next big thing,” and has been the subject of aggressive revenue projections by industry insiders, however, it has yet to materialize in a big way, the high-tech market research firm says.
“Slower-than-expected implementation of more accurate location determination technologies (LDTs), consumer privacy concerns, and operators focused on the deployment of other proven mobile data services have hampered LBS in the region,” said Bryan Wang, In-Stat analyst. “One factor that is not lacking, however, is consumer interest in LBS.”
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