Revenue from mobile location-based services in Europe is forecast to grow from €325 million last year to €825 million (£707 million) in 2017, representing a compound annual growth rate of 20.5%.
That’s according to a new report from Berg Insight, which also expects the North American location-based service market to grow from $835 million in 2012 to $1,295 million (£829 million) in 2017.