A new research report by Berg Insight predicts that revenue from mobile location-based services in Europe will grow from €735 million last year to €2.3 billion (£1.9 billion) in 2018, which is a compound annual growth rate of 25.8%.
Meanwhile, the North American mobile location-based service market is expected to grow at 16.1% per year from $1.8 billion in 2013 to reach $3.8 billion (£2.3 billion) in 2018.