Location Based Services
What is Location Based Services (LBS for short)? It is a service based on location via a mobile device such as a smart phone or tablet. The initial LBS application is arguably Foursquare based on social networking, allowing users to “checkin” from a list of venues with possible rewards for doing so.
The concept for LBS has expanded with various platforms such as GetGlue, Zkatter and Ditto. The forecast for LBS is very bright, expecting to bring in $10million in revenue by 2016.And with the advent of new mobile operating systems on the horizon such as Tizen, Sailfish and Firefox, the dynamics of LBS is set to change with the introduction of new advance mobile devices.
A true Global Location Based Services market is in sight and Global LBS aims to make sense of of it.