Location Based Services Spending in 2008 Tops $1.6 Billion, Says Insight Research Corp.
BOONTON, N.J., Nov. 11 (SEND2PRESS NEWSWIRE) — The worldwide market for location-based telecommunication services is expected to exceed $1.6 billion in 2008 as an ever increasing number of cellular and other wireless carriers provide customized services based upon a location-awareness of their end-users. According to a new market research study from The INSIGHT Research Corporation, location-based telecommunication services are most popular in European and Mid-East countries, where they provide wireless subscribers with tailored information based upon their current physical location.