Following one of the most comprehensive studies of its type undertaken to date, ConsultingWhere the international consulting and market analysis organisation, today announced they estimate the size of the UK Location Market to be in excess of £1bn for the first time. Their estimate for location related software, professional services, data and hardware in 2012 is £1.23bn.

Despite on-going challenging economic conditions the UK B2C and B2B markets for location related solutions has experienced growth of between 2 and 3% in “like for like” sales since the last full survey in 2009.

Although the team also predict the market to continue to grow at a modest 1 to 2% in real terms over the next 3 years, they have identified that key industry sectors will experience growth of between 8% and 13% in the same period.

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