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MarketsandMarkets forecasts the global location based entertainment market size to grow from USD 3.5 billion in 2023 to USD 11.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 27.3% during the forecast period. The growing demand for entertainment and interactive immersive experiences by consumers are leading to the growth of the location based entertainment market.

Top Location Based Entertainment Companies include

• Google (US)
• Meta (US)
• Samsung (South Korea)
• Panasonic (Japan)
• Hologate (Germany) and many more....

These players have adopted various strategies to grow in the global location based entertainment market.

To know about the assumptions considered for the study download the pdf brochure

Google (US) is one of the leading vendors that provide location based entertainment software, hardware and services. Google is a subsidiary of Alphabet Inc. It specializes in Internet-related services and products, which include online advertising technologies, cloud computing, software, and hardware. Its core products and platform include Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube – each product has over one billion active global users every month. Also, in addition to Google Maps, Google also offers Google Earth, a virtual globe that allows users to explore the world in 3D, and Google Street View, a feature that provides street-level views of locations around the world. These products have been used by location-based entertainment companies to create immersive experiences that incorporate real-world locations into games and other interactive experiences.

Meta (formerly known as Facebook, Inc.) is a global technology company that has recently been expanding its focus to include location-based entertainment (LBE). This involves the development of interactive experiences that combine the physical and digital worlds, such as virtual reality (VR) and augmented reality (AR) games and attractions. Meta operates several popular social media platforms including Facebook, Instagram, WhatsApp, and Messenger. In addition, Meta's Oculus brand is a leader in the VR industry and has been a major driver of the company's efforts in location based entertainment market. Oculus has developed several VR games and experiences that can be used in LBE settings, such as theme parks, arcades, and other entertainment venues. These experiences often involve multiple players and can be customized to fit the specific needs of the venue and its audience.

Samsung (South Korea) is a global technology conglomerate known for its diverse range of products and services. Founded in 1938 and headquartered in Seoul, Samsung is a leader in consumer electronics, including smartphones, tablets, televisions, and home appliances. The company is also a major player in the semiconductor industry, producing memory chips and processors. Additionally, Samsung is involved in telecommunications, providing network infrastructure and solutions. Renowned for its innovation and cutting-edge technology, Samsung consistently invests in research and development to maintain its competitive edge in the global market.

Panasonic (Japan) is a multinational electronics corporation founded in 1918 and headquartered in Osaka. Known for its wide array of products, Panasonic specializes in consumer electronics, home appliances, automotive systems, and industrial solutions. The company's product lineup includes televisions, audio equipment, cameras, air conditioners, batteries, and personal care devices. Additionally, Panasonic is a significant player in the automotive and industrial sectors, providing advanced technologies and solutions. With a strong emphasis on innovation, Panasonic continues to invest in research and development to enhance its product offerings and maintain its leadership in various markets.

Hologate (Germany) is a leading developer and provider of immersive virtual reality (VR) entertainment solutions. Founded in 2017 and headquartered in Munich, Hologate specializes in creating advanced VR systems and experiences for entertainment venues, arcades, and theme parks. Their flagship products include the Hologate Arena and Hologate Blitz, which offer multiplayer VR experiences with high-quality graphics and interactive gameplay. Hologate's platforms are designed to be scalable and user-friendly, catering to a wide audience and providing engaging, cutting-edge VR entertainment. The company has a strong presence in the global market, with installations in numerous locations worldwide.

Related Reports:

Location Based Entertainment (LBE) Market by Technology (Virtual Reality (VR), Augmented Reality (AR), Projection Mapping), Offering (Hardware, Software, Services), Venue (Amusement Parks, Theme Parks, Arcades) and Region - Global Forecast to 2028