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Geomarketing is a form of marketing that uses geographic data to inform decisions about product placement, pricing, and other marketing strategies. It is closely related to Location Based Services (LBS), which use location data to provide services such as navigation, local search, and location-based advertising. Geomarketing combines the use of geographic data with traditional marketing techniques to create targeted campaigns that are tailored to specific locations.
Geomarketing is used by businesses to better understand their customers and target their marketing efforts. By analyzing geographic data, businesses can identify areas where their products or services are in demand, as well as areas where they may need to adjust their strategies. Geomarketing can also be used to identify potential new markets and to develop strategies for expanding into those markets.
Some companies in the Geomarketing market include Google, Apple, Microsoft, Foursquare, and Yelp. These companies provide a variety of services, such as mapping, local search, and location-based advertising. They also offer tools for businesses to analyze geographic data and develop targeted marketing campaigns. Show Less Read more