Beagle co., Ltd. has announced the strategy partnership with Point I corp, supplying and developing the Location Based Services (LBS).
The name of new joint venture is Mercury & Mars co., Ltd. from the partnership and they will promote the various business opportunities on emerging LBS market place.
LBS subscribers are forecast to grow from 41.0 million in 2008 to 95.7 million in 2009 while revenue is anticipated to increase from $998.3 million in 2008 to $2.2 billion in 2009, according to Garner, Inc. ABI research also said Mobile Location Based Services Revenue to reach $13.3 Billion Worldwide by 2013.
E Marketer estimated there will be over 486 million location-based services users worldwide in 2012.
Mercury & Mars will penetrate into Location-Based services field by cooperative solutions between embedded type of worldwide navigation technology from Beagle and Network based LBS solution from Point I.
