Are Location-Based Services All Hype?

Although LBS apps have the potential to connect marketers to key customers, there are still a number of issues beyond the demographics of the current audience and its size. For one thing, the market is heavily fragmented. Not only are there half a dozen or so "major" players in the check-in business, there are also other location-based apps that focus on different types of experiences. For example, the object-based social network Stickybits allows anyone to tag real-world items with barcoded stickers, while other niche apps like SCVNGR turn checking in into a puzzle-solving game. Although not mentioned in the report, we could add Miso to this list of niche apps as well, as it lets you "check in" to TV and movies you're watching.