What Does Location-Based Services (LBS) Mean?

Location based services (LBS) are network services that use IP addresses and real-time geodata to provide end users with information that is relevant to the user’s physical location.

Techopedia Explains Location-Based Services (LBS)

Advancements in GPS-enabled applications for transportation, farming and logistics has created a high demand for location-based services and companies are continually finding new ways to use device location information. Many software development platforms, particularly those used for creating mobile applications, now offer dedicated application performance interfaces (APIs) to support LBS.