Disney launched a service last year with a similar feature. The company has estimated that roughly 30 percent of its subscribers use phone-tracking.
Protective parents were not the only group expressing an interest location-based services.
The study found that 26 percent of mobile phone owners between the ages of 18 and 24 would be willing to pay extra for a social-networking service that would track friends' locations.
Location-based mobile services have been slow to gather steam. The report noted that currently just 3 percent of users make any use of location-based services such as GPS and navigation offerings.
Analysts, however, are optimistic about the long-term outlook for location-based services.
Research firm In Stat predicted in a July report that the Chinese market for the services would soon take off.
The firmed also forecasts that the US market for location-based offerings will balloon to 1.1m users over the next three years.
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