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Published Date: 2017-11-01Number of Pages: 170

Mobile Mapping Market (Solution - Location based Services, Indoor Mapping, 3D Mapping, Support Services; End Use - Commercial, Individual; Industry - BFSI, Travel and Hospitality, Energy and Utility, Oil and Gas, Healthcare, Telecommunications, Government) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Mobile Mapping Market: Snapshot

The global mobile mapping market has exhibited steady growth in the last few years on the back of steady development of numerous end user industries. Rapid development of satellite mapping technology and its smooth integration into mobile phone design has also aided growth of the global mobile mapping market significantly. The global mobile mapping market is expected to exhibit a strong 13.7% CAGR over the 2017-2022 forecast period, according to Transparency Market Research. The mobile mapping market’s strong growth prospects are backed by rising use of advanced smartphones across the world and rising use of mobile mapping capabilities by app developers to enable app users to make the most of the app’s functionality. The global mobile mapping market is thus likely to exhibit a steady growth trajectory over the 2017-2022 forecast period.

According to Transparency Market Research, the global mobile mapping market is likely to reach a valuation of US$12.9 bn by the end of 2017 and further rise to US$24.4 bn by the end of 2022.

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Location based Services to Dominate Global Mobile Mapping Market

The global mobile mapping market is segmented by solution into location based services, indoor mapping, 3D mapping, support services, and other solutions. Of these, location based services are likely to dominate the global mobile mapping market over the 2017-2022 forecast period, exhibiting a strong 16.2% CAGR therein. The market for location based services has grown rapidly over recent years due to rapid development of mobile mapping applications in smartphones and is likely to remain the dominant contributor to the global mobile mapping market over the coming years. The location based services segment accounted for 37.2% of the global mobile mapping market in 2017, with a valuation of US$4.8 bn. By the end of the 2017-2022 forecast period, location based services are likely to account for 41.5% of the global mobile mapping market, with a valuation of US$10.1 bn.

North America to Remain Most Attractive Regional Market for Mobile Mapping

Geographically, North America is likely to remain the dominant market for mobile mapping in the coming years due to a number of factors. Widespread use of advanced smartphones and rapid uptake of mobile mapping technology by app developers in the region has helped drive the mobile mapping market in North America and is likely to remain a crucial driver for the market in the coming years. The North America mobile mapping market accounted for a valuation of US$3.6 bn in 2017 and is expected to rise to a valuation of US$7.9 bn by the end of 2022.

Japan Likely to Account for More in Global Mobile Mapping Market than APEJ

The Japan mobile mapping market is likely to remain a crucial contributor for global mobile mapping market players in the coming years, as the region is expected to account for a solid 16.4% revenue share in the global mobile mapping market by the end of 2022. The Japan mobile mapping market is expected to gain 46 BPS over the 2017-2022 forecast period, in stark contrast to the Asia Pacific except Japan market, which is likely drop 20 BPS over the forecast period to end up with a revenue share of 14.5% in the global mobile mapping market.

Global Mobile Mapping Market: Competitive Dynamics

The report profiles leading companies in the global mobile mapping market to shed light on the dynamics of the market. Key companies in the global mobile mapping market include Google Inc., Apple Inc., Microsoft Corporation, Tomtom NV, Mitsubishi Electric Corporation, Garmin International, Telefonaktiebolaget LM Ericsson, OSI Geospatial Inc., Qualcomm Inc., and Leica Geosystems Inc.

Global Mobile Mapping Market: Overview

The global mobile mapping market report sheds light on all components of the market, illustrating to readers the likely growth trajectory of the global mobile mapping market on the whole as well as the growth prospects of leading segments. The report uses historical figures illustrating the growth trajectory of the global mobile mapping market and further projects studied forecasts regarding the growth prospects of the mobile mapping market over the 2017-2022 forecast period. The report uses industry-standard analytical models to study the growth of the global mobile mapping market in the last five years, based on primary and secondary information gathered from reliable industry sources. The report also assesses the major factors affecting the global mobile mapping market and provides an elaborative review of the segmentation of the market.

The global mobile mapping market is likely to reach a valuation of US$12.9 bn by the end of 2017. According to Transparency Market Research, the mobile mapping market is likely to exhibit a strong 13.7% CAGR over the 2017-2022 forecast period, rising to a valuation of US$24.4 bn by the end of 2022.

Global Mobile Mapping Market: Dynamics

The key factors determining the growth trajectory of the global mobile mapping market are assessed in the report to provide readers with a clear picture of what is driving and restraining the market. Information about the major drivers and restraints affecting the mobile mapping market will enable market players to formulate strategies for maximizing their gains from the positive trend. Meanwhile, detailed analysis of the restraints holding back expansion of the global mobile mapping market is also provided in the report in order to give readers an idea of the risks in the mobile mapping market.

Growth in the application spectrum of mobile mapping in recent years, enabled by rapid advancement of satellite positioning technology, has been a major driver for the global mobile mapping market. Growing use of mapping applications in smartphones is likely to enable smooth growth of the global mobile mapping market in the coming years.

Global Mobile Mapping Market: Segmentation

The report sheds light on the granular composition of the global mobile mapping market by segmenting it on the basis of solution, end use, and end use industry. By solution, the global mobile mapping market is segmented into location based services, indoor mapping, 3D mapping, support services, and others. By end use, the mobile mapping market is bifurcated into individual and commercial use. By end user industry, the global mobile mapping market is classified into BFSI, travel and hospitality, energy and utility, oil and gas, healthcare, telecommunication, government, and others. To understand the geographical hierarchy of the global mobile mapping market, the report studies the performance of the mobile mapping market in North America, Latin America, Europe, the Middle East and Africa, Japan, and Asia Pacific except Japan.

The report provides detailed information regarding the historical growth patterns of segments of the global mobile mapping market, helping shed light on the likely growth prospects of the segments over the 2017-2022 forecast period.

Global Mobile Mapping Market: Competitive Dynamics

The report contains detailed profiles of leading players in the global mobile mapping market. These provide readers with clear indicators on how the mobile mapping market is operating at present and which strategies are most likely to yield success in the coming years. Key companies in the global mobile mapping market include Google Inc., Apple Inc., Microsoft Corporation, Tomtom NV, Mitsubishi Electric Corporation, Garmin International, Telefonaktiebolaget LM Ericsson, OSI Geospatial Inc., Qualcomm Inc., and Leica Geosystems Inc.


 
 
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