Global Mobile Mapping Market Predicted to Expand at a CAGR of 13.7% during Forecast 2017-2022

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Mobile Mapping Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Mobile Mapping Market would rise at a positive CAGR during the period 2017-2022.

To get sample copy of Report Click Here @ https://www.mrrse.com/sample/3900

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.

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.

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.

Access Report Summary with Detailed TOC @ https://www.mrrse.com/mobile-mapping-market

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.

Enquire about this Report @ https://www.mrrse.com/enquiry/3900

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us                                                    

State Tower                                        
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/

This release was published on openPR.