Rising Demand for Location based Services to Enable Smooth Growth of Mobile Mapping Market
The global mobile mapping market has benefited from the strong preference from smartphone consumers for technological advancements enabling more refined and diverse use of smartphones and the consequent rise in adoption of mobile mapping by app developers in several sectors.
The widespread use of mobile mapping in developed regions is likely to remain a key driver for the global mobile mapping market in the coming years.
According to Transparency Market Research, the global mobile mapping market is likely to be valued at US$12.9 bn by the end of 2017. Exhibiting a strong 13.7% CAGR, the mobile mapping market is expected to rise to US$24.4 bn by the end of 2022.
Here are the key insights into the growth prospects of the global mobile mapping market:
Make Enquiry: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33398
Rising sophistication of mobile mapping technology has enabled widespread adoption of the mobile mapping market and is likely to be the crucial driver for the global mobile mapping market over the 2017-2022 forecast period.
Steady flow of investment for research and product development efforts in the mobile mapping sector has been a vital driver for the global mobile mapping market. Growing interest of tech companies and smartphone giants in mobile mapping applications is thus likely to be a major driver for the global mobile mapping market over the coming years.
The strong presence of several tech giants is likely to enable steady dominance of North America in the global mobile mapping market over the 2017-2022 forecast period.
The North America mobile mapping market has also benefited from the widespread adoption of advanced mobile mapping services, which has led to rising demand for a variety of mobile mapping applications.
Developments in the healthcare sector and telecommunication sector based on offering the consumer the nearest point of service based on their location have enabled steady growth of the mobile mapping market in North America. The North America market for mobile mapping is likely to be valued at US$3.6 bn by the end of 2017 and further rise to US$7.9 bn by 2022.
Europe is also likely to remain a dominant contributor to the global mobile mapping market, with the regional market expected to be valued at US$6.2 bn by the end of the 2017-2022 forecast period, accounting for more than a quarter of the global mobile mapping market.
Growth of the transportation and logistics sector is also likely to be a vital driver for the global mobile mapping market over the 2017-2022 forecast period. Mobile mapping offers significant benefits in the transportation and logistics sector, where it can be used to track products in live time, minimizing the chances of the product being mislaid.
The automotive industry’s steady push toward technologically refined cars is also likely to help the global mobile mapping market, as rising incorporation of smartphone connectivity in automotive design has enabled growing demand from the 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.
Get TOC: https://www.transparencymarketresearch.com/report-toc/33398
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Demand for Location based Services to Enable Smooth Growth of Mobile Mapping Market here
News-ID: 907083 • Views: 127
More Releases from Transparency Market Research
Wood Pellet Market- Industrial Forecast, Market Analysis and Trends 2023
Transparency Market Research, in a report titled "Wood Pellets Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," states that the estimation of the global wood pellets market is anticipated to ascend from US$6.2 bn in 2014 to US$20 bn in 2023. In the event that these qualities remain constant, the report expresses that the market will enroll a 14.10% CAGR in that. View exclusive Global strategic
Electrical Submersible Pumps Market is projected to reach US$16.75 bn by the end …
An enormous number of unmistakable undertakings with solid brands right now speak to the greater part in the global electrical submersible pumps (ESPs) market. This furnishes the market with a profoundly focused seller scene. As indicated by Transparency Market Research (TMR), the main four organizations working in the market, containing Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil and Gas, held over 86% of the worldwide ESP
Circulating Fluidized Bed Boilers Market 2023 - Opportunities And Challenges
Innovation varieties, the ongoing advances in plan, and divided assembling have brought about a high level of rivalry in the global circulating fluidized bed (CFB) boilers advertise. This thusly has constrained the main endeavors in the market, for example, Alfa Laval AB, AE&E Nanjing Boiler Co. Ltd., Bharat Heavy Electricals Limited (BHEL), and others to concentrate on direct advertising. According to Transparency Market Research (TMR), most of these organizations as
Power Transmission Towers and Cables Market 2023 : Forecasts, Technologies, Play …
The global power transmission towers and cables market features an exceptionally divided and a particularly unique working condition, discovers Transparency Market Research (TMR). A portion of the main merchants in the market are Kalpataru Power Transmission Ltd., Zhejiang Shengda Steel Tower Co., Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., ShanDong DingChang Tower Co., Ltd., KEC International, Ltd., and Sumitomo Electric Industries, Ltd. Countless players working in this divided landscape
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the