Rise in the usage of mobile devices is pushing mobile mapping market growth to access location-based information that help make informed decisions according to this new research report. It forecasts the market to reach $26.60 billion by 2020 from $10.28 billion in 2015, growing at a CAGR of 20.9% between 2015 and 2020.PUNE, India, Dec. 24, 2015 — (PRNewswire) —
PUNE, India, Dec. 24, 2015 /PRNewswire-iReach/ -- "Expansive penetration of mobile devices to drive the mobile mapping market"
The mobile mapping market size is estimated to grow from USD 10.28 billion in 2015 to USD 26.60 billion by 2020, at a CAGR of 20.9% from 2015 to 2020. The mobile mapping market is driven by factors such as a rise in the usage of mobile devices to access location-based information that help make informed decisions, the growing government regulations and standards such as 911 emergency mandates across the U.S., and improved network connectivity for uninterrupted internet for accessing these solutions and services. Complete report on mobile mapping market spread across 140 pages, profiling 10 companies and supported with 44 tables and 55 figures is now available at http://www.rnrmarketresearch.com/mobile-mapping-market-by-segment-location-based-services-location-based-search-indoor-mapping-3d-mapping-licensing-subscription-and-support-by-user-type-individual-enterprise-by-industry-vertical-and-by-region-global-forecast-market-report.html .
"North America expected to dominate the mobile mapping market"
North America is expected to hold the largest market share and APAC is expected to grow at the highest CAGR from 2015 to 2020 due to the large scale penetration of mobile devices equipped with GPS and improved network connectivity. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Breakup of profile of primary participants is as follows:
- By Company Type-Tier 1 (17%), Tier 2 (50%) and Tier 3 (33%) companies.
- By Designation-C-level (14%), Director level (29%) and other executives (57%)
- By regions-North America (50%), Europe (33%), and APAC (17%).
The major players in mobile mapping market include Google, Inc., Apple, Inc., Microsoft Corporation, Telecommunication Systems, Inc. (TCS), Foursquare Labs, Inc., Trimble Navigation Ltd., Ericsson, Tomtom NV, Qualcomm Atheros, Inc. and Mapquest, Inc. Priced at $4650 for a single user PDF, Inquire Before Buying on "Mobile Mapping Market by Segment (Location-Based Services, Location-Based Search, Indoor Mapping, 3D Mapping, Licensing Subscription and Support), by User Type (Individual, Enterprise), by Industry Vertical and by Region - Global Forecast to 2020" research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=445728 .
"Indoor mapping to gain maximum traction during the forecast period"
The Location-Based Services (LBS) segment in the mobile mapping market is estimated to hold the largest market share during the forecast period. Furthermore, as outdoor mapping has entered the mainstream, thereby turning the focus of the vendors towards indoor mapping data collection and provisioning of related solutions and services.
"Transportation and logistics vertical is expected to hold the largest share of the mobile mapping market"
The mobile mapping market is projected to witness growth in the manufacturing, media and entertainment, and retail sectors, with transportation and logistics vertical holding the largest market share during the forecast period. Factors such as delivering enhanced customer experience through real-time information of vehicles are driving the growth of mobile mapping across the transportation and logistics vertical.
Related Market Reports:
"Location Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Location (Indoor & Outdoor), Technology (context-aware, UWB, BT/BLE, beacons, & A-GPS, and others), Software, Hardware, Services, and Application Areas - Global Forecast to 2020": With leading players such as Cisco Systems, Inc., Google, Inc. (Alphabet, Inc.), International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Esri, Foursquare Labs, Inc., Here (Nokia), Zebra Technologies Corporation and Qualcomm are discussed in this research available at http://www.rnrmarketresearch.com/location-based-services-lbs-and-real-time-location-systems-rtls-market-by-location-indoor-outdoor-technology-context-aware-uwb-bt-ble-beacons-a-gps-and-others-software-hardware-services-and-application-areas-global-forecast-t-market-report.html .
Explore more Information Technology & Telecommunication Market Research Reports at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .
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