DUBLIN, Jan. 5, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/nwxjhc/mobile_mapping) has announced the addition of the "Mobile Mapping Market - Global Forecast to 2020" report to their offering.
Factors such as increasing availability of spatial data and analytical tools, introduction of a large number of location-based mobile apps for individuals and businesses, and enhanced network connectivity are expected to encourage the growth of this market.
In the mobile mapping market, the indoor mapping segment is the fastest-growing segment for the enterprise users. This segment is expected to grow as the businesses need to compete with the online shopping areas by provisioning hyperlocal advertising and customer analytics. However, as Global Positioning System (GPS) does not function properly inside buildings due to low satellite signals, service providers are utilizing magnetic fields, radio waves, beacons, and other mobile sensors to locate objects.
Presently, the market is growing progressively with consistent technological advancements. The transportation and logistics sector is increasingly using mobile mapping solutions to enhance its operational efficiency and implement and monitor mobile resources and is the largest revenue contributor to the market. Other high growth industry verticals comprise media and entertainment, manufacturing, and retail.
Among regions, North America is projected to hold the largest market share and is expected to dominate the mobile mapping market from 2015 to 2020. The factors supplementing the growth of this market are the large number of businesses utilizing mapping application and Location-Based Services (LBS) to enhance their productivity along with the increasing customer awareness about mobile mapping services.
The market in APAC is expected to showcase a significant growth potential and is projected to grow at a CAGR of 24.0%. This extensive growth is owing to the increased penetration of mobile devices equipped with GPS, high growth in developing economies such as India and China, along with the improved network connectivity.
In the years to come, it is expected that the mobile mapping market will grow substantially with the integration of mapping applications within wearable technology. However, the lack of awareness and prevailing apprehensions about breach of privacy and data security are likely to inhibit the growth of this market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Mobile Mapping Market Analysis, By Segment
8 Global Mobile Mapping Market Analysis, By User Type
9 Global Mobile Mapping Market Analysis, By Industry Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Apple, Inc.
- Foursquare Labs, Inc.
- Google, Inc.
- Mapquest, Inc.
- Microsoft Corporation
- Qualcomm Atheros, Inc.
- Telecommunication Systems, Inc. (TCS)
- Tomtom NV
- Trimble Navigation Ltd.
For more information visit http://www.researchandmarkets.com/research/nwxjhc/mobile_mapping
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets