According to Technavio’s latest market research study, the global mobile map market is expected to grow at a CAGR of close to 15% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global mobile map market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
Source: Technavio
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The top three revenue contributing application segments are discussed below
Global mobile map market for automotive navigation: Factors such as declining product prices and escalating price wars between global players and regional players are the fundamental driving forces behind the adoption of mobile maps market for automotive navigation. During the forecast period, the rising deployment of 4G-LTE technologies in the automotive industry is expected to fuel further growth of the market.
“IoT technology enables remote diagnostics, which can alert drivers and solution centers regarding possible traffic problems and solutions. IoT solutions enable advanced navigation capabilities to provide real-time dynamic traffic information, which is useful to optimize routes and distribution schedules,” says Abhishek Sharma, a lead analyst at Technavio for research on machine-to-machine (M2M) and connected devices.
Global mobile map market for mobile and Internet: The growth of the market is fueled by the rising adoption of 4G systems for IoT communications. While high-speed mobile Internet provides real-time information and context-aware services by leveraging cloud technology, retailers are working to provide highly personalized location solution, which is expected to improve consumer engagement and boost sales.
Global mobile map market for public sector and enterprise applications: The increased demand for high-resolution mobile maps is anticipated to propel the adoption of mobile maps for the public sector and enterprise applications during the forecast period. Digital maps integrated with social media networks enable effective post-disaster information management. Such maps are widely adopted in the manufacturing, logistics, and oil and gas industries as they can help optimize routing and provide accurate location information.
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The top vendors operating in the global mobile map market are:
- Alibaba
- Apple
- HERE
- Micello
- NavInfo
- TomTom
Other prominent vendors in the market include ArcGIS Online (Esri), Baidu Maps, Bhuvan, Bing Maps (Microsoft), Ericsson, Foursquare, INRIX, MapmyIndia, MapQuest (AOL), OpenStreetMap, Qualcomm Atheros, Roadtrippers, Trimble Navigation, ViaMichelin, Wikimapia, WoNoBo (Genesys International), Yahoo! Maps, and Zenrin.
A more detailed analysis is available in the Technavio report titled, ‘Global Mobile Map Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Mobile Mapping Market 2016-2020
- Global Digital Map Market 2016-2020
- Global Mobile GIS Market 2016-2020
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