[140 Pages Report] 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.

Mobile mapping solutions and services are increasingly being used by individuals and enterprises to access real-time, location-based information that helps in making informed decisions. The report aims at estimating the market size and future growth potential of the global market and its different divisions such as segments, user types, industry verticals, and regions. The base year considered for the study is 2014 and the forecast period considered to estimate the market size is from 2015 to 2020. With the widespread penetration of mobile devices among individuals and businesses, coupled with improved internet connectivity, is expected to boost the growth of the market in the next five years.

The research methodology used to estimate and forecast the market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global mobile mapping market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all divisions and sub-divisions. The breakdown of profiles of primary is depicted in the below figure:

The mobile mapping market ecosystem comprises mobile mapping solution and service vendors such as Google, Foursquare, and Microsoft; GIS providers such as Garmin, TomTom, and NAVTEQ; and Application Programing Interface (API) providers such as DroidAR and ARLab, offering these mobile mapping solutions and services to users to cater to their needs for reliable location-based data, along with serving the unique business requirements of various enterprises.

Target audience

Mobile Mapping Service Providers

White-Label Mobile Mapping Service Providers

Consumer Electronics Vendors

Geographic Information Systems (GIS) Companies

Technology Providers

Application Developers

Internet Service Providers (ISPs)

Telecom Network Operators

Scope of the Report

The research report segments the mobile mapping market to following sub markets:

By Segment:

Location-Based Services (LBS)

Location-based Search

Indoor Mapping

3D Mapping

Licensing Subscription and Support

By User Type:

Individual

Enterprise

By Industry Vertical:

Transportation and Logistics

Government and Public Sector

BFSI

Real Estate

Manufacturing

Telecommunication

Travel and Hospitality

Retail

Media and Entertainment

Others

By Region:

North America

Europe

Asia-Pacific (APAC)

Middle East and Africa (MEA)

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Geographic Analysis

Further breakdown of the regional mobile mapping market by countries.

Company Information

Detailed analysis and profiling of additional market players (Up to 5).

The global mobile mapping market is expected to grow from USD 10.28 Billion in 2015 to USD 26.60 Billion by 2020, at a CAGR of 20.9%. 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 mobile mapping 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.

Internet service providers also play a vital role in this market as they allow sending and receiving of information over the networks, such as ZyXEL and Tetherview. This ecosystem consists of various stakeholders including mobile mapping service providers, device manufacturers, mapping database providers, network providers, internet service providers, application developers, and consumer electronics providers. These stakeholders play an important role in the significant growth of the mobile mapping market by providing the technologies needed, communication devices, networks, and applications.

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. The major vendors in the market include Google, Microsoft, TomTom, Trimble NV, Apple, Foursquare, Telecommunication Systems, Inc., and others. Partnerships, new product launches, and acquisitions are the key strategies adopted by these players to expand their global footprint.

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.