|By Business Wire||
|January 13, 2017 02:03 PM EST|
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Technavio has published a new report on the global mobile map market from 2017-2021. (Graphic: Business Wire)
This research report titled ‘Global Mobile Map Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|The global mobile map market is expected to grow to USD 6.01 billion by 2021, with almost 90% of this share coming from the outdoor mobile mapping segment. One of the key driving factors for this market segment is the massive adoption of maps across industries to streamline operations.|
Outdoor mobile maps play a major role in improving response time in emergency situations, and also aid government and local authorities in the better designing of city infrastructure using population density heat maps. Additionally, with an increase in smart city development activities, digital outdoor maps provide solutions to improve energy efficiency.
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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Based on application, the report categorizes the global mobile map market into the following segments:
- Automotive navigation
- Mobile and the Internet
- Public sector and enterprise application
“The automotive navigation segment is expected to grow significantly during the forecast period, driven by declining average selling prices and escalating price wars between global and regional players. However, the high adoption of maps to develop advance driver assistance systems will likely be the biggest driving factor for the market during the forecast period,” says Abhishek Sharma, one of the lead analysts at Technavio for M2M and connected devices research.
Driver assistance applications are designed to help reduce drive times during heavy traffic and find shortest routes and parking zones. These systems improve the operational performance of a connected car by improving fuel or energy efficiency by providing virtual training alerts. The growing demand for safety, convenience, and comfort should help to increase the sales of such applications.
Mobile and the Internet
Cellular communications technology helps connect internet of things (IoT) devices on a large scale, with the aid of high-speed 4G LTE wireless networks. This has resulted in cellular service operators creating various strategies such as differentiated bandwidth pricing, subsidized pricing of the connected wireless module, easily deployable cross-vertical industry solutions, and bundled cloud-based platform solutions.
The rising consumer demand for smartphones, combined with the reducing prices of GPS-enabled handsets, and the increased use of mobile data are favoring increased adoption of location-based systems (LBS). Improved Wi-Fi networks and high-speed 3G mobile broadband are further aiding the implementation of these systems.
Public sector and enterprise application
“With the advent of technology, mobile users are demanding for high-resolution mobile apps, which is expected to boost the revenue generated from this market. These apps are of major importance during emergencies, where responders can use it to track the exact location of the person in distress,” says Abhishek.
These services also help achieve improved homeland security by providing high-accuracy location data for law enforcement operations. In the commercial sector, the high-resolution maps are widely accepted in the manufacturing, logistics, and oil and gas industries due to their ability to optimize transportation routes and provide precise location information to aid delivery management.
The top vendors highlighted by Technavio’s research analysts in this report are:
Browse Related Reports:
- Global Mobile Mapping Market 2016-2020
- Global Digital Map Market 2016-2020
- Global Mobile GIS Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like cloud computing, data center, and product lifecycle management. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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