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The mobile map market share is expected to increase by USD 6.73 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 18.41%. This mobile map market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The mobile map market report also offers information on several market vendors, including Alibaba Group Holding Ltd., Alphabet Inc., Apple Inc., CE Info. Pvt. Ltd., Environmental Systems Research Institute Inc., HERE Global BV, Microsoft Corp., NavInfo Co. Ltd., TomTom International BV, and Verizon Communications Inc. among others. Furthermore, this report extensively covers mobile map market segmentation by application (outdoor mobile map and indoor mobile map), end-user (automotive navigation, mobile and internet, and public sector and enterprise), and geography (APAC, North America, Europe, South America, and MEA).
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing adoption of technologically advanced mobile devices is notably driving the mobile map market growth, although factors such as threat from open-source platform may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mobile map industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Mobile Map Market Driver
The increasing adoption of technologically advanced mobile devices is one of the primary factors driving the mobile map market growth. The growing penetration of advanced mobile devices has increased the use of location-based services (LBS). To support this, mobile device manufacturers are introducing new devices that can integrate location-based applications such as GPS-enabled applications. In addition, individuals rely on such devices to obtain information such as traffic updates, directions to nearby locations, and real-time information such as weather forecasts. All these GPS-based applications are built on digital maps. Furthermore, the growth in connected devices will drive the demand for mobile maps globally to enable seamless navigation.
Key Mobile Map Market Trend
The development of indigenous mapping systems is one of the major mobile map market trends. This trend is growing significantly in Brazil, Russia, China, and India. Governments are encouraging regional mobile map makers to develop mobile map solutions that are country-specific. This trend is further supported by advanced mapping technology, which can develop accurate 3D digital maps.
Key Mobile Map Market Challenge
The growing popularity of open-source solutions has an adverse effect on the net sales of commercial mobile map solutions. The inflated cost of mobile map solutions has increased the demand for open-source mobile map applications in the market, especially in emerging countries such as China and India. These nations consist of many SMEs that require mobile map solutions but do not have sufficient capital to invest in customized mobile map technology. Therefore, open-source mobile map solutions have become a preferred choice among them. Many automobile companies also prefer open-source mobile map solutions in their vehicles. Large companies, as a part of the cost reduction, now prefer using open-source mobile map solutions compared with commercial mobile map solutions.
This mobile map market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the mobile map market encompasses successful business strategies deployed by the key vendors. The mobile mapping market is fragmented and the vendors are deploying growth strategies such as M&A activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The mobile map market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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