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).

What will the Mobile Map Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Mobile Map Market Size for the Forecast Period and Other Important Statistics

Mobile Map Market: Key Drivers, Trends, and Challenges

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.

Who are the Major Mobile Map Market Vendors?

The report analyzes the market's competitive landscape and 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
• Verizon Communications Inc.

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. 

Which are the Key Regions for Mobile Map Market?

For more insights on the market share of various regions Request for a FREE sample now!

37% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for mobile maps in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Favorable support from governments and the industrial pressure to enhance business productivity through the digital transformation of traditional industries will facilitate the mobile map market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Mobile Map Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The mobile map market share growth by the outdoor mobile map segment will be significant during the forecast period. This is because of the rising demand from the telecommunications, retail, and transportation sectors in developing economies such as India, China, and Brazil. The growth of this segment is because of the advantages associated with the mobile map application. The benefits include real-time global geographic visibility, intelligent linking and mapping, and sophisticated sourcing across all the regions.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mobile mapping market size and actionable market insights on post COVID-19 impact on each segment.

Request for a FREE sample

What are the Key Data Covered in this Mobile Map Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive mobile mapping market growth during the next five years
• Precise estimation of the mobile map market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the mobile mapping industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mobile mapping market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch