Global mobile mapping market growth to reach US$24.4 billion by 2022: Report

Global mobile mapping market growth to reach US$24.4 billion by 2022: Report

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global mobile mapping market to grow at US$12.9 billion
The global mobile mapping market report forecasting a market growth of US$12.9 billion by the end of 2017. (Image for illustration purpose)

US: Market research firm, Reportlinker, recently published the global mobile mapping market report forecasting a market growth of US$12.9 billion by the end of 2017. The global mobile mapping market report sheds light on all components of the market, illustrating to readers the likely growth trajectory of the global mobile mapping market on the whole as well as the growth prospects of leading segments.

The report uses historical figures to illustrate the growth trajectory of the global mobile mapping market and further projects studied forecasts regarding the growth prospects of the mobile mapping market over the 2017-2022 forecast period. The report uses industry-standard analytical models to study the growth of the global mobile mapping market in the last five years, based on primary and secondary information gathered from reliable industry sources.

Read the full report: https://www.reportlinker.com/p05210091

The global mobile mapping market is likely to reach a valuation of US$12.9 billion by the end of 2017. According to Transparency Market Research, the mobile mapping market is likely to exhibit a strong 13.7% CAGR over the 2017-2022 forecast period, rising to a valuation of US$24.4 billion by the end of 2022. The report also assesses the major factors affecting the global mobile mapping market and provides an elaborative review of the segmentation of the market.

The key factors determining the growth trajectory of the global mobile mapping market are assessed in the report to provide readers with a clear picture of what is driving and restraining the market. Information about the major drivers and restraints affecting the mobile mapping market will enable market players to formulate strategies for maximizing their gains from the positive trend. Meanwhile, detailed analysis of the restraints holding back expansion of the global mobile mapping market is also provided in the report in order to give readers an idea of the risks in the mobile mapping market.

Growth in the application spectrum of mobile mapping in recent years, enabled by rapid advancement of satellite positioning technology, has been a major driver for the global mobile mapping market. Growing use of mapping applications in smartphones is likely to enable smooth growth of the global mobile mapping market in the coming years.