Mobile mapping market worth 26.60 billion USD by 2020: Report

Mobile mapping market worth 26.60 billion USD by 2020: Report

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US: MarketsandMarkets has released a market research report called "Mobile Mapping Market by Segment (Location-Based Services, Location-Based Search, Indoor Mapping, 3D Mapping, Licensing Subscription and Support), by User Type (Individual, Enterprise), by Industry Vertical and by Region – Global Forecast to 2020.” According to the report, the Mobile Mapping Market size is estimated to grow from $10.28 Billion in 2015 to $26.60 billion by 2020, at a CAGR of 20.9% from 2015 to 2020. The report states that the LBS segment of mobile mapping is expected to hold the largest market share owing to the widespread penetration of mobile devices installed with mapping apps and GPS for accessing LBS, whereas the indoor mapping segment is expected to play a major role in influencing the mobile mapping landscape during the forecast period.

Source: PR newswire