NEW YORK, Dec. 8, 2021 /PRNewswire/ -- 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. The mobile map market is set to grow by USD 6.73 billion from 2020 to 2025 progressing at a CAGR of 18.41% as per the latest report by Technavio.

Learn about more drivers, trends & challenges by purchasing our full report.
Enquire Before Purchasing

The 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).

37% of the market's growth will originate from APAC. China and Japan are the key markets for mobile maps in the region. 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.

The mobile map market covers the following areas:

• Mobile Map Market Sizing
• Mobile Map Market Forecast
• Mobile Map Market Analysis

Companies Mentioned

The mobile map market is fragmented and the vendors are deploying growth strategies such as M&A activities to compete in the market.

• 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.

 For more insights on vendors -Download a free sample now!

Related Reports:
Digital Map Market  -The digital map market has the potential to grow by USD 8.59 billion during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 22.94%. Download a free sample now!

Gesture Recognition Solution Market -The projected valuation of the gesture recognition solution market by 2025 is USD 20.27 billion. The growth momentum of the market is expected to accelerate at a CAGR of 25.42%, during 2021-2025. Download a free sample now!

Subscribe to our "Lite Plan" billed annually at USD 3000  to join a community, who are eligible to view 3 reports monthly and download 3 reports annually.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/mobile-map-market-to-grow-at-a-cagr-of-18-41-by-2025--increasing-adoption-of-technologically-advanced-mobile-devices-to-boost-growth-17000-technavio-reports-301439232.html

SOURCE Technavio