Mobile Mapping Market Demand, Scope, Emerging Trends, Growth, Business Challenges, Opportunities and Forecast 2030: SPER Market Research
- March 22, 2023
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The speedy acceptance of satellite mapping technology and its seamless integration into smartphones and Internet of Things (IoT) connected devices are propelling Mobile Mapping Market Growth. In addition, the increment in the application of the global navigation satellite system (GNSS) in 3D mapping, environmental monitoring, machinery control, accident investigation, and disaster response to the requirement for accurate and up-to-date spatial data has introduced requirements for the mobile mapping market. Moreover, the mobile mapping market is encouraging the advancement of new methods for automated and speedy data assortment with the assistance of the innovative 5G internet. However, privacy & data security apprehensions, and the great cost of implementation of mobile mapping solution has limited the market growth. In addition, mobile mapping integration with wearable smart devices and the growth of mapping analytics are probably to deliver lucrative advancement opportunities for the mobile mapping market throughout the review duration.
Speedy acceptance of satellite mapping technology and its smooth integration into smartphones and the Internet of Things (IoT) connected devices is propelling the market revenue growth. According to the SPER market research, ‘Mobile Mapping Market Size – By Offering, By Deployment Model, By Enterprise Size, By Application, By Industry Vertical – Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ state that the global mobile mapping market is predicted to reach USD 139.81 billion by 2030 with a CAGR of 19.9%.
Integration of different navigation and remote sensing technologies on a common moving platform is an emerging answer to the problems encountered in modern data assortment campaigns. These Mobile Mapping Systems (MMS) can gather data speedily, cost-efficiently, and proficiently. Their advancement was spurred by a desire to solve issues with alternate spatial data assortment approaches. Also, the market growth is probably to be fostered by the continued shift from personal navigation devices to smartphones and customer-centric applications. Moreover, the market players are probably to observe the augmented competition owing to the increasing adoption rate of digital mapping applications for usage in self-driving cars in the automotive industry. Aspects such as increasing awareness of inventory and asset management, infrastructural development of telecommunications networks, and augmented adoption of mobile mapping devices are predicted to foster the growth of the mobile mapping market throughout the reviewing duration.
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Furthermore, the swift acceptance of satellite mapping technology along with its seamless integration into smartphones and IoT equipment fosters the growth of the global mobile mapping market. Integration of mobile mapping with wearable smart instruments and enlargement of mapping analytics will open new growth avenues for the global market.
Governments around the world used mobile mapping tools for mapping demographic data and interrelating it with disease spread in a precise location. This fostered the growth of the global market throughout the COVID-19 pandemic. Speedy innovations in the satellite mapping technology, its integration into smartphones and the fostering sales of smartphones are strengthening the growth of the global mobile mapping market.
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SPER Market Research