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Looking for a second giant in mobile mapping market?
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By Prince Osuagwu
Competition in the mobile industry is arguably shifting to the Mobile Mapping Market. The market size exceeded $20 billion in 2019 and is poised to register gains at over 17 percent CAGR between 2020 and 2026. It is also estimated the market could attract advertising revenue worth up to $100 billion per year, according to Barron’s.
Although the industry is witnessing a significant disruption with the increasing availability of portable and low-cost sensors and rapidly the growing use of telecommunication networks, the disruption is, however, adding to its strength, by developing new trends, which have become growth parameters.
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