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Smartphones To Turn 3D Mapping Into $17 Billion Industry

2 monthes ago   |   By Android Headlines

In short: The 3D mapping industry is on course to more than triple its value over the next half a decade, largely thanks to contemporary smartphones, according to a new study from Research and Markets. The analytics firm is predicting a compound annual growth rate of 21.75-percent for the industry, hence forecasting three-dimensional mapping technologies will be a business worth some $17.29 billion by 2023, a massive jump compared to the $5.3 billion estimated last year. Smartphones and tablets with augmented reality capabilities are expected to be a major growth engine behind the trend...
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