Digital Map Market by Type, Size, Growth and Forecast – 2027
Posted by mahavir mete on May 6th, 2021
The increased movement of the individual for work or personal reasons is estimated to have a considerable bearing on the digital map market 2020. The packaging and transport industry reports are produced by Market Research Future, which highlights market options for expansion. A steadily rising CAGR is estimated to shape the market in the impending period.
The use of digital maps is rising with increased travel by individuals in unfamiliar areas; this factor is expected to boost the map market globally. Moreover, the need for maps in the tracking of natural disasters and other environmental emergencies is predicted to promote the digital map industry in the upcoming period.
The segmental analysis of the digital map market is carried out on the basis of type, applications, functionality, technology, vertical, and region. The application basis of segmenting the digital map market consists of indoor and outdoor. Based on the type, the digital map market is divided into services and solutions. On the basis of functionality, the digital map market is segmented into scientific, GPS navigation, and computerized. By the technology, the digital map market is segmented into digital map market GIS, digital orthophotography, aerial photography, and others. Based on the vertical, the digital map market is segmented into automotive, defense & aerospace, smartphones, and others. By region, the digital map market is segmented into Europe, North America, Asia Pacific, and the rest of the regions.
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Detailed Regional Analysis
The regional examination of the digital map market includes regions such as Europe, North America, Asia Pacific, and the rest of the regions. The North American market shows potential in the digital map for leading the digital map market share. The vast demand for digital maps through the end-user industry verticals such as logistics, automotive, defense, etc. for making possible decision making is predicted to catalyze the growth of the digital map market. This trend is expected to carry on in the forthcoming years. The scientific advancements and grouping of strategic players in the region are expected to have a constructive effect on the development of the digital map market in the region. The European region is also an important development area in the global market and is estimated to display extensive augmentation in the forthcoming years. The Asia Pacific region is filled with robust opportunities for growth of the global market. The exponential boost in the buying of vehicles, together with large-scale diffusion of mobile phones, is projected to impel the rise of the digital map market in the region.
The availability of strong government support and the presence of encouraging policies is expected to enliven the growth prospects in the approaching period. The incidence of options that can be favorably capitalized on is aiding the market players in improving their overall position in the market. The competition in the market is manageable, which is inducing the entry of new players in the global market. The balance in demand and supply in the market will prove as an encouraging growth factor in the forecast period. The market is expected to record a stable growth rate in the coming years. The market competitors are expected to play a vital role in the development of the global market. The development of adequate sources of raw material is predicted to transform the market in the upcoming period further. The upgrades in production methods are estimated to transform the potential of the market in the forecast period.
The distinguished players in the digital map market are TomTom (Netherlands), Mapbox (US), OpenStreetMap (UK), HERE (Netherlands), AutoNavi (China), Digital Map Products (US), Digital Mapping Solutions (Australia), ARC Aerial Imaging Limited (UK), Nearmap (Australia), MapmyIndia (India), MapMan (UK), Living Map (UK), NavInfo (China), Automotive Navigation Data (Netherlands), INRIX (US), MiTAC International Corporation(Taiwan), MapQuest (US), Microsoft (US), MapSherpa (Canada), Google (US), DigitalGlobe (US), Apple (US), Esri (US), and ARC Aerial Imaging Limited (UK).
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About the Authormahavir mete
Joined: April 27th, 2021
Articles Posted: 67
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