Global Digital Map Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Digital Map Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global digital map market report has been segmented on the basis of component, industry vertical, and region.
Digital map a virtual image with high-quality microelectronic map with combination of graphics technology, which help to provide information in the form of electronic information. The data is primarily gathered naturally and processed into digital cartographic data. These digital mapping process includes gathering and compilation of the data to form virtual image. Compiled data is utilized to make a digital map that represent a particular geographical area, including major roads, rivers, and important landmarks including airports, hospitals, and among others. In addition, digital mapping technology also be utilized to calculate distance between various places.
The advanced technology used in digital map widely used by the consumer as it effective, and beneficial as compared to paper maps. Digital maps are helpful and easily for tracking any specified location as it telematics system using the GPS system.
Increasing uses of the digital map by an individual to track location or area by using database connections, GIS software files, or with the help of web mapping over internet server is a major factor expected to boost growth of the global digital map market. Moreover, various advantages offered by digital map such as easily access remotely, less space consumption, clear visibility, creation of different location information in layer architecture and an ability to group data easily, and less investments are additional factor estimated to drive growth of the global digital map market.
Increasing adoption of digital map in various end-use industry including construction and engineering and automotive is another factor expected to fuel growth of the global market in the next few years. In addition, increasing demand for digital map services from logistics, travel, and transportation sectors is another factor projected to drive growth of the target market over next 10 years.
However, stringent government regulations for mapping territory data is a major factor projected to hamper growth of the target market.
Among component segments, the solution segment is expected to account for moderate share in terms of revenue in the global digital map market. These solutions support tracking and mapping of natural disasters, including hurricanes, volcano eruptions, and earthquakes, which have an immediate impact on human health as well as secondary impact such as causing death or suffering.
The North America market is expected to account for significant share in terms of revenue in the target market. This is attributed to high adoption rate in transportation, automobile, and government sectors and defense, among others. In addition, it offers various advantages that are beneficial for consumer as it provides real-time information with accurate geographic coordinator. The market in Asia Pacific is expected to register fastest GAGR, owing to high adoption rate of adoption of advanced technologies, and growing uses of the GIS system, online network, and geospatial data in countries in the region.
Global Market Segmentation:
Global market segmentation, by Component:
- Tracking and telematics
- Catchment analysis
- Risk assessment and disaster management
- Route optimization and planning
- Geo-analytics visualization
- Consulting and advisory services
- Deployment and integration services
- Support and maintenance services
Global market segmentation, by Industry vertical:
- Energy and utilities
- Construction and engineering
- Logistics, travel, and transportation
- Government and defense
- Retail and real estate
- Others (telecom and IT, media and entertainment, and BFSI)
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Environmental Systems Research Institute, Inc.
- Google LLC
- TomTom N.V.
- Mapbox Inc.
- DigitalGlobe, Inc.
- Digital Map Products, Inc.
- HERE Holding Corporation
- Microsoft Corporation
- NavInfo Co., Ltd.
- Apple Inc.
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