Industry Analysis
Data Bridge Market Research analyses that the digital map market will exhibit a CAGR of 14.42% for the forecast period of 2021-2028. This signifies that the digital map market value will rise up to USD 38.7 billion by 2028. Rising advancements in the digital map technology and growing need of 3D platform are the two major factors driving the growth of digital map market. Digital mapping is a technique of compiling and collecting the data and converting it into a digital image. Digital mapping has gained relevance in vehicle routing, territory planning, trajectory and others. This electronic operates on the basis of graphic elements. Digital maps are more accurate than printed maps.
Digital Map Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
Rising application of digital maps by the various end user verticals such as energy and utilities, construction and engineering, logistics, travel, and transportation, government and defence, automotive, retail and real estate and others will propel the growth of the market. Rising adoption of digital map by small and medium scale businesses is further fostering the growth of digital map market. Rising demand for smartphones and increasing internet penetration are some other indirect market growth determinants. However, increasing adoption of free crowdsourcing digital maps will create hindrances for the growth of market. Also, high investment involved in data collection will challenge the digital map market growth rate. Stringent governmental regulations will further restrict the scope of growth for this market.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Agriculture ICT industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The digital map market is segmented on the basis of component, usage, functionality, solution, service and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the digital map market is segmented into solutions and services.
- On the basis of usage, the digital map market is segmented into indoor and outdoor applications. Indoor applications are sub-segmented into airports, malls and departmental stores. Outdoor applications are sub-segmented in automotive navigation, mobile and internet, public sector agencies and enterprises.
- On the basis of functionality, the digital map market is segmented into computerized, scientific and GPS navigation.
- On the basis of solution, the digital map market is segmented into tracking and telematics, catchment analysis, risk assessment and disaster management, route optimization and planning, geo-analytics and visualization.
- On the basis of service, the digital map market is segmented into consulting and advisory, deployment and integration and support and maintenance.
- On the basis of vertical, the digital map market is segmented into energy and utilities, construction and engineering, logistics, travel, and transportation, government and defence, automotive, retail and real estate and others.
Market Country Level Analysis
· The countries covered in the digital map market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
· The major players covered in the digital map market report are Apple Inc., Google LLC, Maxar Technologies, HERE, Esri, Getmapping, TomTom International BV., MapData Services, Intermap Technologies., HarperCollins Publishers Limited, MiTAC Holdings Corp., ARC Aerial Imaging Limited, Nearmap, MAPQUEST, Mapbox, Digital Map Products, Inc., DMTI Spatial, Lepton Software, and ThinkGeo LLC. and ZENRIN USA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Digital Map Market Report Answers the Following Questions:
- What is the current size of the Digital Map Market?
- What are the key drivers and challenges for the Digital Map Market?
- What are the different types of Digital Map Market?
- What are the leading companies operating in the Digital Map Market?
- What is the future outlook for the Digital Map Market?
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