PUBLISHER: Value Market Research | PRODUCT CODE: 1264231
PUBLISHER: Value Market Research | PRODUCT CODE: 1264231
The global demand for Digital Map Market is presumed to reach the market size of nearly USD 83.48 BN by 2030 from USD 23.42 BN in 2022 with a CAGR of 17.22% under the study period 2023 - 2030.
A digital map is an electronic map whose operation is based on a set of graphic elements that have been assigned to it in the form of electronic data. It is based on data that has been obtained naturally and converted into digital cartographic data. Digital map solutions are crucial in the construction and engineering industries because they assist all elements of the infrastructure life cycle. Network safety and maintenance costs can both be improved with digital mapping. Digital mapping is collecting and assembling data to produce a virtual image. The gathered information is used to create digital maps that accurately reflect a specific geographical area or feature, such as major rivers, roads, and vital landmarks like hospitals and airports. Distances between locations can also be calculated using digital mapping technologies.
The digital map market is observing a surge due to the rapidly growing number of internet consumers and internet usage via smartphones and other portable devices. The global digital map market is increasing due to the increased use of 3D platforms and improved technology for surveying and creating digital maps. The surge in real-time digital map adoption gives the digital map market a considerable opportunity. The increased use of geospatial data, smartphones, and internet users and digital maps in various verticals are all key market growth drivers. Over the projected period, the digital map industry is expected to grow because of the continuous transition from personal navigation devices to smartphones and consumer-centric applications. Moreover, many software providers will likely support industry growth in the coming years, focusing on specific industries and employing novel ways to expand on current data sets. However, an increase in the usage of free crowdsourcing digital maps and strict restrictions and legal challenges are impeding the market's expansion
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of digital map. The growth and trends of digital map industry provide a holistic approach to this study.
This section of the digital map market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Digital Map market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital map market include Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV, MiTAC International Corporation, ARC Aerial Imaging Limited, Esri, Nearmap Ltd. and MAPQUEST. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.