The “Digital Map Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Digital Map market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
Global Digital Map Market is anticipated to reach USD
8.76 billion by 2025. Digital map implies virtual images formed
by configuring and gathering data into an image. It is also termed as
“Cartography”. The technique of structuring and gathering data into a virtual
image is termed as “Digital Formatting”. Digital mapping refers to the
technique wherein data is gathered to produce maps, in the form of virtual
images that indicates a certain geographical area, the rivers, main roads, and
numerous significant landmarks such as airports, hospitals, and tourists from a
specific region. Digital mapping technology is used to calculate distances
between different places.
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The factors that propel the growth of the Digital Map
industry include the increasing adoption of innovative technology in surveying
and making maps and rising adoption of digital maps in industries. The increase
in competition among the suppliers of digital mapping is encouraging the
retailers to upsurge their product portfolios and improve their skill to offer
user-friendly maps to the clients. On the other hand, the factors that may
hamper the growth of the market include high investment in data collection.
Digital Map Market is anticipated to grow at a significant CAGR of 11.5% in the
upcoming period as the scope, product types, and its applications are
increasing across the globe.
The market may be analyzed by technology, usage,
application, functionality, and geography. Also, the market may be analyzed by
technology as LiDAR, GIS, Aerial Photography, Digital Orthophotography, and
Others. The “LiDAR and orthophotography” segment surpassed the digital map
industry in 2016 and is anticipated to maintain its dominance by 2025 owing to
infrastructure development in several regions in the globe, disaster
management, and reducing the costs associated with supply chain & logistics
management.
The market may be analyzed by usage as Outdoor, and
Indoor. The “Outdoor Usage” segment surpassed the market and is anticipated to
maintain its dominance by 2025 owing to growing demand from indoor
location-based facility providers. Digital Map Market may be analyzed by
service as Development, Consulting, and Management. The “Development” segment
surpassed the market and is anticipated to maintain its dominance by 2025 due
to demand from location-based solutions and services.
Digital Map industry may be analyzed by application as
Retail and real estate, Construction and engineering, Energy and utilities,
Government and defense, Logistics, travel, and transportation, Automotive, and
Others (telecom and IT, BFSI, and media and entertainment,). The market may be
analyzed by Functionality as GPS Navigation, Scientific, and Computerized. Asia-Pacific accounted for the major share of
the Digital Map Market Size in 2016 and will continue to lead in the forecast
period. The factors that could be attributed to the growth include increase in
use of smartphones and with respect to geospatial information.
Some of the key players that fuel the growth of the
digital map industry comprise AutoNavi Holding Ltd., Yahoo! Maps, Apple Inc.
Google Inc., Tom Tom NV, Micello Inc., NavInfo Co. Ltd., Zenrin, Bing Maps,
ArcGIS Online, WoNoBo, MapSherpa, GeoMapserver, MapQuest, NearMap, Open StreetMap,
Inrix, Mapion, Road trippers, Mappy, MapmyIndia, ViaMichelin, WikiMapia, Baidu
Maps, and Bhuvan Magellan Navigation. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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