San Francisco, 11 March, Digital Map Market Analysis By
Technology (GIS, LiDAR, Digital Orthophotography, Aerial Photography), By
Usage, By Services, By Application, By Region, And Segment Forecasts, 2018 –
2025.
The global digital map market size is estimated to
reach USD 8.76 billion by 2025, growing at a CAGR of 11.5%, according to a new
study by Grand View Research, Inc. The market is expected to witness
substantial demand from navigational application developers and Geographical
Information System (GIS) providers, who in turn are driven by a growing
end-user base. The prolific rise in the number of smartphone and internet users
has further augmented market growth at the global level.
Digital cartography has been
gaining increasing attention in recent years owing to a rapid growth in demand
for geospatial information. The growth in the number of connected and
semi-autonomous cars, anticipated developments in self-driving and navigation
technology, and an increase in the overall number of cars in developing
countries are expected to drive the growth for digital maps across the globe.
Applications such as smart
parking, location, traffic and congestion intelligence, and logistics
management need routing and congestion updates in real time. As digital
cartography has been developing at a rapid rate, it can support these
applications with data feeds and information. In addition, the increasing
number of businesses that are using location-based services for marketing and
advertising is also estimated to enhance the demand growth in coming years.
Digital mapping is also finding
renewed demand in the government & public sector as the demand for
environmental and topographical information systems is on the rise.
Furthermore, the need to maintain an updated information system for law
enforcement officials, defense forces, and local governing bodies in light of
recent manmade and natural threats is anticipated to propel the demand for
maps.
Smooth interaction between maps
and information systems is one of the most important criteria for product
success in the market owing to which vendors are expected to focus more on data
integration over the forecast period. As the industry matures, key
players are anticipated to indulge in mergers and acquisitions in order to keep
abreast of the market developments and maintain a competitive edge in a rapidly
evolving technological landscape.
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Report On Digital Map Market Analysis:
Further key findings from the study suggest:
·
The effect of recent
technological developments and the shift toward smartphones is expected to have
a profound effect on the Personal Navigation Devices (PND) market
·
Collaborations and partnerships
between car manufacturers, in-dash navigation system providers, and digital map
data providers are predicted to define the way forward for the market.
·
Revenue generation models are
estimated to differ considerably over the coming years with some vendors opting
for revenue generation from data and information sales, while others opting for
location-based services. There is also a high probability of vertical
integration in the industry.
·
Developing regions in the world
are expected to witness exploration activities, whereas developed countries
would witness a growth in demand for real-time data and information.
·
Asia Pacific is the
fastest-growing regional segment due to the growth of smartphone users as well
as the number of cars in this region.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global digital map market based on technology, usage, service, application, and
region:
Digital Map Technology Scope
(Revenue, USD Million;2014 - 2025)
·
GIS
·
LiDAR
·
Digital Orthophotography
·
Aerial Photography
·
Others
Digital Map Usage Scope
(Revenue, USD Million;2014 - 2025)
·
Indoor
·
Outdoor
Digital Map Service Scope
(Revenue, USD Million;2014 - 2025)
·
Consulting
·
Development
·
Management
Digital Map Application Scope
(Revenue, USD Million;2014 - 2025)
·
Automotive
·
Military & Defense
·
Mobile Devices
·
Enterprise Solutions
·
Government & Public Sector
Digital Map Regional Scope
(Revenue, USD Million;2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
·
MEA
Browse Press
Release of this Report:
www.grandviewresearch.com/press-release/global-digital-map-market
www.grandviewresearch.com/press-release/global-digital-map-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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