Digital Map Market 2019 By Usage, Functionality, Service, Application, Solution, Type, Industry Analysis, Size, Share, Latest-Technology, Trends and Forecast 2025
Global Digital Map Market study highlights Porter’s Five Forces analysis for the industry that comprises the impact of suppliers, competitors, new entrants, substitutes, and buyers.
Dallas, United States – November 1, 2020 /MarketersMedia/ —
The global digital map market size is projected to reach over USD 30 billion by 2025. In addition, it is anticipated to gather a CAGR of over 16% during the forecast years 2018-2025. Increasing adoption of novel technologies in map making and surveying along with the rising adoption of digital maps across various industry verticals is propelling the growth. The increasing internet penetration and rise in connected devices such as smartphones, tablets, and interactive displays for adoption of map-based applications is likely to witness rapid rise in near future. Moreover, the ongoing migration from personal navigation devices to smartphones and consumer-centric applications is expected to drive the market growth.
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The digital map is also known as an electronic map that comprises a combination of numerous graphic elements in the form of electronic data. It is a method of compilation and collection of information in the form of a virtual image. Therefore, the combination of such data is used to create the digital maps which further characterize a particular geographic area such as roads, rivers, and essential landmarks like airports, train stations, hospitals, and others. Moreover, digital maps are further used for calculating the distance between places and other navigational purposes
The market has been segmented into indoor and outdoor usage based upon the application of mapping techniques in various end uses. The outdoor held the dominant market share in 2019, owing to the rising adoption of outdoor maps in the automotive industry. Moreover, the utility of digital maps for backpackers, mountain bikers, hunters, firefighters, guides, and other serious outdoor professionals and adventurers is also expected to drive the demand. Outdoor usage includes the use of digital maps and navigation systems for product marketing, global networking, fleet management, land-based decision-making, environmental studies, disaster management, risk analysis, and other surveys.
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The digital map market has solid competition among the early established and new players. Also, to capture a competitive advantage over the other industry players many industry players are aiming potential markets by forming collaboration and partnerships, agreements, mergers & acquisitions, acquiring new startups & other companies, and escalating their business presence.
In terms of the application, the market is segmented into asset tracking, geo-positioning, routing and navigation, real-time location data management, and others. The real-time location data management segment accounted for the highest growth and it is projected to hold its position over the forecast period. On the contrary, the routing and navigation segment leads the market growth in 2019 and it is projected to hold its position over the forecast years. The market growth in this segment is primarily accredited to the increasing deployment of navigational systems in connected cars and smartphones.
The Asia-Pacific region is projected to accumulate the highest growth during the forecast period due to the increasing adoption of smartphones and internet services penetration in this region. However, the North American region dominated the overall market in 2019 and it is projected to keep its position throughout the forecast period 2018-2025. The dominance of this region is primarily accredited to the presence of major market players in this region.
The major players of the global digital map market are Google, Esri, Digital Map Products, Indoor Atlas, HERE, Apple, MapWise, TomTom, ARC Aerial Imaging, and Nearmap. Moreover, the other prospective players in the digital map market are Mapillary, ThinkGeo, AutoNavi, Jibestream, and MapData Services. The digital map market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
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Segment Overview of Global Digital Map Market
Type Overview, 2018-2025 (USD Billion)
• Indoor Mapping
• Outdoor Mapping
Application Overview, 2018-2025 (USD Billion)
• Routing and Navigation
• Real-Time Location Data Management
• Asset Tracking
• Geopositioning
• Others
Industry Verticals Overview, 2018-2025 (USD Billion)
• Government and Defense
• Construction
• Automotive
• Logistics & Transportation
• Others
Regional Overview, 2018-2025 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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