San Francisco, 31 December 2018: The Report 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.
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| Digital Map Market |
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.
Access Research Report of Digital Map Market@ www.grandviewresearch.com/industry-analysis/digital-map-market
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: 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
·
Europe
·
Asia Pacific
·
South America
·
MEA
Access Press Release of
Digital Map Market@ www.grandviewresearch.com/press-release/global-digital-map-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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