Global digital map market size is projected to reach $3,679 million by 2023,CAGR of 12.61% by 2023
The global digital map market is segmented on the basis of usage, functionality, and region. Usage covered in this study include indoor and outdoor applications.
By: Valuates Reports
The digital map also called as cartography is an electronic map, which operation is based on a combination of graphic elements assigned to it in the form of electronic information. It is based on naturally harvested and processed into digital cartographic data.
Increase in the usage of 3D platforms & advanced technologies for surveying and making digital maps drives the growth of the global digital map market. However, growth in adoption of free crowdsourcing digital maps, stringent regulations, and legal challenges restricts the growth of the market. Rise in adoption of real-time digital maps offers a strong opportunity for the digital map.
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The report includes the study of the digital map market focusing on various growth prospects and restraints, based on the regional analysis. The study highlights Porter's Five Forces analysis for the market that comprises the impact of suppliers, competitors, new entrants, substitutes, and buyers.
The digital map market is dominated by key players that includes Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV, MiTAC International Corporation, ARC Aerial Imaging Limited, Esri, Nearmap Ltd. and MAPQUEST
The global digital map market is segmented on the basis of usage, functionality, and region. Usage covered in this study include indoor and outdoor applications. By indoor applications, the market is classified into airports, malls, and departmental stores. By outdoor applications, the market is divided into automotive navigation, mobile & the internet, public sector agencies, and enterprises. Based on the functionality, the market categorized into computerized, scientific, and GPS navigation. Based on the regional study, the digital map market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key Benefits for Digital Map Market:
1. The study provides an in-depth analysis of the digital map market, with current and future trends to elucidate the imminent investment pockets.
2. The quantitative analysis of the digital map industry from 2016 to 2023 is provided to elaborate the digital map market potential.
3. Information regarding key drivers, restraints, and opportunities coupled with their impact analysis is provided.
4. Porter's Five Forces analysis illustrates the potency of buyers and suppliers participating in the market.