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.
North
America digital map market, by application, 2014 - 2025 (USD Million)
Browse full
research report on Digital Map Market: http://www.grandviewresearch.com/industry-analysis/digital-map-market
Further key
findings from the report 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: http://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
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- MEA
Access
Press Release By Grand View Research: http://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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