South East Asia South East Asia Digital Map Market Forecast to...

South East Asia South East Asia Digital Map Market Forecast to 2028: Key Players, Size, Share, Growth, Trends and Opportunities

Posted 2023-08-22 04:52:16

To attain detailed market insights and keep market place clearly into the focus, such wide-ranging South East Asia Digital Map Market research report has to be there in the picture. It describes various parameters throughout the report which analyses the market status in detail. Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the key topics in which the report can be classified. Each of these topics is examined very wisely to acquire a clear idea about all the factors that are influencing the market growth and Global Hazardous Area Equipment industry. The large-scale South East Asia Digital Map Market report delivers comprehensive analysis of the market structure along with the estimations of the various segments and sub-segments of the market.

The world class South East Asia Digital Map Market report works upon a number of industry and market parameters including latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights and innovation. This market report estimates compound annual growth rate (CAGR) value fluctuation for the forecast period of 2022-2029 that aids businesses in guessing the investment value. Market research analysis conducted in this report optimistically lends a hand to businesses for the strategy planning related to production, costing, inventory, purchasing and marketing. An examination of various segments that are supposed to witness the quickest development amid the estimated forecast frame is also performed in Global South East Asia Digital Map Market document.

Data Bridge Market Research analyses that the digital map market is expected to reach USD 43,953.78 million by 2030, which is USD 1,214.35 million in 2022, at a CAGR of 15.90% during the forecast period.

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Market Overview

A digital map is a web-based software solution which is used to represent a specific area, road, or geographical location. It is virtually created by gathering data and formatting it into an image by digital formatting. It contains various graphical elements that are combined to provide information of roads and important landmarks in a given area. Digital maps provide various benefits, such as interaction, scalability, accuracy, real-time information, and compact systems to operate.

Some of the major players operating in the digital map market are:

Google LLC (U.S.)
TomTom International BV (Netherlands)
Maxar Technologies (U.S.)
Apple, Inc. (U.S.)
HERE (Netherlands)
Esri (U.S.)
Getmapping plc (U.K.)
Intermap Technologies (U.S.)
MiTAC Holdings Corp. (Taiwan)
Nearmap (U.S.)
MAPQUEST (U.S.)
ThinkGeo LLC (U.S.)
DMTI Spatial (Canada)
Lepton Software (U.S.)
L3Harris Technologies Inc. (U.S.)
PASCO Philippines Corporation (U.S.)
Skymap Global (Singapore)

South East Asia Digital Map Market

Drivers

Increasing usage of digital map government investments in infrastructure development

Digital map technology is widely used in various industries such as construction, telecommunication, and others, energy and power, automobile, logistics, transportation, government, because this technology offering map analytics, advanced GIS, and real-time tracking systems. Logistics and transportation sectors are one of the major sectors which are deploying advanced digital map solutions to increase their operations by reduced up-time. Therefore, increasing usage of digital map government investments in infrastructure development is likely to boost the market growth.

Rising developments in smartphone applications for navigation

With the increasing usage of smartphones, the rapid growth in smartphone applications for navigation are considerably positively impacting the digital map market growth. Most of the smartphone devices equipped with navigation applications using digital maps offer the user best routes with high level of accuracy, exact locations, robustness and reliability. Therefore the extensive employment of these smartphone devices integrated with digital mapping technology is expected to drive the market growth.

Opportunities

Increasing shift towards connected devices

From home appliances to automotive vehicles, the world is shifting towards connected devices which offer location-based operation and real-time data tracking solution to consumers. As a result of this, the increasing usage, digital map will create ample opportunities for the market growth. As per the Forbes, the Internet of Things (IoT) based connected devices installed globally is anticipated to reach 75.44 billion devices by 2025, which in turn will bring a extensive range of growth opportunities for the market during the forecast period.

Increasing product launches by market players

The Iincreasing product launches and other advanced innovations by market players further offer numerous growth opportunities within the market. For instance, in February 2020, ServiceNow introduced Kiosk in which is a software that enables any iPad tablet to be changed into an interactive kiosk. It has features that generate a wonderful experience and functions both offline and online.

Restraints

High initial investment associated with digital maps

Requirement of high initial investment in the creation of digital maps is expected to hamper the growth of the market. Suitable computers are not enough of creating the digital maps, it also required saving and storing the mass of data which increase the total capital expenses of the digital maps.

Availability of alternatives

High presence of alternative option of digital map such as free crowdsourced digital maps is expected to reduce the adoption rate of the digital maps to some extent which limit the market revenue growth.

This digital map market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital map market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Highlights of TOC :

Chapter 1: South East Asia Digital Map Market Overview

Chapter 2: Study Assumptions

Chapter 3: Scope of the Study

Chapter 4: South East Asia Digital Map Market Economic Impact

Chapter 5 : Analysis Methodology

Chapter 6: Research Phases

Chapter 7: Competition by Manufacturers

Chapter 8: Current Market Scenario

Chapter 9: Value Chain/Supply Chain Analysis

Chapter 10: Government Regulations and Initiatives

Chapter 11: Production, Revenue (Value) by Region

Chapter 12: Supply (Production), Consumption, Export, Import by Regions

Chapter 13 : Market Drivers

Chapter 14 : Market Restraints/Challenges

Chapter 15: Market Opportunities

Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=south-east-asia-digital-map-market

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