Stratview Research publishes a new report titled Digital map Market which is segmented  By Type (GIS, LiDAR, Digital Orthophotography, Aerial Photography, Others), By Service (Consulting, Development, Management), By Application (Real-time Location Data Management, Geocoding & Geopositioning, Routing & Navigation, Asset Tracking, Others) and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Saudi Arabia, Brazil, and Others]).

Market Insights

The global Digital map Market is projected to grow from USD 8.1 billion in 2020 to USD 17.0 billion by 2026 at a CAGR of over 13.4% during the forecast period. The significant rise in the number of smartphone and internet users coupled with growing usage of 3D platforms & advanced technologies for making and surveying of digital maps are expected to boost the market growth. Moreover, surging adoption of real-time digital maps provides a strong opportunity for the digital map players.

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Key players active in the market –

The following are some of the key players in the DIGITAL MAP Market:

  • Google (US)
  • TomTom (Netherland)
  • Esri(US)
  • Here (Netherlands)
  • Digital Map Products Inc.(US)
  • Nearmap(Australia)

Global Digital map Market Report Segments:

The Digital map Market is segmented into the following categories:

Based on type, the digital map market has been classified into GIS, LiDAR, digital orthophotography, aerial photography, and others. Under these, the GIS segment held a significant market share in 2020 owing to rising usage of digital maps in urban development and city infrastructure planning. Also, other uses of digital maps such as monitoring of natural resources, disaster management, and assessment of the impact of environmental initiatives boosts the segment growth.

In terms of region, the North America market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to many sectors such as automotive and mobile devices are using digital technology for end-to-end map solutions such as location information, real-time update, technology collaboration, and analytics for better geo mapping outputs, which bolsters the regional market growth during the review period.

 

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

-          Market Overview

-          Key Manufacturers Profiles

-          Market Analysis by Region

-          Market Segment by Type

-          Market Segment by Application

-          Raw Material and Supply Chain

-          Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Customization of the report –

At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.

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