- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025
Progressive Markets published a report, Digital Map Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025. As per the report, the digital map market was valued at $ 1263.0 million in 2014 and is likely to garner $ 4393.7 million in 2025, growing at a CAGR of 12.49% during the forecast period 2018-2025.
Digital map is a technology that gives accurate representations of a specific region. Also called cartography, these electronic maps working is based on a combination of graphic elements assigned to it in the form of electronic information. The compiled data is used to produce digital maps that exactly represent a area or feature, including roads, rivers, and landmarks such as schools, companies, airports, hospitals, restaurants, grocery shops, and more. Digital mapping technology also finds application in calculating the distance between various places.
Market Drivers and Restraints:
The report analyzes the drivers and restraints influencing the digital map market. The market is driven by factors such as the growing use of 3D platforms and advanced technologies for surveying and making digital maps. Moreover, the increasing adoption of real-time digital maps provides opportunity for the growth of the market. On the other hand, the rise in the adoption of free crowdsourcing digital maps, strict regulations, and legal challenges act as hindrances to the growth of the digital map industry.
The report analyzes the digital map market based on its segmentation. The market is segmented by usage, functionality, and geography. Based on usage, the digital map market is divided into indoor application and outdoor application. Based on functionality, the market is classified as computerized, scientific, and GPA navigation. Based on geography, the digital map market is divided into North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Mexico, and Canada. In Europe, the market is studied in the UK, Germany, France, Russia, and the rest of EU. In Asia-Pacific, the industry is analyzed across China, Japan, India, Australia, and the other parts of Asia-Pacific. In LAMEA, the market is analyzed across Latin America, Middle East, and Africa.
Key Market Players:
The digital map market analysis report also provides a comprehensive review of the key players operating in the market. They adopt marketing strategies such as mergers & acquisitions, partnerships, launches and more to expand and grow their business. The key players proving solutions in the market include Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV, MiTAC International Corporation, ARC Aerial Imaging Limited, Esri, Nearmap Ltd. and MAPQUEST.
Key Benefits from the Report:
The digital map market report provides a thorough analysis of the overall industry. It incorporates the digital map market size, digital map market share analysis, digital map market trends analysis, digital map industry statistics, digital map market forecast, digital map market outlook, market drivers and restraints, Porters analysis, and key market players. The information in the report is a result of a rigorous primary and secondary research with inputs from industry leaders. The statistics, graphs, and charts in the report further add credibility to the information in the report. The market size explains the overall potential of the industry. The market share analysis helps market players, new entrants, and investors assess how the players are performing as compared to their competitors. The market dynamics helps identify the factors that affect the rise and fall of the digital map industry. The Porters Five Forces Analysis (PFFA) identifies the five forces that determine the competitive environment prevailing in the industry. The market forecast is based on the current and past trends of the market. The report also offers a comprehensive overview of the market players operating in the industry. It includes their financial and business segments as well as their recent developments.
Progressive Markets published a report, Isopropyl Ethyl Thionocarbamate (IPETC) Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2022, which says that the market was valued at around 97.7 million ... Read More >>