Digital Map Market – Opportunity and Forecast, 2017-2023

According to a new report by Allied Market Research, titled, Digital Map Market by Usage, by functionality: Global Opportunity and Forecast, 2017-2023, the digital map market is projected to grow at a CAGR of 12.7% from 2017 to 2023. This is attributed to increase in the use of geospatial information and rise in use of smartphones.

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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.

Increase in the use of geospatial information, growth in use of smartphones, and advancements in technology drive the growth of the global digital map market. However, availability of free crowdsourcing digital maps and legal challenges restrict the growth of the market.

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Digital Map Market Key Segments:

By Usage

• Indoor Applications
  • Airports
  • Malls
  • Departmental Stores
• Outdoor Applications
  • Automotive Navigation
  • Mobile & The Internet
  • Public Sector Agencies
  • Enterprises

By Functionality

• Computerized
• Scientific
• GPS Navigation

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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User Friendly Technological Advancements

There are a lot of technological advancements in digital maps such as traffic updates, road blocks, updated places of interest, landmarks, and others that make the digital maps more user-friendly. In addition, the increase in competition among the providers of digital map technology is prompting the vendors to increase their product portfolios and to enhance their technology to offer more user-friendly maps to the customers. For instance, Snapchat has launched a new user-friendly feature called "Snap Map", which allows users to see location of their friends and when they post their most recent snaps.

Key Market Players Profiled In The Report

• Apple Inc.
• Google Inc
• HERE
• Micello, Inc.
• TomTom International BV
• MiTAC International Corporation
• ARC Aerial Imaging Limited
• Esri
• Nearmap Ltd.
• MAPQUEST

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Posted by alliedanalytics on Friday September 28 2018, 4:32 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0