According to new market research report "Digital Map Market by Component
(Solution (Tracking and Telematics, Catchment Analysis, Risk Assessment and
Disaster Management, Route Optimization and Planning, Geo-Analytics and
Visualization) and Service), Vertical, and Region - Global Forecast to
2023",
The global digital map market size is expected to grow from USD 9.26 Billion in
2018 to USD 20.36 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of
17.1% during the forecast period.
The major factors driving the growth of the digital
map market include an increasing use of 3D platforms, advanced technologies,
intelligent PDAs in portable and smart devices, geospatial information, and
digital maps across verticals.
Browse and
in-depth TOC on “Digital Map Market”
70
- Tables
51
- Figures
152
- Pages
The risk assessment and disaster management solution
segment is projected to grow at the highest CAGR during the forecast period.
Digital map solutions support the mapping and
tracking of natural disasters, such as hurricanes, earthquakes, and volcano
eruptions, which may have an immediate impact on the human health as well as a
secondary impact, causing further death and suffering. Additionally, they
assist in tracking environmental emergencies, such as forest fires caused by
humans, and technological and industrial accidents usually involving the
production, use, or transportation of hazardous materials. Digital map
solutions for risk assessment provide flood maps and information, tools to
better assess the risks from flooding, and precautionary planning information
to help communities take actions to reduce flood risks.
The deployment and integration service segment is
estimated to hold the largest market size in 2018.
Deployment and integration services help ensure a
satisfactory user experience for digital maps, adhere to IT standards, and
maintain budgetary guidelines. Deployment and integration service providers
understand the requirements of companies across verticals and accordingly
deploy digital map solutions. Service providers also design customized services
based on clients’ needs and budget to manage workflows and offer ease of use to
customers and employees.
The automotive vertical is projected to grow at the
highest CAGR during the forecast period.
Automotive companies are some of the largest users
of the digital map technology. This can be attributed to the growing interest
of automakers in connected and self-driven cars. Digital maps offer various
features that provide information on driving lanes, emergency lanes, parking
areas, crossings, intersection areas, intersection lanes, lane markings, and
traffic signs. Enterprises in the automotive vertical are rapidly adopting
digital map solutions to use them in self-driving cars. Digital maps and GIS
assist in the mapping of self-driving cars in real time. Automotive
applications also include fleet management, logistics control systems, and
Advanced Driver Assistance Systems (ADAS).
North America is estimated to hold the largest
market size in 2018.
In North America, digital maps are extensively used
across verticals, such as automotive; energy and utilities; government and
defense; and logistics, travel, and transportation. These verticals use the
mapping technology to devise business strategies, check the feasibility of
products, test the geographic conditions that affect the market, and assist in
the process of decision-making. The demand for real-time information and
real-time modeling is estimated to increase in the coming years, which is
expected to have a positive impact on the digital map market.
Major vendors in the digital map market include Esri
(US), Google (US), TomTom (Netherlands), Mapbox (US), DigitalGlobe (US),
Digital Map Products (US), HERE (Netherlands), MapmyIndia (India), Microsoft
(US), NavInfo (China), Nearmap (Australia), Magellan (US), Apple (US), MapQuest
(US), AutoNavi (China), Yahoo (US), INRIX (US), Mapmechanics (UK), ZENRIN
(Japan), MapSherpa (Canada), OpenStreetMap (UK), Living Map (UK), Automotive
Navigation Data (Netherlands), MapMan (UK), and Digital Mapping Solutions (Australia).
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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