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Digital Map Market - The Automotive and Internet-Enabled Smartphone Sectors
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Increase in the adoption of digital mapping technology in connected and semi-autonomous cars and Internet-enabled smartphones and portable devices is expected to boost the digital map market in the coming years. Moreover, increase in the use of geospatial information is fueling demand for digital maps across regions. Furthermore, increased presence of a number of digital map manufacturers and post-sale service providers across regions has led to a subsequent rise in demand for digital maps. This is likely to segment the growth of the market during the forecast period.
In terms of digital map systems, both North America and Europe are mature regions of the market, owing to high awareness about digital mapping among users and technological development. However, the market in Asia Pacific is expected to expand at a robust pace during the forecast period. Rise in penetration of technology as well as significant investments in the connected and semi-autonomous cars industry across countries such as the U.S., the U.K., Germany, France, China, and Brazil among others are anticipated to offer lucrative opportunities for digital map providers in the near future.
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Based on type, the global digital map market has been segmented into software solutions, maps (data), and services. The software solutions segment held a significant market share and is anticipated to remain dominant over the forecast period in terms of revenue. The segment has been further divided into web-based, desktop, and mobile app. The web-based sub-segment accounted for a prominent market share globally, followed by the mobile app sub-segment in terms of revenue. However, the mobile app sub-segment is expected to expand significantly over the forecast period owing to a rise in the number of GPS-enabled smartphone users.
The software solutions segment is also projected to expand rapidly in the coming years due to the growing popularity of the solutions among professional users. The report includes analysis of the digital map market by region, segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Based on application, the outdoor maps segment accounted for a major share of the global market in 2017, followed by the indoor navigation/positioning segment. The outdoor maps segment of the global digital maps market has been further categorized into automotive, mobile & Internet, government & utilities, real estate/construction, and others. As per the research study, the automotive segment accounted for a leading market share in 2017 and is expected to retain its dominance over the forecast period. This is due to strong demand for connected and semi-autonomous cars built with self-driving and navigation technology. However, the mobile & Internet segment is projected to expand at a significant pace between 2018 and 2026, owing to a rapid rise in the number of smartphone users around the world.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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