openPR Logo
Press release

Digital Map Market Projected to reach $20.36 billion by 2023 | Key players include Google, Tomtom, Digitalglobe, Microsoft and Nearmap

06-13-2019 02:01 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

Digital Map Market Projected to reach $20.36 billion by 2023 | Key

According to recent research "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 70 market data Tables and 51 Figures spread through 152 Pages and in-depth TOC on "Digital Map Market”
https://www.marketsandmarkets.com/Market-Reports/digital-map-market-174129746.html?utm_source=Openpr

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).

Ask for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=174129746&utm_source=Openpr

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).

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Map Market Projected to reach $20.36 billion by 2023 | Key players include Google, Tomtom, Digitalglobe, Microsoft and Nearmap here

News-ID: 1774555 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Map

Map It Media, Putting Businesses On The Map
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724359984.png Map It Media: Your Go-To Full-Service Business Solution In today's fast-paced digital landscape, businesses of all sizes are constantly seeking ways to enhance their online presence and streamline operations. Enter Map It Media, a full-service business solution that caters to the needs of both small businesses and large enterprises alike. With a mission to "put you on the map," Map It Media offers a comprehensive suite of services designed to
Digital Map Market Still Has Room to Grow | Emerging Players Google, Digital Map …
Global Digital Map Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved
Digital Map Market Revenue, Facts, Statastics By DigitalGlobe, Digital Map Produ …
Digital Map Market research report is a resource that makes available current as well as upcoming technical and financial details of the industry. The report not only takes into consideration all the market drivers and restraints which are derived from SWOT analysis but also gives all the CAGR projections for the historic year 2018, base year 2019 and forecast period. This industry analysis report speaks in detail about the manufacturing process,
Digital Map Market 2019 Precise Outlook –Magellan, Yahoo, Automotive Navigatio …
The Digital Map Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Get Sample Copy of this
Digital Map Market : A Well-Defined Technological Growth Map With An Impact Anal …
GLOBAL DIGITAL MAP MARKET SIZE, STATUS AND FORECAST 2020-2026 The report provides a unique tool for evaluating the Digital Map Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends to identify emerging technologies and developments, and focuses on markets capacities
Digital Map Market Outlook to 2027 - ESRI, TOMTOM, Google, Mapbox, Digital Map P …
An off-the-shelf report on Digital Map Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals,