Digital Map Market to Witness a Pronounce Growth by Competitor Analysis | Esri, Google, TomTom International BV, Mapbox, DigitalGlobe, Digital Map Products, Inc., HERE, CE Info Systems Pvt. Ltd., Microsoft, Apple Inc. and Others
Global Digital Map Market is expected to rise to an estimated value of USD 34.41 billion by 2026, registering a healthy CAGR of 17.50% in the forecast period of 2019-2026.The growing need of 3D platform and advancement in digital map technology are major reason for the growth of this industry.
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Global Digital Map Market Competitive Analysis:
Global digital map market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital map market for global, Europe, North America, Asia Pacific and South America.
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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This global market research report has complete overview of the market, covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. Global Digital Map Market business market research report help you stay up-to-date about the entire market and also offer holistic view of the market. Global Digital Map Market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios. Global Digital Map Market report is a reliable source of market information for your business which helps you with better decision making and outline better business strategies.
Digital map is an electronic or cartography is specially designed to represent particular road and geographical locations. It collects data through virtual image. It is more accurate than a printed map, and is scalable. These maps can also be used to calculate distance between different places.
• Rapid use of smart phones and increasing internet users has driven the market for digital maps.
• Increasing prevalence of intelligent PDAS in smart devices is driving market growth.
• Rising demand of digital maps from various verticals is another important factor driving the market growth
• Increase in smartphone penetration with variant operating systems
Global Digital Map Market Major Competitors/Players:
Few of the major competitors currently working in the global digital map market are:-
• TomTom International BV,
• Digital Map Products, Inc.,
CE Info Systems Pvt. Ltd., Microsoft, Apple Inc., Zenrin USA, Inc, MapSherpa, AND, Nearmap, INRIX, MapQuest, OpenStreetMap , Living Map, AutoNavi, MiTAC Holdings Corp and others.
Key Developments in the Market:
• In December 2018, Indigo Ag, Inc. U.S. based aims at harnessing nature to help farmers sustainably feed the planet recently announced its acquisition with TellusLabs, a leader in satellite technology and artificial intelligence. This will benefit Indigo Ag. Inc. in advancing its product portfolio, expanding its boundaries, able to serve better with transparency, expand the scope of agricultural intelligence platform and being in advancement in technology.
• In July 2017, Digital Map Products, Inc. major player in in geospatial mapping technology and intelligence announced its acquisition with DMTI Spatial, Canada based market leader in location intelligence and data quality. This acquisition will benefit Digital Map products Inc. in building geospatial mapping technology network, strengthen its blue-chip client base, strengthening its products and widen its geographical boundaries.
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