Press release
Digital Map Market may reach to $29.4 billion by 2024
Digital Map Market
Browse 68 market data Tables and 31 Figures spread through 111 Pages and in-depth TOC on "Digital Map Market”
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/digital-map-market-174129746.html
Routing and navigation application to hold a larger market size during the forecast period
The routing and navigation application is one of the widely adopted applications of digital maps. With smart city initiatives, a large number of cities and other governing bodies are promoting wide-scale adoption of digital maps through various integrated platforms, such as ride-sharing, routing updates, traffic conditions, and weather monitoring.
Infrastructure Development and Construction Vertical to Hold the Largest Market Size During the Forecast Period
Digital map solutions play an essential role in the construction and engineering companies, as they support all phases of the infrastructure life cycle. Moreover, these solutions help construction engineers manage and share data, generate reports, and visualize territory data, which can be analyzed and communicated to others.
North America to hold the largest market size during the forecast period
North America is witnessing advancement in mapping technology and the presence of tech giants, such as Google, Apple, Mapbox, DigitalGlobe, and Magellan, which are the main contributors to the growth of the digital map market in the region. Growing adoption of digital map solutions in various industries, such as automotive, energy and utilities, government and defense, and transportation, to achieve submeter accuracy is contributing to the growth in this region.
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Market Players
Major vendors covered in the digital map market include Google (US), TomTom (Netherland), Esri(US), Here (Netherland), Digital Map Products Inc.(US), Nearmap(Australia), Magellan(US), Apple (US), Mapquest (US), Intrix (US)., Yahoo(US), AutoNavi (China), MapWise (France), Jibestream (Canada), Indoor Atlas (Finland),and Mapillary (Sweden).
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