CHICAGO, Aug. 27, 2019 /PRNewswire/ -- According to a new market research report "Digital Map Market by Component, Mapping Type (Outdoor and Indoor), Application (Real-time Location Data Management, Geocoding and Geopositioning, Routing and Navigation, and Asset Tracking), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Digital Map Market size is projected to grow from USD 13.9 billion in 2019 to USD 29.4 billion by 2024, at a CAGR of 16.2% from 2019 to 2024. Major growth drivers for the market include the growing adoption of mobile computing devices for navigation.
Browse in-depth TOC on "Digital Map Market"
44 – Tables
31 – Figures
111 – Pages
Request PDF Brochure:
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.
Inquiry Before Buying:
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.
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).
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Location Type (Indoor and Outdoor), Software (Geocoding and Reverse Geocoding, Location and Predictive Analytics), Hardware, Service, Vertical, and Region - Global Forecast to 2023
Location Analytics Market by Component (Solutions and Services), Location Type (Indoor Location and Outdoor Location), Application (Remote Monitoring, Risk Management), Vertical (Retail, Media and Entertainment), and Region - Global Forecast to 2024
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, "Knowledge Store" 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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
MarketsandMarkets™ Blog: https://mnmblog.org/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/digital-map-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/digital-map.asp