Increasing number of smartphone applications that use digital maps for navigation purposes, rising usage of digital maps for real time location
— Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, July 3, 2023/EINPresswire.com/ — The Latest research study released by Emergen Research on “Digital Map Market” with 150+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Generally speaking, the research is gathered from manufacturers, vendors, research papers, product catalogues, and other sources before being further confirmed. In terms of market prediction, industry segmentation, business models, and other criteria, the analysis includes both quantitative and qualitative research. Other elements that define the Digital Map Market industry, such as the competitive landscape, important players, and relevant market strategies and revenue development, are also incorporated in studies to further retain their strategic worth.
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The global digital map market size was USD 22.20 Billion in 2022 and is expected to register a steady revenue CAGR of 14.3% during the forecast period, according to latest analysis by Emergen Research. Increasing number of smartphone applications that use digital maps for navigation purposes, rising usage of digital maps for real time location, and rapid adoption of digital mapping for disaster management are key factors driving market revenue growth.
List of Key Players Profiled in the Digital Map Market Report:
Google, Apple Inc., ESRI, Nearmap, MapQuest, LightBox Holdings, L.P., Mapsted Corp., Caliper Corporation, Orbital Insight, and Geocento
Target Audience of the Global Digital Map Market Report:
Key Market Players.
Small- and medium-sized and large enterprises.
Third-party knowledge providers.
Value-Added Resellers (VARs).
Global market producers, distributors, traders, and suppliers.
Research organizations, consulting companies, and various alliances interested in this sector.
Government bodies, independent regulatory authorities, and policymakers.
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Some Key Highlights From the Report
The services segment accounted for largest revenue share in 2022. This is due to rising number of digital mapping service providers globally and increasing number of digital mapping applications.
The outdoor mapping segment is expected to register a rapid revenue growth rate over the forecast period. Outdoor mapping is widely used by end users, such as travel and transportation, logistics, and others, in form of applications. Outdoor mapping includes mapping of streets, traffic as well as landmarks and therefore it can help users in navigation.
The routing and navigation segment is expected to register a rapid revenue growth rate over the forecast period. This is due to increasing usage of smartphones leading to a surge in numerous smartphone applications, which can help users in routing and navigation. In addition, new technologies such as LiDAR, help in creating 3D mapping, which is also expected to drive market revenue growth.
Market Segmentation Analysis
Players can concentrate on high-growth regions and, if necessary, modify their business plan according to the research report. The Digital Map Market is divided into a variety of categories, uses, and geographical areas. Players gain from the report’s regional segmentation research since it offers pertinent data and insights into important geographic marketplaces.
Component Outlook (Revenue, USD Billion; 2019-2032)
Mapping Outlook (Revenue, USD Billion; 2019-2032)
COVID-19 Impact Analysis
The post-COVID-19 phase has undergone substantial change, and Digital Map Market research highlights the opportunities and difficulties that still exist. This study report thoroughly examines the effects of the COVID-19 pandemic on the global economy and post-pandemic market behaviour.
Objectives of the Report
-To carefully analyze and forecast the size of the Digital Map Market by value and volume.
-To estimate the market shares of major segments of the Digital Map Market
-To showcase the development of the Digital Map Market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Digital Map Market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Digital Map Market
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We carefully examined each division, regional classification, national study, and subject-specific data set during the market research. This Digital Map Market research report’s goal is to look at growth patterns, promising futures, important obstacles, and expected results. Information on significant market participants, strategic alliances, plans, new product launches, and joint ventures are all included in the research.
Key Reasons to Purchase Digital Map Market Report
The reader will be in a position to comprehend and react to marketing strategies like using strengths and conducting a SWOT analysis.
The research looks into the dynamics of the target market and how the conflict between Russia and Ukraine has affected it.
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