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Sep 16, 2020 5:40 PM ET

Global Digital Map Market Size will Escalate Rapidly in the Near Future | Industry Forecast Report by 2027


iCrowd Newswire - Sep 16, 2020

Digital map also called as digital cartography. It is process of making interactive maps on digital platform. Digital map is an electric map which operates on the basis of combined graphic elements assigned to it in the form of electronic information. This process involves the collection and complication of data that in turn produces virtual images.

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For a better understanding of the Digital Map market, a better grip over the macroeconomic and microeconomic factors is needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.

Market Drivers

Increase in adoption of mobile computing devices for navigation is the key driving factor which is expected to boost the global digital map solution market growth. Furthermore, increase in internet penetration and adoption of map-based applications will positively contribute the market growth. Also, the ongoing migration from personal navigation devices to consumer centric applications is expected to propel the global digital map market growth. Moreover, Rapid integration of geomatics systems such as GPS (Global Positioning System), mapping, and imagery, wherein key players would increasingly try to launch multi-platform applications which is expected to drive the market growth over the forecast period.

Market Restraints

However, a privacy and security concern is the major challenging factor which is expected to hinder the global digital map market growth. Also, lack of expertise and skilled professionals in digital mapping solutions as well as stringent regulatory policies will affect the market growth during this analysis period.

Market Key Players

Various key players are discussed in this report such as Google, TOMTOM,  ESRI, Here, Digital Map Products, Nearmap,  Magellan, Apple, MapQuest, Inrix, and Yahoo

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Market Taxonomy

By Type

By Usage

By Service

By End Use

By Region

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Keywords:    Digital Map Market Size,Digital Map Market Share,Digital Map Market Growth,Digital Map Market Analysis,Digital Map Market Forecast,

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