According to IMARC Group’s latest report, titled “Digital Map Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global digital map market share to continue its strong growth during the next five years.
A digital map is a web-based software solution representing a specific road, area, or geographical location. It is created virtually by collecting and formatting data into an image using digital formatting and are presented on a digital interface. Several graphical elements are incorporated to obtain information on water bodies, roads, and significant landmarks in a particular area. Digital map calculates distances between different places and offers various benefits, such as scalability, accuracy, real-time information, interaction, and compact operation systems. As a result, these maps have numerous applications in smart parking, location tracking, traffic and congestion intelligence, navigation, and logistics management.
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Rapid urbanization, along with the rising penetration of mobile computing devices for navigation, including 3D platforms, is augmenting the market growth. The increasing penetration of advanced technologies that utilize visualization, simulations, and dynamic location-based inputs is also propelling the demand for digital maps. Furthermore, the rising adoption of digital maps in the civil engineering sector to visualize territorial data for infrastructural planning and implementing adequate safety measures in buildings is also aggravating the market growth. Additionally, numerous technological developments have led to the integration of cloud technology and big data in digital mapping solutions. Moreover, the advent of real-time digital maps in passenger and commercial vehicles, along with the rapid development of user-friendly platforms, is further anticipated to drive the digital map market.
Digital Map 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of type, usage, solution, deployment mode, application, end-use industry and region.
Breakup by Type:
Breakup by Usage:
Breakup by Solution:
Breakup by Deployment Mode:
Breakup by Application:
Breakup by End-Use Industry:
Breakup by Region:
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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