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<strong>Digital</strong> <strong>Map</strong> <strong>Market</strong> <strong>Key</strong> <strong>Players</strong> <strong>2025</strong> | <strong>Industry</strong> <strong>Overview</strong> <strong>and</strong><br />
<strong>Supply</strong> <strong>Chain</strong><br />
“Global <strong>Digital</strong> <strong>Map</strong> <strong>Market</strong> report includes in-depth analysis of industry by<br />
recent technologies, trends, opportunities, challenges, key players <strong>and</strong><br />
business strategies considering types, segment <strong>and</strong> future outlook.”<br />
Global <strong>Digital</strong> <strong>Map</strong> <strong>Market</strong> is anticipated to reach USD 8.76 billion by <strong>2025</strong>. <strong>Digital</strong> map implies<br />
virtual images formed by configuring <strong>and</strong> gathering data into an image. It is also termed as<br />
“Cartography”. The technique of structuring <strong>and</strong> gathering data into a virtual image is termed<br />
as “<strong>Digital</strong> Formatting”. <strong>Digital</strong> mapping refers to the technique wherein data is gathered to<br />
produce maps, in the form of virtual images that indicates a certain geographical area, the rivers,<br />
main roads, <strong>and</strong> numerous significant l<strong>and</strong>marks such as airports, hospitals, <strong>and</strong> tourists from a<br />
specific region. <strong>Digital</strong> mapping technology is used to calculate distances between different<br />
places.<br />
The factors that propel the growth of the <strong>Digital</strong> <strong>Map</strong> industry include the increasing adoption<br />
of innovative technology in surveying <strong>and</strong> making maps <strong>and</strong> rising adoption of digital maps in<br />
industries. The increase in competition among the suppliers of digital mapping is encouraging<br />
the retailers to upsurge their product portfolios <strong>and</strong> improve their skill to offer user-friendly<br />
maps to the clients. On the other h<strong>and</strong>, the factors that may hamper the growth of the market<br />
include high investment in data collection.<br />
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<strong>Digital</strong> <strong>Map</strong> <strong>Market</strong> is anticipated to grow at a significant CAGR of 11.5% in the upcoming period<br />
as the scope, product types, <strong>and</strong> its applications are increasing across the globe. The market<br />
may be analyzed by technology, usage, application, functionality, <strong>and</strong> geography. Also, the<br />
market may be analyzed by technology as LiDAR, GIS, Aerial Photography, <strong>Digital</strong><br />
Orthophotography, <strong>and</strong> Others. The “LiDAR <strong>and</strong> orthophotography” segment surpassed the<br />
digital map industry in 2016 <strong>and</strong> is anticipated to maintain its dominance by <strong>2025</strong> owing to<br />
infrastructure development in several regions in the globe, disaster management, <strong>and</strong> reducing<br />
the costs associated with supply chain & logistics management.<br />
The market may be analyzed by usage as Outdoor, <strong>and</strong> Indoor. The “Outdoor Usage” segment<br />
surpassed the market <strong>and</strong> is anticipated to maintain its dominance by <strong>2025</strong> owing to growing<br />
dem<strong>and</strong> from indoor location-based facility providers. <strong>Digital</strong> <strong>Map</strong> <strong>Market</strong> may be analyzed by<br />
service as Development, Consulting, <strong>and</strong> Management. The “Development” segment surpassed<br />
the market <strong>and</strong> is anticipated to maintain its dominance by <strong>2025</strong> due to dem<strong>and</strong> from locationbased<br />
solutions <strong>and</strong> services.<br />
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https://www.millioninsights.com/industry-reports/digital-map-market<br />
<strong>Digital</strong> <strong>Map</strong> industry may be analyzed by application as Retail <strong>and</strong> real estate, Construction <strong>and</strong><br />
engineering, Energy <strong>and</strong> utilities, Government <strong>and</strong> defense, Logistics, travel, <strong>and</strong> transportation,<br />
Automotive, <strong>and</strong> Others (telecom <strong>and</strong> IT, BFSI, <strong>and</strong> media <strong>and</strong> entertainment,). The market may<br />
be analyzed by Functionality as GPS Navigation, Scientific, <strong>and</strong> Computerized. Asia-Pacific<br />
accounted for the major share of the <strong>Digital</strong> <strong>Map</strong> <strong>Market</strong> Size in 2016 <strong>and</strong> will continue to lead<br />
in the forecast period. The factors that could be attributed to the growth include increase in use<br />
of smartphones <strong>and</strong> with respect to geospatial information.<br />
Some of the key players that fuel the growth of the digital map industry comprise AutoNavi<br />
Holding Ltd., Yahoo! <strong>Map</strong>s, Apple Inc. Google Inc., Tom Tom NV, Micello Inc., NavInfo Co. Ltd.,<br />
Zenrin, Bing <strong>Map</strong>s, ArcGIS Online, WoNoBo, <strong>Map</strong>Sherpa, Geo<strong>Map</strong>server, <strong>Map</strong>Quest, Near<strong>Map</strong>,<br />
OpenStreet<strong>Map</strong>, Inrix, <strong>Map</strong>ion, Road trippers, <strong>Map</strong>py,<strong>Map</strong>myIndia, ViaMichelin, Wiki<strong>Map</strong>ia,<br />
Baidu <strong>Map</strong>s, <strong>and</strong> Bhuvan Magellan Navigation. The leading companies are taking up
partnerships, mergers <strong>and</strong> acquisitions, <strong>and</strong> joint ventures in order to boost the inorganic<br />
growth of the industry.<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/technology<br />
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