Know Reasons Why Digital Map Market Sees Momentum in 2020

Digital Map Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Digital Map Market Study" explored CAGR of 15.92%. According to the report, Emergence of Big Data and Cloud Technology in Digital Mapping Solutions is one of the primary growth factors for the market. Increasing Adoption of Mobile Computing Devices for Navigation is also expected to contribute significantly to the Digital Map market. Overall, Real-time Location Data Management applications of Digital Map, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Agriculture, Oil & Gas, and Other Natural Resources, is boosting the Digital Map market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Mapping, such as Outdoor Mapping, is boosting the Digital Map market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Solutions [Mapping Data, Web Mapping, GPS-enabled Services], is boosting the Digital Map market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Digital Map market identified that the demand is rising in many different parts of the world as "Rise in the Usage of 3D Platforms for Digital Mapping ". Furthermore, some recent industry insights like "28th March 2019, TomTom the location technology specialist announced the launch of TomTom GO Premium which assists drivers throughout the journey. It is integrated with features such as IFTTT (If This Then That) integration and powerful navigation and traffic information." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Digital Map market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Map market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Check more with in-depth analysis and forecast of Digital Map market study, Click here

Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales