About Digital Map Software
A digital map is an electronic map system, primarily designed for representing a particular road, area, or any specific geographical location. It includes major rivers; tourist attractions; and important landmarks such as airports, hospitals, etc.. It is built on a combination of graphic elements that are assigned to it in the form of electronic information. It is more accurate than a printed map and can be easily updated.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is fragmented due to the presence of many vendors. With the growing market competition, key vendors are expected to compete on new product developments by adopting new technologies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Map Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc.(United States), Google Inc (United States), Micello, Inc. (United States), TomTom International BV (Netherlands), MiTAC International Corporation (Taiwan), Here Technologies (Netherlands), ARC Aerial Imaging Limited (United States), Esri (United States), MAPQUEST (United States) and Nearmap Ltd.( Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Map Software market by Type (Computerized, Scientific and GPS Navigation), Application (Airports, Malls, Departmental Stores, Automotive Navigation, Mobile and The Internet, Public Sector Agencies and Enterprises) and Region.
On the basis of geography, the market of Digital Map Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mapping Type, the sub-segment i.e. Outdoor Mapping will boost the Digital Map Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution/Service Type, the sub-segment i.e. Solution [Mapping Data, Web Mapping, GPS-enabled Services] will boost the Digital Map Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rising Adoption of Mobile Computing Devices for Navigation, Wide Adoption of 3D Platforms and Advanced Technologies for Surveying and Digital Map-Making Drives the Digital Map Market and Significant Growth in the Use of Geospatial Information
Challenges:
User Privacy and Security Concerns and Shortage of Expertise and Skilled Professionals
Restraints:
Legal and Regulatory Policies Limiting the Development of the Digital Mapping Technology
Opportunities:
Rising Demand for Real-Time Mapping of Data and Emergence of Cloud Technology and Big Data in Digital Mapping Solutions
Market Leaders and their expansionary development strategies
In September 2023, Esri Canada, the leading provider of geographic information systems (GIS), has acquired of Ratio. This acquisition expands Esri Canada’s community planning solutions portfolio, enabling customers to better collaborate within the land development and planning community, and accelerating the design and approval of more affordable housing.
In February 2023, Esri has launched new ArcGIS Reality digital twin software.This new release enables accurate 3D mapping to form the basis of digital twins for whatever size project a professional may need, looking at something as small as a single job site to potentially as large as an entire nation.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Map Software Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.