DUBLIN--(BUSINESS WIRE)--The "Digital Map Market by Component (Solution (Tracking and Telematics, Catchment Analysis, Risk Assessment and Disaster Management, Route Optimization & Planning, Geo-Analytics and Visualization) & Service), Vertical & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global digital map market is expected to grow from USD 9.26 billion in 2018 to USD 20.36 billion by 2023, at a CAGR of 17.1% during the forecast period
An increasing use of 3D platforms, advanced technologies, intelligent PDAs in portable and smart devices, geospatial information, and digital maps across verticals is a major factor contributing to the growth of the global digital map market. Growing use of free crowdsourcing digital maps and stringent government regulations in mapping territory data are major restraints to the growth of the digital map market.
Route optimization solutions are used for determining the most cost-efficient routes. The major factors considered for finding the most optimized routes include the number of turns or intersections, left-hand turns (crossing the line of traffic), nearest driver to dispatch to the route, and traffic congestion. Route optimization solutions are used in the retail sector to optimize the delivery route.
For instance, CACI (allmapdata), a digital map provider, designed a solution for Tesco, Britain's largest grocery home shopping retail business, and helped it in business expansion. CACI handled the daily scheduling of Tesco's fleet of home delivery vehicles and helped in route optimization and planning. Additionally, it provided mapping to support the expansion of Tesco's home delivery services into continental European markets, such as the Czech Republic and Slovakia.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Digital Map Market, By Component
7 Digital Map Market, By Solution
8 Digital Map Market, By Service
9 Digital Map Market, By Vertical
10 Digital Map Market, By Region
11 Competitive Landscape
12 Company Profiles
- Digital Map Products
- Living Map
- Automotive Navigation Data
- Digital Mapping Solutions
For more information about this report visit https://www.researchandmarkets.com/research/stcktw/digital_map?w=4