DUBLIN--(BUSINESS WIRE)--The "Digital Maps - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Digital Maps estimated at US$11.7 Billion in the year 2020, is projected to reach a revised size of US$34.6 Billion by 2027, growing at a CAGR of 16.7% over the period 2020-2027.
Solution, one of the segments analyzed in the report, is projected to record 16.9% CAGR and reach US$25.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Service segment is readjusted to a revised 16.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 16.1% CAGR
The Digital Maps market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15% and 14.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.
Select Competitors (Total 41 Featured):
- Apple, Inc.
- Automotive Navigation Data (AND)
- Autonavi
- Digital Map Products, Inc.
- Digital Mapping Solutions (DMS)
- DigitalGlobe
- Esri
- Google LLC
- HERE Global BV
- Inrix, Inc.
- Living Map.
- Magellan Digital Mapping
- Mapbox
- Mapman Ltd.
- Mapmyindia
- Mapquest, Inc.
- Mapsherpa
- Microsoft Corporation
- NavInfo Co., Ltd.
- Nearmap Australia Pty Ltd
- Openstreetmap
- TomTom International BV
- Yahoo!, Inc.
- Zenrin Co., Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- Global Market Prospects & Outlook
- Innovative Solutions to Sustain Market Demand
- Increase in Smart PDAs Adoption to Drive Market Demand
- Increased Reliance on Geographic Information: A Market Driver
- Broad Range of Applications to Support Market Growth
- Digital Orthophotography: As a Powerful Source to Extract Geo and Spatial Information
- Increase in Application Across Construction and Engineering Sector to Drive Market Growth
- Increase in Indoor Mapping to Sustain Market Growth
- GIS for Emergency Management
- Application in Transportation Segment to Boost Market Prospects
- Application in Transportation Segment to Boost Market Prospects
- Growth in Population Size: A Market Driver
- Utilities to Drive Market Growth
- Application in Wide Range of Segments Augurs Well for the Market Demand
- Communications Sector
- Land Ownership/Administrative
- Environment
- Imagery
- Regulatory and Legal Policies Set to limit Digital Mapping Technology Market Prospects
- Dearth of Skilled Workforce: A Market Dampener
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/364avj
