BusinessIndustryReports has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Digital Map Market” Research Report 2019 provides an in-depth analysis of the Digital Map with the forecast of market size and growth. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house).The research study examines the Digital Map on the basis of a number of criteria, such as the product type, application, and its geographical presence.
Global Digital Map Market Overview:
The Global Digital Map Market valued approximately USD 8.8 Billion in 2016 is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2017-2025.
The key growth factors such as, increasing use of 3d Platforms and Advanced Technologies, applications of intelligent PDAS in Portable and Smart Devices, increasing use of Geospatial Information, increasing users of Smartphone’s and internet, increasing adoption of Digital Maps among various verticals.
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Continuously increasing the usage of 3D Platforms & Advanced Technologies for surveying and making digital maps drives the growth of the Global Digital Map Market. However, growth in adoption of free crowd sourcing digital maps, stringent regulations, and legal challenges restricts the growth of the market. Rise in adoption of real-time digital maps offers a strong opportunity for the digital map.
Latest Industry News:
TomTom (September 06, 2019) – TomTom Navigation Integrated with Microsoft Connected Vehicle Platform – TomTom (TOM2) today revealed that its navigation has been integrated with the Microsoft Connected Vehicle Platform. Navigation usage and diagnostics data can be sent from vehicles to Microsoft Azure where the data can be used by automakers to generate data-driven insights to deliver tailored services and to make better informed design and engineering decisions. The location intelligence – which also includes traffic information and HD map services – can also be used in vehicles for navigation apps, as well as context while driving autonomously.
Cees van Dok, Chief Product Officer, TomTom, explains: “Our integration with the Microsoft Connected Vehicle Platform means that automakers can get access to precise and reliable navigation and driving behaviour data easily, while of course adhering to privacy principles. This data could, for instance, be used to predict the range of an electric vehicle based on driving behaviour and planned route more accurately; or to work out, based on navigation behaviour, what connectivity package for online navigation would be best suited for a driver. This is a game changer for OEMs.”
In December 2016, TomTom made its location-based services available on Azure, and in February 2019, the two firms announced that TomTom had been chosen as the location data provider for mapping services across Microsoft solutions, including Azure Maps, Bing, Cortana, Windows and future offerings.
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Major Key Players:
Market by Services:
1 Consulting & Advisory
2 Deployment & Integration
3 Support & Maintenance
Region segment: Digital Map Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Digital Map in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Digital Map Market Report 2018
1 Global Digital Map Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Digital Map Market Dynamics
5 Global Digital Map Market, By Component
6 Global Digital Map Market, By Solution
7 Global Digital Map Market, By Services
8 Global Digital Map Market, By Vertical
9 Global Digital Map Market, by Regional Analysis
10 Competitive Intelligence
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