Digital Map Market 2021 Business Scenario|Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV

The increasing internet penetration and rise in connected devices such as smartphones, tablets, and interactive displays for adoption of map-based applications is likely to witness rapid rise in near future.

Surge in adoption of advanced technologies and 3D platforms for surveying and making digital maps drives the growth of the global digital map market. However, stringent government regulations and legal challenges restrain market growth. Furthermore, a surge in usage of real-time digital maps is expected to provide new opportunities for the market players in the near future.

The global digital map market generated $1.80 billion in 2017 and is estimated to reach $3.67 billion by 2023, registering a CAGR of 12.6% from 2017 to 2023.

The report offers a detailed segmentation of the global digital map market based on usage, functionality, and region.

Based on usage, the outdoor segment contributed to the largest share in 2016, and is estimated to maintain its dominant position during the forecast period. However, the indoor segment is estimated to portray the highest CAGR of 15.0% during the forecast period.

Based on region, North America contributed the highest share, and will maintain its dominance throughout the forecast period. However, Asia-pacific is expected to grow at the highest CAGR from 2017 to 2023.

FREE | Request Sample is Available at: https://www.alliedmarketresearch.com/request-sample/2735

Based on functionality, the GPS navigation segment accounted for the largest share in 2017, and is expected to maintain the largest share throughout the forecast period.

Profiling Key Players: Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV, MiTAC International Corporation, ARC Aerial Imaging Limited, Esri, Nearmap Ltd., and MAPQUEST.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2735

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 1-800-792-5285
Website: https://www.alliedmarketresearch.com/

Release ID: 89035600