New York, March 31, 2022 (GLOBE NEWSWIRE)-Reportlinker.com announced the release of the report “Digital Map Market with COVID-19 Impact Analysis by Part, Type of Mapping, Application, Industry Vertical And Regions – Global Forecast to 2026 ” – https://www.reportlinker.com/p05391641/?utm_source=GNW
Digital maps primarily integrate navigation, routing, and other similar capabilities and streamline geospatial services. End-users of digital maps include natural resource companies, logistics partners, government, and homeland security.
Today, most drivers use maps for navigation purposes, such as positioning themselves, planning trips, and deciding on the shortest possible route. However, human driving is expected to be gradually replaced by in-vehicle automated systems, leading to a greater demand for digital maps.
The maps designed for the machines are highly accurate and realistic and provide an exact representation of the roads. These maps are commonly referred to as High-Definition (HD) maps.
The digital map market is expected to grow due to several factors, such as increasing availability of spatial data and analytical tools, growing focus on Business Intelligence (BI), intensifying market competition, and decreasing cost of solutions. Additionally, technological advances, such as the global deployment of 3G and 4G wireless services, have created ubiquitous connectivity. The enhancement of connectivity technologies, coupled with the growing interest in personalizing services based on users ’location information, has boosted the growth of the digital map market. Moreover, realizing cost benefits by deploying solutions for organizational assets that cover both personnel and vehicle tracking and management is expected to drive market growth. COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus. Much less known before the outbreak began in Wuhan, China, in December 2019, COVID-19 moved from a regional crisis to a global pandemic in just a few weeks. The World Health Organization (WHO) declared the COVID-19 pandemic on March 11, 2020. Because this virus is spreading rapidly on a global scale, countries around the world are trying to prevent further infection by taking of measures, such as social distancing, interaction. monitoring, self-quarantining, monitoring, communication, and testing. So far, China, South Korea, Japan, and Singapore, have been able to flatten the curve, while the US, Italy, Spain, Germany, France, and Iran are imposing drastic measures to slow the spread and control the deaths. . Government agencies have announced special financial assistance packages toward the development of preventive and curative drugs, the purchase of critical care medical devices, and the rapid approval of diagnostic examination. Various organizations, such as the Bill and Melinda Gates Foundation and Wellcome Trust, are also accelerating and strengthening efforts to combat the COVID-19 pandemic.
The GPS-Enabled Services solution segment will have the highest CAGR during the forecast period
Through the solutions, the digital map market is split into mapping data, web mapping and GPS Enabled Services. The CAGR of the GPS Enabled Services solution is estimated to be maximum during the forecast period.
Global positioning solutions are primarily defined as a range of services that provide hand-maps that include routing, traffic updates, and other support functions. Automated Driver Help Service (ADAS), automated vehicles, linked mapping, brake assistance, etc. are among the key use case scenarios for GPS-powered services.
The Cross-Platform Support segment held a higher CAGR during the forecast period
The digital map market is segmented by consulting services, Cross-Platform Support and Deployment and integration.The market for Cross-Platform Support is expected to register higher CAGR during the forecast period.
Cross-platform support services help maintain digital map solutions implemented across multiple platforms. In addition, facility inspections, and education, as well as full-time assistance for modern infrastructure map software, are included in maintenance and support services.
In the regions, APAC held the highest CAGR during the forecast period
APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it experiences many new entrepreneur setups, using newer technologies to have a competitive advantage over established players.
China, Japan, and India have presented many growth opportunities in the digital map market.
Destruction of primaries
In -depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various major organizations operating in the Digital map market.
• By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
• By Designation: C-Level Executives: 35%, D-Level Executives: 25%, and Managers: 40%
• By Region: APAC: 25%, Europe: 30%, North America: 30%, MEA: 10%, Latin America: 5%
The report includes a study of the major players offering digital map solutions and services. It profiles major vendors in the digital map market.
Major players in the Digital Map Market include Google (US), Apple (US), TomTom (Netherlands), Nearmap (Australia), ESRI (US), INRIX (US), HERE Technologies (Europe), MapQuest (US) ), LightBox (US), ServiceNow (US), Alibaba Group (China), Inpixon (US), META (US), IndoorAtlas (Finland), Mapsted (Canada).
Scope of Research
Market analysis covers the digital market map in segments. It aims to estimate the market size and the growth potential of this market in different segments, such as components, mapping type, application, vertical, and region.
It includes an in-depth competitive analysis of the major market players, along with their company profiles, key observations related to the products and business offerings, recent developments, and key strategies. market.
Key Benefits of Buying a Report
The report will provide market leaders/new participants in this market with information about the closest estimate of revenue figures for the overall digital map market and its subse segments. This will help stakeholders understand the competitive landscape and gain more insights to position their business and plan appropriate strategies for going to market.
It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, constraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05391641/?utm_source=GNW
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