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Digital Map Market Is Expected To Grow At A CAGR Of 11.07% By 2018 : Radiant Insights,Inc

San Francisco, May 18, 2016 (GLOBE NEWSWIRE) -- The worldwide digital map market is experiencing considerable change in map building. All map suppliers are now shifting from traditional maps to highly featured maps. These maps include venue maps, 3D maps, street maps and 360- degree view maps. This has positively affected the market growth in the recent times.

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The digital map market is likely to grow at a CAGR of 11.07% over the forecast period. Digital maps demand has been increased considerably. Digital maps assist users to streamline their business process. Process are supply chain, procurement, employee satisfaction, Storage and processing. These maps have promoted efficiency and are likely to work more proficiently over the forecast period. These maps are integrated across verticals. There are two types of maps, indoor and outdoor. Outdoor maps comprise mobile and internet, public sector enterprise and agencies and automotive navigation.

Digital maps are used in technologies including foursquare, Google earth, Google maps and global posting system. Also, GPS satellite networks are majorly used in automotive navigation system. Over the past few years, digital maps have faced several technological advancements. These include landmarks, traffic updates and road blocks. In addition, this has made digital maps more efficiency and user friendly.

AutoNavi and TomTOm are the key map sources. Moreover, Growing Adoption of digital maps and advanced technology are the key drivers in digital map market expansion. Vendors are increasing their product portfolio owing to the rising competition in the market. Also, enhancement of technology to provide more user friendly maps to the customers is boosting the digital map market growth.

Motorized stations are GPS technologies being adopted in place of mechanical and optical instruments used as surveying. New technological trends in digital map market comprise huge coverage on remote areas and real time basis technology.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Digital Map market for the period 2014-2018. To calculate the market size, the report considers revenue generated from the annual sales of digital map licenses. It considers indoor and outdoor digital maps.

For the Outdoor Digital Map segment, the report considers the revenue generated from digital maps used in automobile navigation, on mobiles and the internet, and in the public sector and in enterprises.

For the Automobile sector, the report covers the revenue generated from digital maps used for in-dash navigation systems, for aftermarket navigation solutions, and vehicle connectivity solutions.

For the Mobile and Internet segment, the report covers the revenue generated from digital maps on smartphones, tablets, wearable devices, and PNDs.

The report also presents a vendor landscape and a corresponding detailed analysis of the seven key vendors in the Global Digital Map market. In addition, the report discusses the major drivers that influence the growth of the Global Digital Map market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

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Key Regions

  • APAC
  • Americas
  • EMEA

Key Vendors

  • Apple Inc.
  • AutoNavi Holdings Ltd.
  • Google Inc.
  • HERE (Nokia Corp.)
  • Micello Inc.
  • NavInfo Co. Ltd.
  • TomTom NV

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Source: Radiant Insights