Electronic Map Market is expected to reach USD 29.4 billion by 2024
Published | October 2019
According to BlueWeave Consulting, the Global Electronic Map Market is anticipated to grow at a steady rate during the forecast period. The Global Electronic Map Market size is expected to grow from USD 13.9 billion in 2019 to USD 29.4 billion by the year 2024, at a CAGR of 16.2% during the forecast period 2019 to 2024. The Global Electronic Map Market is growing owing to various factors.
Electronic mapping is additionally discovering recharged request in the administration and open part as the interest for ecological and topographical data frameworks is on the ascent. Besides, the need to keep up a refreshed data framework for law authorization authorities, resistance powers, and neighborhood overseeing bodies in light of ongoing synthetic and regular dangers is foreseen to impel the interest for maps. The development in the quantity of associated and semi-self-ruling vehicles, foreseen improvements in self-driving and route innovation, and an expansion in the general number of automotive in creating nations are relied upon to drive the development for electronic maps over the globe.
Smooth collaboration among maps and data frameworks is one of the most significant criteria for item accomplishment in the market attributable to which merchants are required to concentrate more on information mix over the gauge time frame. As the business develops, key players are foreseen to enjoy mergers and acquisitions so as to stay up to date with the market advancements and keep up an aggressive edge in a quickly developing innovative scene.
Routing and navigation application to hold a bigger market share in the global electronic map market during the forecast period
The Routing and navigation application is one of the broadly received utilization of electronic maps. With brilliant city activities, an enormous number of urban areas and other overseeing bodies are advancing wide-scale selection of electronic maps through different incorporated stages, for example, ride-sharing, directing updates, traffic conditions, and climate observing.
Infrastructure development and construction vertical to hold the largest market share in the global electronic map market during the forecast period
Electronic map arrangements assume a fundamental job in the development and designing organizations, as they bolster all periods of the framework life cycle. Besides, these arrangements help development specialists oversee and share information, create reports, and visualize area information, which can be dissected and imparted to other people.
The North American region holds a significant share in the global electronic map market during the forecast period
North America is seeing the progression in mapping innovation and the nearness of tech mammoths, for example, Mapbox, DigitalGlobe, Google, Apple, and Magellan, which are the primary supporters of the development of the electronic map market in the area. Developing appropriation of computerized map arrangements in different ventures, for example, car, vitality and utilities, government and guard, and transportation, to accomplish submeter exactness is adding to the development in this area. The major players in the Global Electronic Map Market include prominent names like Magellan(US), Apple (US), Mapquest (US), Intrix (US)., Yahoo(US), AutoNavi (China), MapWise (France), Jibestream (Canada), Indoor Atlas (Finland), and Mapillary (Sweden), Google (US), TomTom (Netherland), Esri(US), Here (Netherland), Digital Map Products Inc.(US), Nearmap (Australia), among others.
Global Electronic Map Market: Competitive Insight
The major players in the Global Electronic Map Market include prominent names like Magellan(US), Apple (US), Mapquest (US), Intrix (US)., Yahoo(US), AutoNavi (China), MapWise (France), Jibestream (Canada), Indoor Atlas (Finland), and Mapillary (Sweden), Google (US), TomTom (Netherland), Esri(US), Here (Netherland), Digital Map Products Inc.(US), Nearmap (Australia), among others.
Browse Detailed Analysis with TOC, “Global Electronic Map Market, by Mapping Type (Indoor and Outdoor), by Application (Geocoding and Geopositioning, Real-time Location Data Management, Asset Tracking, and Routing and Navigation), by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Market Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2015-2024”
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of global Electronic Map market size & forecast. The report promises to provide state-of-the-art of Electronic Map production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.