The global digital map market is expected to grow at a CAGR of over 10% over the forecast period. Smartphone proliferation and advancements in digital mapping systems is expected to drive the industry over the forecast period. Digital maps use computer programs and GPS assisting with voice prompts for accurate findings. Such advanced technology has vast application prospects in the field of science, agricultural and defense fields implicating positive industry growth over the next seven years.
These maps are created by collecting and compiling the data and formatting it into a virtual image that provide accurate representation of a particular area and detailed view of a road. Moreover, it provides accurate distance between two places enabling easier navigational activities. Applications can be segmented on the basis of application such as computer applications, scientific applications and GPS navigation systems.
Web based applications such as Google Earth and Google Maps provide a detailed view of the landscape on the surface of the earth along with street views of many places across the globe world. These are used for recreational purposes such as in personal applications for tracking distances or locations. Scientific applications comprise geologic engineering, land surveying, forestry, mining and archaeological activities.
Geologic engineering utilizes such mapping techniques to observe the geologic features, analyze and record them in the field. These features are displayed on personal assistant PDA. The industry can be segmented on the basis of end usage into indoor maps that are further bifurcated as their application in airports, malls, departmental stores and outdoor maps that are subdivided into automotive navigation, mobile and the internet, public sector agencies and enterprises.
GIS, geographic information system is a computer based tool for mapping and analyzing the places and events. It is an important component of the digital map. GIS provides solutions as well as ideas for complex problems. It is used for depicting crop yield and rotation cycles as well as forecasting loss of soil on farms from abrasion or bad use.
The increased application of GIS in city planning to track maintenance, store inventories, and distribution of services furthermore in conservation of the environment for instance in modelling of species and resources, managing forests, showcasing seismic activities by studying geological features project positive growth of the business .
Such maps save time as development of normal maps consume time and cost. Maps that are accessed online making it easier for them to update are often up to date which increases their reliability. Scientists use such mapping techniques to visualize digital modeling/censuses which indicates positive growth in the coming years. The feature of being tailored as per the requirement of the user such as change of perspective, change in scale makes it a preferable choice for the upcoming market trends i.e. increasing globalization.
The digital maps are expected to be used as an educational tool in the geography classrooms in the coming years. The maps produced by MAPTRIX educated the user about how to interpret the map and its various uses. Such new technological advancements are expected to increase the rate of growth of the market.
The potential of digital maps to be integrated and connected to technology operated system such as credit card transaction, GPS and cell-phone operations holds huge potential for the expansion of the market. However, easy accessibility to one’s information may result in violation of privacy. The ease of accessing all kinds of information by means of 3D visualization makes it a preference for many.
The increasing use of smartphones in the recent years is a favorable trend for the development of the business. Consumers largely rely on the mapping applications such as Google Maps and City mapper for locations and directions or for finding places such as restaurants, banks, ATMs or gas stations.
For the travel industry as well such advanced mapping technique is opening new perspectives whereby new destinations can be explored, a person can be tracked in case they are lost. Asia Pacific is expected to showcase the highest growth rate due to increased use of technology and rising economic outlook in this region. Emerging countries such as India, China and Brazil are expected to hold significant place as the key region in the coming seven years.
The Indian Space Research Organization (ISRO) has recently announced their plans to bring in their own indigenous GPS systems across various platforms and to be used exclusively for navigation and GIS applications. Bhuvan, the geo-platform for ISRO offers digital maps of the Indian subcontinent for various applications including climate & environment, thematic services, disaster services, ocean and GIS services.
Key industry players include ArcGIS Online, Apple Inc, AutoNavi Holding Ltd, Bing Maps, Bhuvan and Baidu Maps, GeoMap Server, Map Quest, Near Map, OpenStreet Map and Road Trippers.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.