Global Digital Map Market to See 12% CAGR through 2023, States KBV Research in Its Cutting-Edge Research Report Published at MarketPublishers.com07 Dec 2017 • by Natalie Aster
LONDON – Nowadays, a digital map, a.k.a. cartography, refers to an electronic map, operating on the basis of combination of graphic elements (assigned to the maps in the form of electronic information).
In the offing, the global digital map market is set demonstrate considerable growth, fueled by a slew of favorable factors including rising adoption of 3D platforms and expanding usage of advanced technologies in surveying and making digital maps. The worldwide market for digital maps will likely amount to the value of USD 7.2 billion by late 2023, posting a 12% CAGR from 2017 till 2023.
However, the market growth could be restrained by several forces, for instance, surging usage of free crowdsourcing digital maps, certain legal challenges and severe government regulation norms.
Apple, ARC Aerial Imaging Limited, ESRI, Google, HEREAOL (MapQuest), Micello, MiTAC Holdings Corporation, Nearmap and TomTom are among the most prominent participants in the global digital map market.
Cutting-edge report by KBV Research, titled “Global Digital Map Market Analysis (2017-2023)”, provides a deep, all-round analysis of the global digital map market as well as presents an insightful overview of the key geographical markets. It examines the market segmentation in detail, discloses reliable data on the market size and shape, observes the market dynamics, covers the key market growth drivers and hinders, traces light on the main ongoing and future possible trends, major challenges and key emerging opportunities. Additionally, an insightful review of the market competitive environment and 10 detailed profiles of the top market participants are at hand in the report. Moreover, a comprehensive future outlook for the world’s digital map market up till 2023 is available here, as well.
To gain access to other topical reports issued by this publisher visit KBV Research online page at MarketPublishers.com.