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Digital Map Market Is Projected to Reach USD 84.4 billion by 2032 | Geocento, Geospin, Google, Apple, TomTom
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Key Drivers
There are numerous drivers for the digital map market, but a few of the key ones are:
1. Increasing demand for location-based services: As more and more people use smartphones and other devices that are equipped with GPS, there is a growing demand for location-based services such as mapping, navigation, and local search.
2. Advances in technology: The ever-increasing capabilities of digital devices and sensors, along with the declining cost of storage and computing power, have made it possible to create ever-more detailed and accurate digital maps.
3. Growing use of maps in business: Businesses of all types are using maps more and more to visualize data, track assets, and better understand their customers and markets.
4. Government initiatives: Governments around the world are investing in digital mapping projects to improve infrastructure planning and management, as well as to provide better access to public information.
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Key Market Segments
The digital map market bifurcated on the basis of component, functionality, application, end user and region. By component, it is divided into solutions and services. By functionality it is categorized into computerized, scientific, and gps navigation. By application, it is analyzed across routing and navigation, assset tracking, reverse geocoding, and others. By end user, it is spread across automotive, military & defense, mobile devices, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The digital map market report includes players such as Geocento, Geospin, Google, Apple, TomTom, Map Quest, Emapa, OneView, GeoVerra, and Mapidea.
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