Digital Map Market to Grow at 13.79% CAGR Driven by America to 2020

RnRMarketResearch.com adds Global Digital Map Market 2016-2020 latest research report, the analysts forecast the global digital map market to grow at a CAGR of 13.79% during the period 2016-2020.

August 25, 2016 /MarketersMedia/ —

The global digital map market analyst says one of the key trends for market growth will be the increase in use of 3D platforms. Digital technology has penetrated every aspect of the mapping process such as raw data collection, map compilation and design, and final map production. Advanced mapping technology has also replaced conventional stereo plotters with digital imaging systems. The adoption of advanced technologies for surveying and map-making has resulted in developing more accurate 3D digital maps.

Complete report on digital map market spread across 73 pages, analyzing 6 major companies and providing 21 data exhibits are now available at http://www.rnrmarketresearch.com/global-digital-map-market-2016-2020-market-report.html

According to the 2016 digital map market report, one of the key drivers for market growth will be evolution of geomarketing business. Geomarketing and advertising provide numerous opportunities for businesses and benefits for customers to achieve rich customer experience and engagement in shopping activities. Depending on the user's location, required information about nearest restaurants, services, shopping malls, bars, and lounges would be delivered to customers through the proximity marketing service. Proximity-based solutions not only provide relevant offers and information to customers but also help companies to track data regarding people at different venues and locations.

In terms of geography, the Americas were the largest for digital map market during 2015 and are anticipated to generate revenues of almost USD 2 billion by 2020. The augmented demand for location determination, enhanced transportation or loGIStics planning, sales and marketing optimization, risk analysis, and fraud detection will spur the utilization of digital maps in this region. Additionally, in the Americas, the formation of strategic partnerships between network providers and analytics companies, such as Cisco and Intersec, will also help in the growth of this market during the estimated period. Order a copy of Global Digital Map Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=672185

The following companies are the key players in the global digital map market: Alibaba, Apple, Google, HERE, Micello, and NavInfo. Other prominent vendors in the market are: AND, ARC Aerial Imaging, Baidu, Bing Maps, Environmental Systems Research Institute, Geoportail, Getmapping, Magellan Navigation, MAPMECHANICS, MapmyIndia, MapQuest, MapSherpa, NearMap, OnStar, OpenStreetMap, PeopleNet, Roadtrippers, Sensewhere, TeleNav, TomTom, Traceon, ViaMichelin S.A.S., Wanadoo Maps, and Zenrin.

According to digital map market research analysts, the outdoor digital maps segment will be the most profitable market segment during the forecast period and will generate revenues of over USD 4 billion by 2020. The ability of outdoor digital maps to help governments and local authorities in designing city infrastructures using population density heat maps will lead to the strong growth of this market segment during the forecast period.

Global Digital Map Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global digital map market for 2016-2020. The report has taken into consideration the annual sales of licensed digital maps.

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