London, 01 June 2015 – Technavio has published a new report on the global digital map market, which is expected to grow at a CAGR of nearly 11% from 2015-2019.
About the Report
The latest industry analysis by Technavio indicates that increased use of digital maps across industries will be a key driver for market growth over the projected period. Applications developed using digital maps are helping users streamline their business processes such as procurement, processing, storage and employee satisfaction.
“We’re seeing integration of digital maps across verticals as organizations aim to promote efficiency. In fleet management, for example, almost all transport vehicles are now equipped with in-dash devices,” says Faisal Ghaus, Vice President of Technavio.
The new market research report also emphasizes the development of innovative new map categories like 3D maps, 360-degree views maps and venue maps.
“The increasing competition among the digital map providers is driving vendors to expand their product portfolios and introduce new user-friendly maps,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global digital map market from 2015-2019. The market size has been calculated based on the revenue generated from the following:
- Annual sales of digital map licenses except advertisements
- Indoor and outdoor digital maps
- Maps used in automotive navigation, mobile and Internet, and the public sector and enterprises
Key Information Covered in the Report:
Key Vendors:
- Apple
- Google Inc.
- HERE
- Micello Inc.
- TomTom NV
Market Growth Drivers:
- Increased Adoption of Digital Maps across Industries
- For a full detailed list, view our report.
Market Challenges:
- Stringent Regulations and Legal Challenges
- For a full detailed list, view our report.
Market Trends:
- Increase in Development of New Categories of Maps
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
