Asia Pacific Digital Maps Market Size By Solution (Tracking And Telematics, Route Optimization And Planning, Risk Assessment And Disaster Management, Catchment Analysis), By End Use Industry (Energy And Utilities, Automotive, Retail And Real Estate), By Geographic Scope And Forecast

Asia Pacific Digital Maps Market Size And Forecast

Asia Pacific Digital Maps Market size was valued at USD 1.59 Billion in 2018 and is projected to reach USD 5.28 Billion by 2027, growing at a CAGR of 17.00% from 2019 to 2027.

The rise in geospatial data in the Asia Pacific will boost the market of the Asia Pacific Digital Maps Market in the Asia Pacific region. The Asia Pacific Digital Maps Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Asia Pacific Digital Maps Market Definition

Digital map, also known as digital cartography is defined as a process of making interactive maps on a digital platform. It is an electronic map that operates based on the combined graphic elements assigned to it in the form of electronic information. Digital mapping involves the collection and compilation of data in order to produce virtual images.

It accurately represents a particular geographic area, major roads, rivers, and important landmarks such as airports, shopping complexes, restaurants, tourist attractions, and hospitals in and around any particular area with the help of predictive symbols and colors. It is also useful in calculating the distance from one place to another along with calculating the overall time taken to travel to a location in real-time considering the traffic. The digital maps are primarily used in combination with a positioning system (GPS) and further have applications in automotive navigation systems.

Many useful features such as live traffic updates, shortest route planning, and place of interest have been added with the advancement in GPS technology. These features make the system more user-friendly. Most of the time, users have the option of choosing between a virtual map, satellite, or hybrid view depending upon their requirements. The information on digital mapping keeps on updating continuously in order to include new places and landmarks of interest.

Asia Pacific Digital Maps Market Overview

In recent years, geospatial information has experienced growth due to its broad range of applications in various sectors and businesses such as risk and emergency management, marketing, urban planning, infrastructure management, resource management (oil, gas, mining), and business planning, logistics, and many others. In the Asia Pacific region, geospatial technologies are utilized for rural and agricultural development. In this region, companies are involved in engineering and construction, mining and manufacturing, insurance, and agriculture. These industries implement GIS technologies for identifying potential markets and use geospatial information to make strategic decisions. Therefore, the rise in geospatial data in the Asia Pacific will boost the market of the digital maps market in the Asia Pacific region.

Nowadays, smartphones are available at affordable prices along with reasonable mobile data plans which in turn has boosted the growth of internet users. According to the reports, it has been found that internet users are growing by an average of more than one million new users every day and it has brought a prolific increase in the number of smartphones and internet users. Furthermore, the growing adoption of real-time digital maps is creating opportunities for various navigational tracking and location-based applications. Real-time mapping technology includes the application of a geographic information system that helps in offering accurate, current, spatial data related to geographical areas. Real-time mapping technology collects fresh and unique information from a 3D space.

However, the rise in usage of free crowdsourcing digital maps can hamper market growth. free crowdsourcing of digital maps has drawbacks and these drawbacks result in affecting the quality of geographical information provided by digital maps. Thus, the rise in usage of free crowdsourcing digital maps can act as a potential restraint for the overall market in the Asia Pacific during the forecast period.

Asia Pacific Digital Maps MarketSegmentation Analysis

The Asia Pacific Digital Maps Market is segmented on the basis of Solution, End-Use Industry, and Geography.

Asia Pacific Digital Maps Market, By Solution

• Tracking and Telematics• Route Optimization and Planning• Risk Assessment and Disaster Management• Geo-Analytics and Visualization• Catchment Analysis

Based on Solution, the market is segmented into Tracking and Telematics, Route Optimization and Planning, Risk Assessment and Disaster Management, Geo-Analytics and Visualization, and Catchment Analysis. Tracking and Telematics accounted for the largest market share in 2019. Telematics is installed in vehicles or a type of plug-and-play device. Tracking these devices gives details regarding temperature, driving habits, and driving patterns. telematics delivers benefits such as the location of the vehicle, geo-fencing info, emergency alerts, and indicators for vehicle health.

Asia Pacific Digital Maps Market, By End-Use Industry

• Energy and Utilities• Automotive• Retail and Real Estate• Construction and Engineering• Logistics, Travel, and Transportation• Government and Defense• Others.

To Get Summarized Market Report By End-Use Industry-

Based on End-Use Industry, the market is segmented into Energy and Utilities, Automotive, Retail and Real Estate, Construction and Engineering, Logistics, Travel, and Transportation, Government and Defense, and Others. Automotive accounted for the largest market share in 2019, followed by Logistics, Travel, and Transportation. Automobiles nowadays are equipped with advanced features attracting consumers. The automotive sector is at the forefront in terms of the adoption of digital mapping as the majority of the vehicles are being fitted with navigation systems to help the user with detailed navigation information. Also, digital maps are being employed to develop autonomous driving solutions.

Asia Pacific Digital Maps Market, By Geography

• China• India• Japan• Indonesia• Thailand• Singapore• Philippines• Malaysia• Vietnam• Rest of Asia-Pacific

To Get Summarized Market Report By Country-

On the basis of Geography, the Asia Pacific Digital Maps Market is segmented into China, India, Japan, Indonesia, Thailand, Singapore, Philippines, Malaysia, Vietnam, and the Rest of Asia-Pacific. China accounted for the largest market share in 2019 followed by Japan and India. Asia-Pacific comprises several developing countries and the region is witnessing a steady rise in the number of internet subscribers.

China holds the number one position with 854,000,000 internet users. Further, the presence of a large number of smartphone companies along with the kinship of consumers to adopt newer technology such as 5G technology will further support the growth of the Asia Pacific Digital Maps Market. Increasing usage of digital maps by the governments for rural and agricultural development and transportation infrastructure development has propelled the regional growth of the market.

Key Players

The “Asia Pacific Digital Maps Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Google LLC, Apple Inc., Baidu, Inc., Tencent Holdings Ltd., TomTom NV, NAVER Corporation, Badan Informasi Geospasial.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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