Report ID: SQMIG45B2136
Report ID:
SQMIG45B2136 |
Region:
Global |
Published Date: November, 2024
Pages:
178
|
Tables:
89 |
Figures:
71
North America currently leads the global market for digital maps, since it has a well-developed technological infrastructure, high GPS and IoT devices penetration rates, and a great deal of money spent on AI and machine learning. This is due to the presence of advanced IT companies; the presence of authoritative bodies in this field; and contribution from various government departments towards realization of smart cities concept. Additionally, North America is positioned as a leader in the digital mapping industry, propelling market growth and development. This is due to the region's focus on innovation and early adoption of cutting-edge technologies, as well as the widespread use of digital maps in industries like automotive, logistics, and navigation.
Owing to high outlays on smart city programs, increasing smartphone penetration, and fast urbanization, the Asia Pacific is the fastest growing region in the global digital map market. High demand for real-time traffic control as well as elaborate navigation systems comes from the burgeoning automotive sector especially in China and India. Moreover, better use and precision of digital maps can be related to important improvements in 5G tech and IoT devices’ wider distribution. For sure, in Asia Pacific, digital mapping is on the rise, and this is also connected with innovation and growth processes, enforced by government drive and private-public cooperation, which all aim at increasing geospatial information quality and expanding infrastructure.
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Report ID: SQMIG45B2136