Navigation & Mapping Solutions Market: Introduction
Global positioning signals are broadcast by GPS satellites to enable satellite navigation. The mapping solution is also called digital cartography. It is a procedure by which a collection of data is formatted and compiled into a virtual image.
The initial function of navigation & mapping solutions is to produce maps that provide a precise representation of a specific area; notifying major roads pathways and other points of interest. The navigation & mapping solution also provides distances from one place to another.
Navigation & mapping solutions Market takes help of GIS (Geographic Information Systems) for map making and geographic analysis. It helps to perform the tasks faster and with more sophistication than traditional manual method.
Navigation & mapping solutions provide a graphic display of geographic information for presentation and analysis. Navigation & mapping solutions store data on geographical features and their characteristics. The information is saved using spatial directories, which makes it possible to classify the structures located in arbitrary regions of a map.
Request For Brochure- https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=83967
Navigation & Mapping Solutions Market: Dynamics
Navigation & Mapping Solutions Market: Key Drivers
- Navigation & mapping solutions plays an important role in engineering and construction companies, as they supports all stages of the infrastructure lifecycle. Navigation & mapping solutions also help construction engineers share, manage, and visualize territory data, and generate reports that can be evaluated and communicated to others.
- Navigation & mapping solutions support mobile applications and web services, which provide real-time updates to users. Technologies based on 3D platforms and augmented reality use GIS information to deliver virtual information about the user and his surroundings.
- Navigation & mapping solutions use cloud technology, as it is used for an essential role in distributing data that supports interconnected communications. Big data is also utilized in mapping solutions. Furthermore, the solutions employ predictive modeling-enabled big data, which helps in developing a strategy for geographic territory operations.
- A lack of awareness and appropriate knowledge pose a challenge to the navigation & mapping solutions market. Hence increasing awareness among customers and knowledge sharing through different means, such as ROI analysis, forums, and industry conferences, are projected to fuel the market.
Impact of COVID-19 on the Navigation & Mapping Solutions Market
- Increase in cases of COVID-19 across the globe is resulting in an economic slowdown. Developed countries are strongly affected by the pandemic. COVID-19 has a negative impact on the navigation & mapping solutions market. Some companies have withheld all investments in advanced business solutions and tools due to the low return on investment.
North America to Hold Major Share of Global Navigation & Mapping Solutions Market
- In terms of region, the global navigation & mapping solutions market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America dominated the global navigation & mapping solutions market in 2020. The U.S. is a key market in the adoption of new technologies. Strong financial position enables the country to invest heavily in the adoption of leading tools and technologies to ensure efficient business operations
PreBook Our Premium Research Report at – https://www.transparencymarketresearch.com/checkout.php?rep_id=83967<ype=S
Key Players Operating in the Global Navigation & Mapping Solutions Market
- Telenav, Inc.
Telenav, Inc. was incorporated in 1999 and is headquartered in California, U.S. The company is the leading provider of location-based services comprising voice-guided navigation for mobile phones. Telenav operating segments include advertising, automotive, and mobile navigation. In terms of revenue, automotive is a highly lucrative segment of the company.
- Google, LLC
Google, LLC was incorporated in 1998 and is headquartered in California, U.S. Google is a multinational company that develops and provides Internet-based products and services. The company offers a wide range of solutions such as Google Search, Maps, Android Platform, Chrome Browser, YouTube, Google Play, Gmail, and smartphones. The company caters to customers across the globe.
Other key players operating in the global navigation & mapping solutions market include Trimble, Inc., Intellias, Ltd., Garmin, Ltd., Top Positioning Systems, Inc., NovAtel, Inc., Sygic, Indoor Atlas, Intrix, Nearmap, and Magellan.