You are currently viewing Latin America Digital Maps Market to Flourish in the Projected Period of 2023-2028 with the Thriving Travel Culture Coupled with the Rapid Technological Advances

Latin America Digital Maps Market to Flourish in the Projected Period of 2023-2028 with the Thriving Travel Culture Coupled with the Rapid Technological Advances

El informe del estudio de mercado de Informes de Expertos titulado, ‘Mercado Latinoamericano de Mapas Digitales, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como tipo, funcionalidad, aplicaciones, uso final y las regiones. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.

The market study report by Informes de Expertos titled, ‘Latin America Digital Maps Market 2023-2028’ , gives structured insights into the market, examining its diverse segments and key variables such as type, functionality, applications, end use, and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.

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Los aspectos más destacados del informe incluyen:

Visión general del mercado (2018-2028)

• CAGR para el período de pronóstico (2023-2028): 8,6%

La industria latinoamericana de mapas digitales está evolucionando y experimentando cambios constantes atribuibles a la rápida evolución de la tecnología, los medios de comunicación y el sector de TI y los patrones de demanda de los clientes. Además, la participación consolidada del gobierno y las principales empresas de la región para promover las tecnologías avanzadas y las actualizaciones de productos están aumentando las oportunidades para los posibles participantes.

Con el continuo gasto en redes y las próximas asignaciones de espectro, el mercado de mapas digitales se ha arraigado en América Latina y está impulsando la cuota con la amplia aceptación de ML, inteligencia artificial (IA) y tecnologías de análisis de mapas. Todas estas modalidades de demanda están calibrando el crecimiento potencial del mercado de mapas digitales junto con una mayor generación de ingresos a través de nuevos mecanismos de negocio y la intensidad de la agenda digital.

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Industry Definition and Major Segments

The geographical depiction of a terrain, city, road, country, etc. in the form of a diagram that is virtually structured on a computer is referred to as a “digital map.” Maps are created by gathering precise data from a certain area and are used for both indoor and outdoor purposes, including satellite positioning and GPS navigation.

The sector can be broadly classified based on type:

• Software Solutions
• Maps
• Services

The industry can be divided based on functionality as:

• Computerised
• Scientific
• GPS Navigation

The industry is segmented based on applications into:

• Indoor Applications
• Outdoor Applications

By end use, the market is classified into:

• Government and Public Services
• Automation
• Electronic Commerce and Retail
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

According to IDE analysts, the Latin American market for digital maps is estimated to evolve at an exponential rate during the forecast period 2023-2028. Further, the market held an estimated revenue share worth around $1.3 billion in 2021. This change in market outlook was attributable to the adoption of more advanced technologies and of how quickly cities are urbanising and becoming more digital. Because of this, the group of users of mobile computing devices and their variables necessitates new modalities, such as 3D spatial data about local eateries, hospitals, etc. estimating the potential size of the global market for digital maps.

Further, the growing economies of Latin American nations and the rising propensities of stiff competition among key players to better their product launches and R&D innovations are transitioning the digital society and the demands of consumers for digital technologies such as digital maps. Therefore, corresponding to all these above-mentioned factors, the rise in travel and exploration trend is also posing lucrative opportunities for potential entrants in the target market.

Key Market Players

The major players in the market are:

• Google LLC (Alphabet Inc.)
• Apple Inc.
• Environmental Systems Research Institute (ESRI), Inc. TomTom NV
• HERE Global B.V.
• Others

The insights in the market research report provide growth possibilities, socio-political environment factors affecting the market, launches of products, new entrants dominating the market, and the presence of key companies driving the industry.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.