The Digital Elevation Model Market is expected to record an exponential CAGR of 16.4% for the decadal forecast period, making it extremely lucrative opportunity for all stakeholders in the digital elevation model market.
Albany, NY -- (SBWIRE) -- 12/14/2017 -- A new report added to the repository of Market Research Reports Search Engine "Digital Elevation Model Market: Telecommunication Expected to be the Most Attractive Segment by Industry During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)" is a comprehensive repository of information, providing market share, size, and forecast.
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Urban Planning & Development Boom Boosts Digital Elevation Model Market
Rapid urbanization and infrastructure development, particularly in emerging economies is anticipated to benefit the digital elevation model market. Digital elevation models allow monitoring drainage layouts and provide decision making ability in key geographic areas, ease development of other large-scale infrastructural projects such as airports, highways, and railways. Different factors such as pipeline, high-power voltage line, and waterway maintenance are poised to increase the traction of digital elevation models and the planning & construction industry is on track to push past US$ 105 million in 2018. For e.g. – In December 2016, the Dutch government made infrastructure development a priority and thus the country is seeking accurate 3D models which should certainly encourage the adoption of digital elevation models in the nation.
Digital Elevation Models Reduce Initial Investment in Oil & Mining Industry
During the initial phase of constructing and planning petroleum pipelines, digital elevation models are critical for long-term planning as they deliver high resolution data with an in-depth assessment, thereby minimizing costly initial investment in terms of both time and money. Satellite images are digitally processed to pinpoint the location and maximize the information that can be extracted from it. Satellites even assist mine logistical planning as these decisions can have a significant impact on mine planning and operations and thereby rehabilitation and closure. Key stakeholders in the oil & mining industry are planning to apply digital elevation models in vegetation and forestation. The oil & mining industry is anticipated to be worth just over US$ 155 million by 2027.
Massive Investments Needed in Telecommunication for Shift to 5G and IoT
The telecommunication industry is predicted to be the most attractive in the digital elevation model market in the forecast period. Topographic data is essential for macro cell planning (3-5 kilometre area grid cells with elevated base transceiver stations), micro cell planning (primarily in central areas of large cities), and clutter data (land use information in industry). Usually, the databases of 5-10m elevation data is used in micro cell planning, while 100m grid elevation is deployed in macro cell planning. The telecommunications industry is expected to record an exponential CAGR of 16.4% for the decadal forecast period, making it extremely lucrative opportunity for all stakeholders in the digital elevation model market.
Gaming and Entertainment Industry Using Digital Application Models
The gaming industry has always captured the attention of customers in developed economies but has now had an impact in emerging economies as well. A map is imperative in role-playing or strategy based games that are popular across demographics. The proliferation of smartphones is largely responsible for this and modern-day games consist of different 2D and 3D terrain models comprising cartographic methodology, spatial datasets, and various GIS technologies. Games with high quality graphics naturally require realistic looking maps with the maximum detail and the highest resolution to satisfy discerning gamers, especially millennials. This is only possible with the help of solutions available in the digital elevation model market. Several gaming giants such as EA Sports and others in the industry have focused their attention on war games with actual mapping data, thereby requiring digital application models.
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Digital Elevation Model Market Taxonomy
The report evaluates the digital elevation model market based on specific segments that is conducted by a thorough analysis of market share, revenue, Y- o-Y growth, CAGR, and absolute dollar opportunity of all the regions. The regions studied include North America, Western Europe, Eastern Europe, Latin America, APEJ, Japan, and MEA.
Accurate Research Methodology
Future Market Insights deploys a unique, proven, and highly innovative research methodology to prepare all of its reports including that on the digital elevation model market. The first step is exhaustive primary and secondary research by our team of expert analysts with years of experience under their belt. A list of important market participants across the entire value chain is prepared and they are interviewed several times with an in-house questionnaire. Inputs are taken from company press releases, trade journals, industry experts, and regulatory bodies to ensure that the information is accurate and relevant. The report is laid out in a logical and easy-to-understand format yet it covers all the crucial findings on every market segment. Actionable insights and strategic recommendations conclude the report.
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