The report “3D Mapping and Modeling Market by Component (Software Tools and Services), 3D Mapping Application, 3D Modeling Application, Vertical (Government and Defense, Engineering and Construction, Transportation and Logistics), and Region — Global Forecast to 2025”, size to grow from USD 3.8 billion in 2020 to USD 7.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.0% during the forecast period. The major factors driving the growth of the 3D mapping and modeling market are the high demand for 3D animation in mobile applications, games, and movies for the enhanced viewing experience, technological advancements in 3D scanners, 3D sensors, and other acquisition devices, increasing availability of 3D content, and the advent of 3D-enabled display devices for better navigation experience. Furthermore, the emergence of AI and Machine Learning (ML) technologies to boost the 3D content accuracy and HD 3D viewing customer experience are expected to provide opportunities for enterprises operating across several verticals in the 3D mapping and modeling market.
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The managed services segment to record the higher growth rate during the forecast period
On the basis of services, the 3D mapping and modeling market is segmented into professional services and managed services. Managed services are projected to grow at a higher CAGR during the forecast period. The growth of managed services can be attributed to the provision of technical expertise, helping companies enhance their focus on the core business processes. Managed services provide all the required skillsets to maintain and upgrade the solutions, which is of utmost importance in the 3D mapping and modeling environment. All pre- and post-deployment questions and needs for clients are taken care of through the managed services unit. Organizations mostly outsource such services to offer clients on-time delivery and an enhanced experience. Services being offered must fit perfectly into the client’s environment.
The engineering and construction vertical segment to hold largest market share during the forecast period
In the 3D mapping and modeling market by vertical is segmented into engineering and construction, retail and consumer goods, IT and telecom, manufacturing, healthcare and life sciences, transportation and logistics, media and entertainment, government and defense, energy and utilities, and others (education, agriculture, automotive, and IT and Telecom). The engineering and construction verticals to witness the maximum adoption of 3D mapping and modeling software tools and services across the globe. 3D mapping and modeling technology helps computer-generated buildings to be created along with landscapes. CAD and 3D modeling techniques are time-saving and help get a succinct view of the project, landscape, or construction site. The final output to be constructed can be seen in terms of its length, breadth, and height using the 3D technology, and with realistic 3D virtualization, simulations with extensive details of the building can be observed to measure its feasibility.
APAC to account for highest CAGR and North America to hold the largest market size duringthe forecast period
APAC is expected to record the fastest growth rate during the forecast period. The 3D mapping and modeling market is expected to witness considerable developments and adoption of software tools across APAC during the forecast period. The increasing number of players across different regions is further expected to drive the 3D mapping and modeling market. North America is expected to hold the largest market size in the global 3D mapping and modeling market during the forecast period. The key factor favoring the growth of the 3D mapping and modeling market in North America is the increasing demand for the enhanced customer viewing experience to strengthen customer retention initiatives. Europe is expected to be in the second position in terms of market size and market share during the forecast period. The growing demand to reduce enterprise workloads related to internal and external communication monitoring is boosting the adoption of 3D mapping and modeling software tools in Europe.
Key and emerging market players include Autodesk (US), Saab AB (Sweden), Golden Software (US), Trimble (US),Bentley Systems (US), Alphabet (US), Intermap Technologies (US), Airbus (The Netherlands), Esri (US), CyberCity 3D (US), Topcon (Japan), Dassault Systèmes (France), Adobe (US), Pix4D (Switzerland), Pixologic (US), Flight Evolved (US), MAXON (Germany), Onionlab (Spain), The Foundry Visionmongers (UK), Mitsubishi Electric (Japan), Apple (US), WRLD (UK), GeoDigital (US), GeoSLAM (UK), Mapbox (US), DeepMap (US), Civil Maps (US), Hivemapper (US), Ivl5 (US), Shapr3D (Hungary), Innersight (UK), Astrivis (Switzerland), Pointivo (US), and Dynamic Map Platform (Japan).
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