The 3D mapping and modelling market in North America is expected to grow from US$ 1,500. 17 million in 2020 to US$ 4,526. 42 million by 2028; it is estimated to grow at a CAGR of 15. 0% from 2021 to 2028.
New York, May 27, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North America 3D Mapping and Modelling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment Mode, Organization Size, Component, 3D Mapping Application, 3D Modelling Application, and Vertical" - https://www.reportlinker.com/p06075720/?utm_source=GNW
Continuous technological advancements in 3D mapping and modelling tools is bolstering the growth of the market. Initially, the use of 3D mapping and modelling tools was limited as designers had to develop models of the objected from scratch, which was acting as a constrain for the market growth. However, over the last decade, technical advancements in image sensors, lenses, thermal sensors, and environment recognition and capturing devices have flourished the adoption of 3D mapping and modelling software across various industries, such as transport and logistics, engineering and construction, real estate, agriculture, and manufacturing. Therefore, capturing devices can identify object’s length, height, and width in-depth detail. The captured data can be integrated with 3D mapping and modelling tools, which allows designers and engineers to develop project models or plan for further changes, which ultimately saves cost and time by eliminating the need for designers and engineers to physically visit the facilities and manually measure the dimension. Owing to these capabilities, 3D mapping and modelling tools are enabling users to streamline the process of planning, optimize the floor space of project, assess structural conditions, and view thermal imaging to identify areas of weakness, among others. Hence, with the development of robust object and environment recognition and capturing devices coupled with the growing trend of creating enhanced user experience, the North America 3D mapping and modelling market is projected to witness a significant growth during the forecast period.
North America is well-known for the adoption of new technologies owing to favorable government policies to boost innovation, presence of various technological companies, and high adoption of advanced technologies in various industries, especially in developed countries such as Canada and the US.Thus, any negative impact on the growth of industries hampers the economic growth of the region.
The US, Canada, and Mexico have reported a significant rise in the number of COVID-19 confirmed patients. This is forcing the governments to impose lockdowns to limit human movement; therefore, manufacturing, construction, transport, and warehouses facilities are experiencing lower than usual production volumes, which is negatively impacting the adoption rate of 3D mapping and modelling tools.
Based on deployment type, the on-premises segment led the North America 3D mapping and modelling market in 2020.The on-premise solution provides a considerable benefit to the organizations by enabling it to preserve all their business processes and current internal systems, such as manufacturing methods and technology being used.
In addition, enterprises can implement their data security standards and controls an entire process that is housed within their restriction.Also, the organizations have the provision to easily leverage existing hardware investments while also providing their employees with real cloud-like experience.
The on-premise deployment requires high costs for the installation, management, up-gradation, and maintenance of complete solutions so that it can run better than the cloud computing environment.Therefore, on-premise deployment is majorly adopted by the large and well-established companies as they are capable of investing such massive capital in maintaining this software.
The on-premise structure requires software licenses; in-house server hardware; integration capabilities; and IT technicians to support, operate, and manage the complexity issues that may arise during the access of software, which ultimately drives the growth of the North America 3D mapping and modelling market.
The overall North America 3D mapping and modelling market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the North America 3D mapping and modelling market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America 3D mapping and modelling market. Golden Software, LLC; CyberCity 3D, Inc.; Pix4D SA; Pixologic, Inc.; Flight Evolved; Maxon Computer GmbH; WRLD; GeoDigital; GeoSLAM; Mapbox; DeepMap; Civil Maps; Hivemapper Inc.; Dynamic Map Platform Co., Ltd; Bentley Systems Incorporated; Alphabet Inc.; Esri; Autodesk, Inc.; Intermap Technologies; The Foundry Visionmongers Limited; Trimble Inc; SaaB AB; Dassault Systèmes SE; Adobe; Mitsubishi Electric Corporation; Topcon Corporation; and Apple Inc are among the leading companies operating in the market.
Read the full report: https://www.reportlinker.com/p06075720/?utm_source=GNW
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