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 , published by MarketsandMarkets™, the market 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 opportunitie