According to IMARC Group’s latest report, titled “Digital Map Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global digital map market size reached US$ 4.17 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.98 Billion by 2027, exhibiting a CAGR of 14.06% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A digital map is a web-based software solution representing a specific road, area, or geographical location. It is created virtually by collecting and formatting data into an image using digital formatting and are presented on a digital interface. Several graphical elements are incorporated to obtain information on water bodies, roads, and significant landmarks in a particular area. Digital map calculates distances between different places and offers various benefits, such as scalability, accuracy, real-time information, interaction, and compact operation systems. As a result, these maps have numerous applications in smart parking, location tracking, traffic and congestion intelligence, navigation, and logistics management.
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Rapid urbanization, along with the rising penetration of mobile computing devices for navigation, including 3D platforms, is augmenting the market growth. The increasing penetration of advanced technologies that utilize visualization, simulations, and dynamic location-based inputs is also propelling the demand for digital maps. Furthermore, the rising adoption of digital maps in the civil engineering sector to visualize territorial data for infrastructural planning and implementing adequate safety measures in buildings is also aggravating the market growth. Additionally, numerous technological developments have led to the integration of cloud technology and big data in digital mapping solutions. Moreover, the advent of real-time digital maps in passenger and commercial vehicles, along with the rapid development of user-friendly platforms, is further anticipated to drive the digital map market.
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List of Key Companies Covered in this Market Report:
- Apple Inc.
- Collins Bartholomew
- Digital Map Products Inc. (LightBox)
- Environmental Systems Research Institute Inc.
- Google LLC (Alphabet Inc.)
- HERE Technologies
- MAPQUEST INC. (America Online)
- Maxar Technologies
- ThinkGeo LLC
- TomTom International B.V.
The report has segmented the market on the basis of type, usage, solution, deployment mode, application, end-use industry and geography.
Breakup by Type:
- Digital Orthophotography
- Aerial Photography
Breakup by Usage:
Breakup by Solution:
Breakup by Deployment Mode:
Breakup by Application:
- Real-Time Location Data Management
- Geocoding and Geopositioning
- Routing and Navigation
- Asset Tracking
Breakup by End-Use Industry:
- Engineering and Construction
- Logistics and Transportation
- Energy and Utilities
- Military, Aerospace and Defense
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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