Global Digital Map Market to Grow at 14.06% During 2022-2027, Bolstered by Introduction of Interactive and Real-Time Solutions

November 04, 2020

The latest report by IMARC Group, titled “Digital Map Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global digital map market size reached US$ 4.17 Billion in 2021. A digital map is an electronic map based on a combination of graphic elements processed into digital cartographic data. The creation of a high-quality digital map requires cartographic skills and resources, along with the know-how and experience in the field of geoinformatics. A digital map is dynamic, which helps individuals view the previous versions of the represented area, unlike paper maps. Digital maps are also more accurate, scalable, up-to-date and interactive than printed maps. As a result, they are widely used in smart parking, location, traffic and congestion intelligence, navigation, and logistics management.

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.

Global Digital Map Market Trends:

Digital maps are increasingly being utilized in the construction and engineering sectors to help construction engineers implement adequate safety measures in buildings and visualize territorial data for efficient infrastructural planning. Besides this, the rapid adoption of 3D platforms for surveying and digital mapmaking is contributing to the market. These 3D maps are made using high-quality geographic data, which helps create 3D visualizations, run simulations, and develop dynamic location-based experiences and games to enhance the customer experience. Apart from this, with the rising penetration of smartphones and other portable devices, users are relying more on mapping applications such as Google Maps and City mapper for locations and directions or searching restaurants, banks, ATMs, or gas stations. This has escalated the demand for digital maps across the globe. Moreover, the leading companies are offering traffic updates, roadblocks, updated places of interest, landmarks, and others in their maps, which makes them more user-friendly. Looking forward, the market is expected to grow at a CAGR of 14.06% during 2022-2027.

Market Summary:

  • Based on the type, the market has been segmented into GIS, LiDAR, digital orthophotography, aerial photography and others.
  • On the basis of the usage, the market has been bifurcated into indoor and outdoor segments.
  • The market has been categorized based on the solution into software and services segments.
  • On the basis of the deployment mode, the market has been classified into cloud-based and on-premises.
  • Based on the application, the market has been segregated into real-time location data management, geocoding and geopositioning, routing and navigation, asset tracking and others.
  • The market has been segmented on the basis of the end use industry into automotive, engineering and construction, logistics and transportation, energy and utilities, military, aerospace and defense, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, Indonesia, Australia, South Korea and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Apple Inc., Collins Bartholomew, Digital Map Products Inc. (LightBox), Environmental Systems Research Institute Inc., Getmapping, Google LLC (Alphabet Inc.), HERE Technologies, MAPQUEST INC. (America Online), Maxar Technologies, Nearmap, ThinkGeo LLC and TomTom International B.V.
     

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Digital Map Market to Grow at 14.06% During 2022-2027, Bolstered by Introduction of Interactive and Real-Time Solutions
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