Digital Map Market Trends 2022 | Growth, Share, Size, Demand and Future Scope 2027

According to IMARC Group's latest report, titled "Digital Map Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," Offers a comprehensive analysis of the industry, which comprises insights on digital map market.

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.

The global digital map market reached a value of US$ 4.17 Billion in 2021. A digital map is an electronic map that accurately represents a specific area, detailing major road arteries, rivers, shopping complexes, and other geographical locations. It comprises a combination of graphic elements assigned to it in the form of electronic information of roads, water bodies, and significant landmarks of a specific area. It helps calculate the distance between two different places or cities, track natural disasters, and monitor other environmental emergencies. It is used in technology, such as google maps, global positioning systems (GPS), foursquare, and google earth. It also finds applications in logistics movement, smart parking, traffic and congestion intelligence, and navigation.

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Market Trends:

Significant growth in the automotive industry, coupled with numerous technological advancements in automobiles, represents one of the key factors escalating the demand for real-time digital maps in private and commercial vehicles. Furthermore, rapid digitalization and the growing adoption of mobile computing devices for navigation are positively influencing the market. Moreover, the widespread utilization of digital maps in the engineering and construction sectors is driving the market. Looking forward, IMARC Group expects the market to reach US$ 8.98 Billion by 2027, exhibiting a CAGR of 14.06% during 2022-2027.

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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.
Getmapping
Google LLC (Alphabet Inc.)
HERE Technologies
MAPQUEST INC. (America Online)
Maxar Technologies
Nearmap
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:

GIS
LiDAR
Digital Orthophotography
Aerial Photography
Others

Breakup by Usage:

Indoor
Outdoor

Breakup by Solution:

Software
Services

Breakup by Deployment Mode:

Cloud-based
On-premise

Breakup by Application:

Real-Time Location Data Management
Geocoding and Geopositioning
Routing and Navigation
Asset Tracking
Others

Breakup by End-Use Industry:

Automotive
Engineering and Construction
Logistics and Transportation
Energy and Utilities
Military, Aerospace and Defense
Others

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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