Digital Map Market 2022-31 : Industry Analysis, Size, Share, Growth And Forecast | Google LLC, Apple Inc, TomTom International BV, Environmental Systems Research Institute (ESRI), INRIX Inc

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The global digital map market report by the business research company identifies increase in the number of location-based services for marketing and advertising to be a major growth driver for the Digital Map market. Location-based marketing (LBM) is a direct marketing tactic that notifies the owner of a mobile device about a deal from a nearby company by using the device's location. A digital map helps to get the exact location and nearest route to the delivery agent. For instance, according to The Next Web (TNW), a Netherlands-based company that focuses on new technology and startups, in 2021, spending on location-targeted advertisements has increased to 33.3 billion, which is 45% of all mobile advertising expenditures. According to Factual, a US-based location data company, 80% of customers use desired location-based alerts, demonstrating that they are responsive to location-based advertisements. Therefore, an increase in the number of location-based services for marketing and advertising is driving the growth of the digital map market.

The global digital map market is expected to grow from $13.08 billion in 2021 to $15.00 billion in 2022 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The digital map market is expected to reach $26.55 billion in 2026 at a compound annual growth rate (CAGR) of 15.3%.

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North America was the largest region in the digital map market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital map market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the digital map market are Google LLC, Apple Inc, TomTom International BV, Environmental Systems Research Institute (ESRI), INRIX Inc, HERE Global BV, MapBox Inc, Lightbox, MapmyIndia, Microsoft Corporation, Maxar Technologies Inc, Digital Map Products Inc, Amap, Digital Mapping Solution and Navinfo Co Ltd.

The global Digital Map market is segmented -
1) By Type: Services, Solutions.
2) By Functionality: Scientific, GPS Navigation, Computerized.
3) By Service: Consulting, Development, Management.
4)By Industry: Automotive, Engineering And Construction, Logistics And Transportation, Energy And Utilities, Telecommunication

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The Digital Map Market Report Contents Include
1. Executive Summary
2. Digital Map Market Characteristics
3. Digital Map Market Trends And Strategies
4. Digital Map Market - Macro Economic Scenario
5. Digital Map Market Size And Growth
....
27. Digital Map Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Map Market
29. Digital Map Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Digital Map market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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