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Digital Map Global Market By Component, By Mapping Type, By Application, By Technology, By Services, By End User, By Region And Segment Forecast 2023-2032 | Google LLC, Apple Inc., TomTom International BV, HERE Global BV, MapBox Inc.
Digital Map Market
Digital Map Market Size, Growth Rate, And Forecast
The global digital map market size grew from $14.87 billion in 2022 to $17.07 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital map market size is expected to grow to $29 billion in 2027 at a CAGR of 14.2%.
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Digital Map Market Drivers
An increase in the number of location-based services for marketing and advertising is expected to propel the growth of the digital map market going forward. 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.
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Digital Map Market Segments
• By Type: Services, Solutions
• By Functionality: Scientific, GPS Navigation, Computerized.
• By Service: Consulting, Development, and management.
• By Industry: Automotive, Engineering and Construction, Logistics and Transportation, Energy and Utilities, Telecommunication.
• By Application: Real-Time Location Data Management, Geocoding and Geo-positioning, Routing and Navigation, Asset Tracking, Reverse Geocoding
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Digital Map market.
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Digital Map Market Key Players
Major competitors in the Digital Map market include 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 Business Research Company's "Global Digital Map Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Digital Map Market 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
.....
26. Africa Digital Map Market
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
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