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Digital Map Global Market Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook 2023-2032 | Google LLC, Apple Inc., INRIX Inc., HERE Global BV, MapBox Inc.
Digital Map Market
The Business Research Company's Digital Map Global Market Report 2023 identifies 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.
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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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.
Technological advancement is a key trend gaining popularity in the digital map market. Major companies in the digital map market are developing advanced technologies such as artificial intelligence, and the use of aerial image data to sustain their position in the market.
Read More On The Global Digital Map Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-map-global-market-report
The Digital Map Market Is Segmented -
• 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.
The Business Research Company's "Global Digital Map Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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