Press release
Digital Map Market Growth: Projected to Reach USD 83.54 Billion by 2032 at a 14.3% CAGR
Some of the Top Leading Key Players: Apple (US), AutoNavi Holdings Ltd. (China), Environmental Systems Research Institute (ESRI) Inc (US), Collins Bartholomew Ltd (UK), Digital Map Products Inc. (US), DMTI Spatial (Canada), ESRI (US), Getmapping PLC. (UK), Google (US), HERE Technologies (Europe), Inpixon (US), INRIX (US), Intermap Technologies Corporation (US), LightBox (US), MapQuest (US), Mapbox (US), Mapsted (Canada), Maxar Technologies (US), META(US), NavInfo Co. Ltd. (China), Nearmap (Australia), ServiceNow (US), TomTom (Netherlands), ThinkGeo LLC (US), Zenrin Co. Ltd. (Japan), and Other Major Players
The Digital Map Market Size Was Valued at USD 25.09 Billion in 2023 and is Projected to Reach USD 83.54 Billion By 2032, Growing at A CAGR of 14.3% from 2024 to 2032.
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The Digital Map Market pertains to the industry engaged in creating, supplying, and utilizing digital maps, which are geospatial depictions of real-world landscapes. These maps rely mainly on digital technologies and software applications, allowing access across different platforms like mobile devices, desktops, and embedded systems. In contrast to conventional paper maps, digital maps offer interactivity and can be refreshed instantly, delivering users accurate and up-to-date information. They are used in various applications, such as navigation, city planning, transport logistics, disaster response, and geographic information systems (GIS).
Segmentation Analysis of the Digital Map Market
By Component
• Solutions
• Services
By Mapping Type
• Outdoor Mapping
• Indoor Mapping
• 3D and 4D Metaverse
By Application
• Geocoding and Geo-positioning
• Routing and Navigation
• Reverse Geocoding
• Others
By End-User
• Automotive
• Military & Defense
• Mobile Devices
• Logistics, Travel, and Transportation
• Others
Digital Map Market Trend Analysis
The expansion of the digital map market is influenced by various elements, such as the growing need for location-based services, the emergence of navigation and mapping applications, and the development of smart cities. Digital maps provide various advantages for consumers and businesses alike. A key benefit is the up-to-the-minute information and constant updates they offer, enabling users to obtain the most precise and pertinent data. This is especially beneficial in navigation apps, where timely traffic information, route enhancement, and points of interest are crucial for effective travel. Additionally, digital maps enhance decision-making in areas like urban planning, disaster management, and agriculture by providing detailed spatial information that can be examined to generate insights and enable informed decisions.
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Key Industry Developments in the Digital Map Market:
In December 2023, Dutch navigation giant TomTom announced the acquisition of Mapillary, a Swedish startup specializing in 360-degree street-level imagery captured through crowdsourcing. This move strengthens TomTom's position in the highly competitive automotive mapping market, allowing them to offer enhanced real-time traffic data and driver assistance features.
In December 2023, German digital mapping leader HERE Technologies has entered into a strategic partnership with Chinese tech giant Baidu to jointly develop and offer location-based services in China. This collaboration leverages HERE's advanced mapping technology and Baidu's strong local presence to cater to the growing demand for location intelligence in China's burgeoning automotive and mobility markets.
Regional Analysis
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Strategic Points Covered in Table of Content of Digital Map Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Digital Map Market Landscape
Chapter Four: Digital Map Market by Type
Chapter Five: Digital Map Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Digital Map Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
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