Digital Map Market (By Type: Services, Solutions; By Functionality: Scientific, GPS navigation, Computerized; By Technology: GIS, Digital Orthophotography, Aerial Photography, Others; By Vertical: Automotive, Defense & Aerospace, Smartphones, Others; By Application: Indoor, Outdoor) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global digital map market size is anticipated to reach around US$ 46,400 Mn by 2027 growing at a CAGR of around 16% in terms of revenue during the forecast period 2020 to 2027.

A digital map network is a computer map that is planned primarily for a specific road, region or geographic position. Digital mapping technology is commonly used in the automobile and internet-enabled smartphone industries to promote business expansion. The increased worldwide use of geospatial information fuels digital maps market.

Market Insights

The major drivers such as increasing adoption of digital maps in sectors such as defense, automotive, and media & entertainment that is likely to boost the growth of the digital map market. Geospatial technology has raised the need for digital maps over the years, using this technology in applications such as network maintenance, risk and disaster management, strategic planning, property management and logistics. Furthermore, technical advancement in the area of feature development and mapping applications further enables digital maps to be adopted. Increased investment in technical advancements by vendors coupled with the growing use of digital maps will encourage business growth in the projected timeframe. However, over the projected period a high degree of data collection spending will impede business development. Growing competition from developing markets and expanded adoption by small and medium-sized businesses are projected to generate more possibilities for development for future years.

The data storage which allows automated communications is focused on cloud technologies. Most automated mapping approaches are stable, and the geographic information system (GIS) developers and practitioners like the application program interface (API) due to associated data is stored in the cloud. In fact, the introduction of cloud-based systems offers significant cost savings compared with internal computing. In order to handle large volumes of geospatial information generated by GPS, GIS and remote sensing technology, the public sector organizations have embraced cloud computing. Big data is also an important component of digital maps, as many organizations are using analytical big data models, allowing them to develop approaches in their regional operations. This is used by the public sector to develop emergency management strategies and used by natural resource managers to assess wetland regeneration following an emergency.

Report coverage

The market research study on “Digital Map Market (By Type: Services, Solutions; By Functionality: Scientific, GPS navigation, Computerized; By Technology: GIS, Digital Orthophotography, Aerial Photography, Others; By Vertical: Automotive, Defense & Aerospace, Smartphones, Others; By Application: Indoor, Outdoor) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global digital map market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global digital map market in terms of type, functionality, technology, vertical, application, and major geographic regions. The digital map market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

North America held major market share of digital map market and significantly drive the market due to increasing adoption in the commercial sectors that have increased demand for digital maps in the region. Furthermore, increasing demand from government sectors and defense is likely to boost the market growth. In order to meet the growing demand of customers, local players are developing inexpensive digital mapping solutions with high efficiency. Many key stakeholders have formed collaboration and initiatives to grow their market share in the region digital map markets. In the forecast period Asia-Pacific will rise at the fastest CAGR. The digital map market of the Middle East and Africa is currently in the growing stage. Emerging markets like the UAE and Brazil are projected to gain a large market share in the near furture.

Key Players

Major players included in this report Apple Inc., HERE, Google Inc, Micello, Inc., MiTAC International Corporation, TomTom International BV, ARC Aerial Imaging Limited, Nearmap Ltd., Esri, MAPQUEST and others.

The global digital map market is segmented as below:

Market Segmentation

Digital Map Market By Type

• Services
• Solutions

Digital Map Market By Functionality

• Scientific
• GPS navigation
• Computerized

Digital Map Market By Technology

• GIS
• Digital Orthophotography
• Aerial Photography
• Others

Digital Map Market By Vertical

• Automotive
• Defense & Aerospace
• Smartphones
• Others

Digital Map Market By Application

• Indoor
• Outdoor

Digital Map Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa