The global digital map market is anticipated to grow at a significant CAGR of 14.3% during the forecast period (2022-2028). Digital map technology offers end-to-end map solutions such as location information, real-time update, technology collaboration, and analytics approach for better geo-mapping outputs. The major factor driving the growth of the global digital map market during the forecast period is the increasing technological advancements along with increasing demand for digital maps in several industries across the globe. For instance, in July 2021, the Ministry of Electronics and IT (MeitY) has integrated service of MapmyIndia to enable people to locate government facilities such as ration shop, mandis, Indian oil petrol pumps, gas stations, among others on digital maps.
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Furthermore, the growth of the market can also be attributed to the growing need for a better viewer experience as well as the rising demand for real-time mapping of data. For instance, in September 2019, the government of India announced the initiation of a project to digitally map the country with a resolution of 10 centimetres by using drones and technologies such as Artificial Intelligence and big data. However, the lack of expertise may hamper the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Digital Map Market Report by Segment
By Type
- Outdoor Mapping
- Indoor Mapping
By Component
- Solutions
- Services
By Application
- Real-Time Location Data Management
- Geocoding and Geo-Positioning
- Routing and Navigation
- Asset Tracking
- Others
By Vertical
- Energy & Utilities
- Automotive
- Oil & Gas
- Building & Construction
- Government
- Travel & Transportation
- Others
Global Digital Map Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital map market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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