Global Digital Map Market, By Component (Solutions and Services), Usage (Indoor applications and Outdoor Applications), Functionality (Computerized, Scientific and GPS navigation), Solution (Tracking and Telematics, Catchment Analysis, Risk Assessment and Disaster Management, Route Optimization and Planning, Geo-Analytics and Visualization), Service (Consulting and Advisory, Deployment and Integration and Support and Maintenance), Vertical (Energy and Utilities, Construction and Engineering, Logistics, Travel, and Transportation, Government and Defence, Automotive, Retail and Real Estate and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Digital Map Market
Data Bridge Market Research analyses that the digital map market will exhibit a CAGR of 14.42% for the forecast period of 2021-2028. This signifies that the digital map market value will rise up to USD 38.7 billion by 2028. Rising advancements in the digital map technology and growing need of 3D platform are the two major factors driving the growth of digital map market.
Digital mapping is a technique of compiling and collecting the data and converting it into a digital image. Digital mapping has gained relevance in vehicle routing, territory planning, trajectory and others. This electronic operates on the basis of graphic elements. Digital maps are more accurate than printed maps.
Rising application of digital maps by the various end user verticals such as energy and utilities, construction and engineering, logistics, travel, and transportation, government and defence, automotive, retail and real estate and others will propel the growth of the market. Rising adoption of digital map by small and medium scale businesses is further fostering the growth of digital map market. Rising demand for smartphones and increasing internet penetration are some other indirect market growth determinants.
However, increasing adoption of free crowdsourcing digital maps will create hindrances for the growth of market. Also, high investment involved in data collection will challenge the digital map market growth rate. Stringent governmental regulations will further restrict the scope of growth for this market.
This digital map market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on digital map market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Digital Map Market Scope and Market Size
The digital map market is segmented on the basis of component, usage, functionality, solution, service and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the digital map market is segmented into solutions and services.
- On the basis of usage, the digital map market is segmented into indoor and outdoor applications. Indoor applications are sub-segmented into airports, malls and departmental stores. Outdoor applications are sub-segmented in automotive navigation, mobile and internet, public sector agencies and enterprises.
- On the basis of functionality, the digital map market is segmented into computerized, scientific and GPS navigation.
- On the basis of solution, the digital map market is segmented into tracking and telematics, catchment analysis, risk assessment and disaster management, route optimization and planning, geo-analytics and visualization.
- On the basis of service, the digital map market is segmented into consulting and advisory, deployment and integration and support and maintenance.
- On the basis of vertical, the digital map market is segmented into energy and utilities, construction and engineering, logistics, travel, and transportation, government and defence, automotive, retail and real estate and others.
Global Digital Map Market Country Level Analysis
The digital map market is analysed and market size, volume information is provided by country, component, usage, functionality, solution, service and vertical as referenced above.
The countries covered in the digital map market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America holds a prominent share in the global digital map market. This is because of the rising application of digital map in the commercial sectors. The USA and Canada have emerged to be the major contributors. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period owing to increased utilization of digital map solutions for e-commerce applications, urban planning, mobile data coverage and environmental monitoring.
The country section of the digital map market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Map Market Share Analysis
The digital map market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital map market.
The major players covered in the digital map market report are Apple Inc., Google LLC, Maxar Technologies, HERE, Esri, Getmapping, TomTom International BV., MapData Services, Intermap Technologies., HarperCollins Publishers Limited, MiTAC Holdings Corp., ARC Aerial Imaging Limited, Nearmap, MAPQUEST, Mapbox, Digital Map Products, Inc., DMTI Spatial, Lepton Software, and ThinkGeo LLC. and ZENRIN USA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.