Digital Map Market Summary:
A digital map is an electronic map system, designed primarily to represent a specific road, area or geographical location. The automotive and Internet-enabled smartphone sectors make extensive use of digital mapping technology, supporting market growth. The increased use of geospatial information around the world is driving demand for digital maps. The web-based software solutions segment had a significant market share in 2017. It is expected that the North American market offers a higher contribution to sales in the future.
Digital Map Market Size and Growth rate:
The digital map market is expected to reach USD 30,615.4 million in 2026, with a compound annual growth rate of 16.2% during the forecast period.
Growth Drivers and Restraints of Digital Map Market:
The main factors driving the growth of the digital map market are the increasing use of 3D platforms and advanced technologies, the increased use of smart PDAs in portable and intelligent devices and the increasing use of geographic information. In addition, the growing acceptance of digital cards in various industries and the increasing use of smartphones and Internet users are some of the other factors that support the overall growth of the market. Digital cartography is also finding renewed demand in the public and government sectors as the demand for environmental information systems and topographic information systems increases.
The automotive and Internet-enabled smartphone sectors make extensive use of digital mapping technology. As a result, the market is expected to grow rapidly in the coming years. Digital mapping technology can also be used to calculate distances between different locations. The technical advances of digital cartography make the process much more precise, faster, more convenient and more interactive than ever before.
The increased use of geospatial information around the world is driving demand for digital maps. This should boost the market during the forecast period. In addition, the increased demand for digital maps in the automotive industry is expected to feed the market in the near future. However, it is expected that the free availability of digital maps generated by the network will slow the growth of the digital card market worldwide.
The rapid growth in the number of smartphones and the high rate of Internet penetration around the world have helped to boost the global market for digital maps. Consumer confidence in digital map applications, such as Google Maps, to locate places like restaurants, ATMs, hospitals and other places has increased significantly and has driven the growth of the global digital map market.
Geographical Conditions of Digital Map Market:
It is expected that the North American market will contribute significantly to sales in the near future due to a large number of existing users in the region. The market in Europe and South America should follow a similar trend between 2018 and 2026. In addition, the market in the Middle East and Africa is expected to grow to a solid CAGR in the coming years.
Leading Market Players of Digital Map Market profiled in the report are:
- DigitalGlobe, Inc
- Apple, Inc
- Google, Inc
- HERE Holding Corporation
- Environmental Systems Research Institute (ESRI)
- Getmapping PLC
- Micello, Inc
- TomTom International BV
- MapData Services
- Intermap Technologies Corporation
- AutoNavi Holdings Ltd
- Collins Bartholomew
This research report includes following segmentation for the Digital Map Market size and forecast until 2026:
Digital Map Market Analysis – By Usage:
Digital Map Market Analysis – By Functionality:
- GPS Navigation
Digital Map Market Analysis – By Service:
Digital Map Market Analysis – By Application:
- Mobile Devices
- Enterprise Solutions
Digital Map Market Analysis – By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
Digital Map Market - Research Objectives
- To explain the definition and scope of the research study based on type, application, and region.
- Estimate the current market size and forecast the same for 2017 to 2026
- Market size breakdown for each of the segments and regions analyzed
- Insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the analysis period
- Micro and macro level analysis of the market to elucidate eminent investment opportunities
- Porter’s Five forces analysis to deliver a comprehensive buyer-seller scenario and the state of the business environment
- Identification of the Digital Map Market trends in the current scenario as well as growth indicators
- Benchmarking leading vendors in the Digital Map Market based on their strategic attempts, financial status, and other internal and external parameters
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