The global digital map market is anticipated to grow at a CAGR of 14.3% during the forecast period. Digital mapping is the process of collecting and compiling different forms of data into a virtual image. The collated data is used to create digital maps that present a certain geographical area or features, such as rivers, roads, and notable landmarks that includes hospitals and airports. Digital mapping technology can also be used to calculate the distance between different places. The major factor driving the growth of the digital map market during the forecast is the increasing expenditure on the adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) coupled with the changing landscape of customer intelligence. Various software companies are focusing on developing technology integrated digital map solutions. For instance, in January 2020, Qatar Computing Research Institute (QCRI) and MIT invented a model that uses satellite imagery to tag road features in digital maps by using AI technology to improve GPS navigation. Additionally, the proliferation of customer channels is another factor anticipated to drive the adoption of digital map technologies and services which in turn will drive the growth of the market.
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The growth of the market can also be attributed due to the increasing adoption of mobile computing devices. As smartphones are getting more technologically advanced which has pushed users to use mapping applications for navigation and driving assistance. Mapping applications used in combination with Geographic Information System (GIS) and GPS applications enables user to access geo-referenced data to search nearby restaurants, cinema halls, and other landmarks.
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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
Market Segmentation
Global Digital Map Market by Type
- Outdoor Mapping
- Indoor Mapping
Global Digital Map Market by Component
- Solutions
- Services
Global Digital Map Market by Application
- Real-Time Location Data Management
- Geocoding & Geo-positioning
- Routing & Navigation
- Asset Tracking
- Other
Global Digital Map Market by Vertical
- Energy & Utilities
- Automotive
- Oil & Gas
- Building & Construction
- Government
- Travel &Transportation
- Others (Agriculture)
Regional Analysis
- 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
Company Profiles
- Alibaba Group Holding Ltd.
- INRIX, Inc.
- Inpixon
- LightBox Holdings, L.P.
- Meta Platforms, Inc.
- Maxar Technologies
- MapData Services Pty Ltd. (Esri Australia Pty Ltd.)
- ServiceNow, Inc.
- The Esri
- ThinkGeo LLC
- TomTom International BV
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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