Digital Map Market - Trends Forecast Till 2028

Market Overview

The global digital map market size is estimated to reach a CAGR of 14.80% from 2021 to 2028.

The digital map also called as cartography is an electronic map, which operation is based on a combination of graphic elements assigned to it in the form of electronic information. It is based on naturally harvested and processed into digital cartographic data.

Significant rise in demand from navigational application developers and Geographical Information System (GIS) providers, driven by a growing end-user base, and prolific rise in the number of smartphone and internet users are some of the factors that have supported long-term expansion for Digital Map Market.

Regional Analysis

The APAC digital map market is experiencing a disruptive growth, owing to its rapidly growing number of internet subscribers and consumption of internet over smartphones and other portable devices. The market is expected to grow at an even higher rate than present due to the ever-increasing consumption of content in major APAC economies such as China, India, Australia, Japan, Singapore, and Hong Kong are the major contributing factors for the growth of the digital map market in this region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• ESRI, Inc.
• Google, Inc.
• DigitalGlobe, Inc.
• Apple Inc.
• HERE Holding Corporation
• Getmapping PLC
• Micello, Inc.
• TomTom International B.V

Recent Developments

• In July 2019, Esri partnered with Mobileye to integrate advanced data collection capabilities of Mobileye into Esri’s platform as native service. The integration enabled Esri customers to visualize and analyze real-time HD maps.
• In June 2019. TomTom collaborated with European Union Data Task Force (DTF) for innovative road safety solution by working on the Proof of Concept (PoC) to improve road safety; in PoC vehicles and infrastructure data are shared between countries and manufacturers. This technology enables vehicles to detect and warn occupants about dangerous road conditions.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Digital Map Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope