- Services
- Solutions
- GIS Services
The digital map market is valued at USD million in 2021 and is poised to grow at a significant CAGR of 14.4% over 2022–2028. The development of digital mapping and GIS is influenced by a wide range of factors, including the market's demand for technology that requires unheard-of levels of accuracy, such as smart automobiles, and ever-sophisticated geospatial analytics software. The speed at which one can update information is one of digital mapping's most important contributions to the field of GIS. For instance, open-source mapping and geospatial data projects allow anybody with GIS expertise to produce maps, distribute data, and generate insights that are immediately useful to those who require them. Crowdsourced data can be complemented with precise imagery when combined with technology like drones and sophisticated image recognition software. Numerous titans of digital mapping, like Google, HERE Technologies, and industry leaders in cloud computing like Amazon Web Services, have made improving image recognition software a primary focus. Due to an exceptional level of accuracy, machine learning algorithms have dominated the field of image identification for the past few years.
Recent Market Developments:
In June 2021, Inpixon Asset Tag was introduced by npixon and was created to track elevated things such as transportable chambers, medical equipment, repair field machinery, confidential products, devices, cars, and bots.Global Digital Map Market Summary
Study Period
2023-29
Base Year
2022
CAGR
14.4%
Largest Market
Asia-Pacific
Fastest Growing Market
North America
Digital Map Market Dynamics
The Digital Map market in Asia Pacific is expected to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. For the development of rural and agricultural areas, geospatial technologies are used. Companies in this area work in the fields of engineering, building, manufacturing, insurance, and agriculture. These sectors employ GIS technologies to locate potential markets and geospatial data to guide their strategic choices. As a result, the market for digital maps in the Asia Pacific region will benefit from the growth of geospatial data in the region. Geospatial technologies are used to advance rural and agricultural areas. These industries use geospatial data to inform their strategic decisions and GIS technologies to find future markets. Asia Pacific digital map market is expected to offer lucrative opportunities in the future .
Asia-Pacific Got Significant Share
Digital Map Market
The Digital Map market in Asia Pacific is expected to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. For the development of rural and agricultural areas, geospatial technologies are used. Companies in this area work in the fields of engineering, building, manufacturing, insurance, and agriculture. These sectors employ GIS technologies to locate potential markets and geospatial data to guide their strategic choices. As a result, the market for digital maps in the Asia Pacific region will benefit from the growth of geospatial data in the region. Geospatial technologies are used to advance rural and agricultural areas. These industries use geospatial data to inform their strategic decisions and GIS technologies to find future markets. Asia Pacific digital map market is expected to offer lucrative opportunities in the future .
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The digital map market report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Digital Map Market Segmentation
By Component
mapping type
- 3D and 4DÂ Metaverse
- Indoor Mapping
- Outdoor Mapping
By Application
- Asset Tracking
- Geocoding and Geo-positioning
- Real-Time Location Data Management
- Reverse Geocoding
- Routing and Navigation
- Other Applications
Frequently Asked Questions
The digital map market is projected to expand at a CAGR of 14.4% during the forecast period
Microsoft, MapmyIndia, MapMan, Mapbox, Living Map, INRIX
Asia Pacific is the fastest-growing region for digital map market
- TomTom
- OpenStreetMap
- NavInfo
- MiTAC International Corporation
- Microsoft
- MapmyIndia
- MapMan
- Mapbox
- Living Map
- INRIX
- Digital Mapping Solutions
- Digital Map Products
- AutoNavi
- ARC Aerial Imaging Limited