- 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 2022â€“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.
Fastest Growing 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 .
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