A new study estimates that the global digital mapping market will reach USD 16.15 million by 2027. This represents a 13.0% CAGR from 2020-2027. Due to a growing number of end-users, the market will see a significant demand for both navigational software developers and Geographical Information System providers (GIS). The increasing number of internet-connected smartphones has accelerated market growth. The demand for digital maps is expected to rise due to increased connectivity and semi-autonomous car use, as well as anticipated advancements in self-driving, navigation, and other technologies.

Digital map technology found its place in many industries, including energy and power, transportation, logistics, government, construction, and transportation. It offers advanced GIS, map analytics, and real-time tracking.

Driving Factors

An increase has helped the rapid growth of global digital map markets in the number and use of the internet worldwide. The global digital map market will grow significantly as consumers depend more on digital mapping apps like Google Maps to find locations such as restaurants, ATMs, clinics, and other establishments.

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Restraining Factors

On the other hand, large investments in information gathering are expected to limit the growth of the digital map market.

Market Key Trends

Geographic Information System is a key technology in digital map solutions. The GIs vendors are developing mobile-based geospatial sensor platform platforms. Digital map solutions are evolving with vector development techniques and map simulation techniques.

GIS-powered maps can be used to increase user access and enable real-time map execution. Data analytics is another emerging area to supplement the application of GIs with spatiotemporal and multidimensional connectivity.

Recent development

  • February 2019 – HERE Technologies created an innovative map, “HERE Cellular Signals,” to show updated information about mobile networks’ performance on roads in 196 countries. This new map will enable telecom solutions providers to improve customer satisfaction by allowing them to manage their telecom networks effectively.
  • January 2018: TomTom International B.V. launches “TomTom AutoStream,” an innovative map delivery service for autonomous driving. This new digital solution for automotive mapping is expected to increase automotive industry demand and highlight Tom Tom’s expertise in this area.
  • Inpixon Asset Tag was created in June 2021 to manage transportable rooms, medical instruments, and repair field machinery.
  • Inpixon created the RTLS Anchor board in February 2021. It was a platform intended to encourage the widespread deployment of real-time location services (RTLS) within mainstream market operations.

Key Companies

  • Apple
  • TomTom
  • Google
  • AutoNavi
  • Micello
  • NavInfo
  • HERE
  • Baidu Maps
  • WikiMapia
  • Yahoo
  • MapmyIndia
  • Bing Maps
  • WoNoBo
  • ArcGIS Online
  • GeoMapserver
  • Mappy
  • Inrix
  • MapQuest
  • Bhuvan
  • Magellan Navigation

Segmentation

Type

  • Paid Software
  • Free Software

Application

  • Personal Use
  • Commercial Use

Frequently Asked Questions (FAQ) :

  • What rate will the market grow in the next few years?
  • What is the market size projected to occur by 2023?
  • Which are the top market players, according to the report?
  • What factors can slow down market growth?
  • What are the most popular uses of digital maps?
  • What functionality-wise are the segments of the market?
  • What is a Digital Map?
  • What are the key types of mapping that use digital map solutions?
  • What are the main drivers for the growth of digital map markets?
  • Which are the top vendors in the digital mapping market?
  • What is the market study period?
  • What is the growth rate for Digital Map Market?

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