Global Digital Map Market 2024-2028
The digital map market is forecasted to grow by USD 19754.7 mn during 2023-2028, accelerating at a CAGR of 26.06% during the forecast period. The report on the digital map market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of intelligent pdas, proliferation of social networking, and increased adoption of iot devices.
Technavio's digital map market is segmented as below:
By Application
- Navigation
- Geocoders
- Others
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the availability of location-based services as one of the prime reasons driving the digital map market growth during the next few years. Also, adoption of digital maps by smartphone manufacturers and advent of autonomous driving will lead to sizable demand in the market.
The report on the digital map market covers the following areas:
- Digital map market sizing
- Digital map market forecast
- Digital map market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital map market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., American Digital Cartography Inc., Apple Inc., CACI International Inc., Elbit Systems Ltd., Esri Global Inc., General Motors Co., Geobis International, HERE Global BV, indoo.rs GmbH, Information Technologies Institute Intellias LLC, LightBox Holdings L.P., Mapquest Inc., MapSherpa, Microsoft Corp., NavInfo Co. Ltd., Nearmap, Sensewhere Ltd., and TomTom NV. Also, the digital map market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.