Dublin, April 08, 2022 (GLOBE NEWSWIRE)-The Global Digital Map Market with COVID-19 Impact Analysis by Component (Solutions, Services), Type of Mapping (Outdoor Mapping, Indoor Mapping), Application, Industry Vertical , and Regions (North America, Europe, APAC, MEA, Latin America) – The 2026 report “was added to ResearchAndMarkets.com’s alay.
The size of the Digital Map Market will grow from USD 19.2 billion in 2021 to USD 37.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.1%
Various factors such as increasing spending on the use of newer technologies, changing customer intelligence landscape to drive the market, and proliferation of customer channels are expected to drive the use of Digital technologies and services. Map.
Digital maps primarily integrate navigation, routing, and other similar capabilities and streamline geospatial services. End-users of digital maps include natural resource companies, logistics partners, government, and homeland security. Today, most drivers use maps for navigation purposes, such as positioning themselves, planning trips, and deciding on the shortest possible route.
However, human driving is expected to be gradually replaced by in-vehicle automated systems, leading to a greater demand for digital maps. The maps designed for the machines are highly accurate and realistic and provide an exact representation of the roads. These maps are commonly referred to as High-Definition (HD) maps.
The digital map market is expected to grow due to several factors, such as increasing availability of spatial data and analytical tools, growing focus on Business Intelligence (BI), intensifying market competition, and decreasing cost of solutions. Additionally, technological advances, such as the global deployment of 3G and 4G wireless services, have created ubiquitous connectivity.
The enhancement of connectivity technologies, coupled with the growing interest in personalizing services based on users ’location information, has boosted the growth of the digital map market. Moreover, realizing cost benefits by deploying solutions for organizational assets that cover both personnel and vehicle tracking and management is expected to drive market growth.
The GPS-Enabled Services solution segment will have the highest CAGR during the forecast period
Through the solutions, the digital map market is split into mapping data, web mapping and GPS Enabled Services. The CAGR of the GPS-Enabled Services solution is estimated to be maximum during the forecast period. Global positioning solutions are primarily defined as a range of services that provide hand-maps that include routing, traffic updates, and other support functions. Automated Driver Help Service (ADAS), automated vehicles, linked mapping, brake assist, etc. are among the key use case scenarios for GPS enabled services.
The Cross-Platform Support segment held a higher CAGR during the forecast period
The digital map market is segmented by consulting services, Cross-Platform Support and Deployment and integration. The market for Cross-Platform Support is expected to register a higher CAGR during the forecast period. Cross-platform support services help maintain digital map solutions implemented along multiple platforms. In addition, facility inspections, and education, as well as full-time assistance for modern infrastructure map software, are included in maintenance and support services.
In the regions, APAC holds the highest CAGR during the forecast period
APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it experiences many new entrepreneur setups, using newer technologies to have a competitive advantage over established players. China, Japan, and India have shown ample growth opportunities in the digital map market.
Competitive Landscape
Some of the major players exercising active dominance in the digital map market include Google Inc. (Google), TomTom International BV (TomTom), Esri, HERE Technologies (HERE), Digital Map Products Inc., Nearmap, Apple Inc. (Apple), MapQuest, and INRIX Technology, Inc.
Premium Insights
- Growing Number of Applications to Support Market Growth
- Infrastructure Development and Vertical Construction Expected to Account for Largest Market Size in 2021
- Routing and Navigation and Infrastructure Development and Construction Segments Expected to Account for Large Market Share
Market Dynamics
Drivers
- Rising Adoption of Mobile Computing Devices for Navigation
- Significant Growth in the Use of Geospatial Information
Restrictions
- Lack of Expert
- Regulations and Legal Issues
Opportunities
- Rising Demand for Real-Time Data Mapping
- Increasing Implementation of 5G Networks
Challenges
- User Privacy and Security Concerns
- Digital Market Map: Impact of COVID-19
Digital Map: Evolution
Case Study Analysis
- Energy and Utility Case Study: Environmental Protection with a Clear Image
- Transportation and Logistics Case Study: Stantec Leads in Digital Transformation
- Oil and Gas Case Study: Supporting the Entire Gis Process
- Labor and Mining Case Study: Siemens Achieves Automation and Digitalization Business Goals at Servicenow
- Telecom Case Study: Using Gis and Geospatial Data for Mapping and Customer Service in Telecommunications
- Healthcare Case Study: Vitas Uses the Service Today to Improve Patient and Employee Experiences
- BFSI Case Study: Providing a Better Customer Experience Using Digital Solutions
- Transportation and Logistics Case Study: Rapid Tracking of Rail Incident Response
Technology Analysis
- AI and Digital Map
- Ml and Digital Map
- IoT and Digital Map
- Cloud Computing and Digital Maps
- Blockchain and Digital Map
Regulatory Implications
- Sarbanes-Oxley Act of 2002
- General Data Protection Regulations
- California Consumer Privacy Act
- International Organization for Standardization 27001
- Personal Data Protection Act
- Open the Geospatial Consortium
- World Wide Web Consortium
Company Profiles
- Alibaba Group
- Apple
- Caliper Corporation
- Emapa
- Esri
- Geocento
- Geospin
- Geoverra
- Dito Technologies
- Indooratlas
- Inpixon
- Inrix
- Lightbox
- Mapidea
- Mapmyindia
- Mapquest
- Map
- Meta
- Nearmap
- Oneview
- Orbital Insight
- Service now
- Tomtom
- Urthecast
For more information about this report visit https://www.researchandmarkets.com/r/rdq5lc
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Global Digital Map Market
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