Global Digital Map Market Report 2023-2028: Increasing Adoption of Smartphones, IoT Devices, and the Expanding E-Commerce Industry Drive $17 Billion Industry

DUBLIN, May 9, 2023 /PRNewswire/ -- The "Global Digital Map Market Report and Forecast 2023-2028" report has been added to  ResearchAndMarkets.com's offering.

According to the report, the global digital map market attained a value of USD 17.32 billion in 2022. Aided by the increasing adoption of smartphones, IoT devices, and the expanding e-commerce industry, the market is projected to further grow at a CAGR of 14.0% between 2023 and 2028 to reach a value of USD 37.79 billion by 2028.

One of the key factors driving the global digital map market growth is the increasing adoption of smartphones and IoT devices. With the proliferation of smartphones, users have access to digital maps through various applications, such as Google Maps and Apple Maps, which provide real-time navigation and location-based services. Additionally, the integration of IoT devices with digital maps allows for more accurate and efficient tracking and monitoring of assets, vehicles, and people, further propelling the digital map market.

Furthermore, the increasing focus on smart city initiatives across the globe is also fuelling the digital map market expansion. The integration of digital maps with a range of smart city applications, including traffic control, mass transit, and emergency response services, is anticipated to open up new growth prospects for the market in the years to come.

Another significant trend influencing the global digital map market is the development of advanced mapping technologies like 3D mapping and real-time data analytics. With the help of 3D mapping technology, more precise and realistic digital maps can be produced, giving consumers a better understanding of the spatial relationships between various geographic objects. Also, the market is anticipated to increase as a result of the growing use of digital maps in the autonomous vehicle industry. As the development and adoption of autonomous vehicles accelerate, the demand for high-quality digital maps is expected to increase, propelling the digital map market.

Market Segmentation

The market can be divided based on type, functionality, application, end use, and region.

Market Breakup by Type
Software Solutions

• Web Based
• Desktop
• Mobile App
• Maps
• Services

Market Breakup by Functionality

• Computerised
• Scientific
• GPS Navigation

Market Breakup by Application

• Indoor Applications
• Outdoor Applications

Market Breakup by End Use

• Government and Utilities
• Automotive
• E-Commerce and Retail
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global digital map companies. Some of the major key players explored in the report are as follows:

• Environmental Systems Research Institute (ESRI), Inc
• Google LLC (Alphabet Inc)
• TomTom NV
• Mapbox, Inc
• Maxar Technologies Inc
• Apple, Inc
• HERE Global B.V
• Others

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Market Snapshot

7 Opportunities and Challenges in the Market

8 Global Digital Map Market Analysis

9 North America Digital Map Market Analysis

10 Europe Digital Map Market Analysis

11 Asia Pacific Digital Map Market Analysis

12 Latin America Digital Map Market Analysis

13 Middle East and Africa Digital Map Market Analysis

14 Market Dynamics

15 Competitive Landscape

16 Key Trends and Developments in the Market

Companies Mentioned

• Environmental Systems Research Institute (ESRI), Inc.
• Google LLC (Alphabet Inc.)
• TomTom NV
• Mapbox, Inc.
• Maxar Technologies Inc.
• Apple, Inc.
• HERE Global B.V.

For more information about this report visit https://www.researchandmarkets.com/r/1s18rj

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SOURCE Research and Markets