NEW YORK, May 13, 2024 /PRNewswire/ — The global digital map market size is estimated to grow by USD 13.69 bn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 22.95% during the forecast period.
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Technavio has announced its latest market research report titled Global Digital Map Market 2023-2027
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.95% |
|
Market growth 2023-2027 |
USD 13.69 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
19.56 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, India, and Germany |
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Key companies profiled |
Alibaba Group Holding Ltd., Alphabet Inc., American Digital Cartography Inc., Apple Inc., CACI International Inc., Elbit Systems Ltd., Esri, General Motors Co, Geobis International, HERE Global BV, indoo.rs GmbH, Intellias group, LightBox Holdings L.P., Mapquest Inc., MapSherpa, Microsoft Corp., NavInfo Co. Ltd., Nearmap Ltd., Sensewhere Ltd., and TomTom International BV |
Market Driver
The digital map market is experiencing significant growth, driven by the integration of Geographic Information Systems (GIS), Global Positioning Systems (GPS), and connected devices. This technology enables the provision of real-time, location-specific information to users of Internet-enabled mobile devices. Key players include Cortana, Siri, Amazon Echo, Google Now, and various APIs and SDKs. Applications span advertising, driving assistance, emergency services, entertainment, indoor object search, local traffic updates, and more. Notable industries engaging with this technology are automobile, telecommunication, e-commerce, and energy & power. Advanced GIS systems, real-time mapping, and 5G networks further enhance the capabilities of digital maps.
Market Challenges
In today’s digital landscape, the integration of location services and digital maps into mobile applications necessitates stringent adherence to data security, app security, and privacy best practices. Developers must prioritize up-to-date security standards and guidelines, ensuring their implementation across various versions and device platforms.
Robust security and privacy disciplines yield long-term benefits for companies and users, safeguarding sensitive data such as location information and personal files. Key areas of application include urban planning, transportation, public services, agriculture, and environmental sensors, among others. Real-time digital maps leverage advanced technologies like AI and ML, sensors, and location-based data for various applications, from indoor navigation to outdoor exploration and logistics. However, legal challenges and privacy concerns necessitate careful consideration and adherence to regulations.
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Segment Overview
This digital map market report extensively covers market segmentation by
Application
1.1 Navigation
1.2 Geocoders
1.3 Others
Type
2.1 Outdoor
2.2 Indoor
Geography
3.1 APAC
3.2 North America
3.3 Europe
3.4 South America
3.5 Middle East and Africa
1.1 Navigation- The Digital Map Market encompasses a range of applications, from Automotive to Home Appliances, leveraging technologies such as Geographic Information Systems (GIS), Global Positioning System (GPS), and Connected Devices. Advanced GIS systems, including Nearmap, ESRI, INRIX, MapQuest, LightBox, ServiceNow, Alibaba Group, Inpixon, META, and others, provide Real-Time Mapping and analytics for various sectors. GPS-enabled Personal Digital Assistants (PDAs) like Cortana, Siri, Amazon Echo, and Google Now utilize digital maps for navigation and real-time traffic updates. APIs and SDKs from these companies facilitate seamless integration with various applications. The E-commerce sector, including Flipkart and Alibaba, uses digital maps for location-based services and logistics optimization. AR technologies and 5G networks are poised to revolutionize digital mapping, offering enhanced user experiences. Telecommunication companies are investing in advanced GIS systems for energy & power infrastructure management, while the Automobile industry is adopting digital maps for driver assistance applications, real-time tracking systems, and theft recovery. GNSS technologies like BeiDou, Galileo, and Aurora Insight are essential components of digital mapping, ensuring accurate location data. The growing demand for digital maps is driven by the increasing use of connected devices, IoT services, and the integration of GIS systems with various industries.
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Research Analysis
In the dynamic and interconnected world of the 21st century, the Digital Map Market plays a pivotal role in harnessing the power of Geographic Information Systems (GIS), Global Positioning Systems (GPS), and advanced technologies such as Cortana, Siri, Amazon Echo, and Google Now. These tools enable Real-Time Mapping and Map Analytics, transforming Spatial Data into valuable insights. Connected devices, including PDAs and other Internet-enabled gadgets, facilitate access to APIs and Real-Time Tracking Systems. The Digital Map Market extends its reach to various sectors, including Energy & Power, Automobile, Telecommunication, and more. Advanced GIS technologies provide detailed information on Terrain, Roads, Buildings, and Rivers, ensuring accurate and up-to-date data. Computer technology and the Internet have revolutionized the way we access and utilize Geographic Information, making it an essential component in numerous industries.
Market Research Overview
In the realm of digital innovation, the Digital Map Market emerges as a significant player. This marketplace offers a Geographic Information System (GIS), Global Positioning System (GPS), and mapping solutions for various applications. These include real-time tracking, asset management, logistics optimization, and more. The market caters to diverse industries such as transportation, retail, construction, and environmental sectors. Advanced technologies like Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT) are integrated into these solutions to provide accurate, efficient, and user-friendly services. The Digital Map Market also ensures data security and privacy, making it a trusted choice for businesses worldwide. With the increasing demand for location-based services, this market is poised for growth and innovation.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Application
Navigation
Geocoders
Others
Type
Outdoor
Indoor
Geography
APAC
North America
Europe
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio