The digital map market size has grown rapidly in recent years. It will grow from $18.36 billion in 2024 to $20.63 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to the growing demand for location-based services, rise in navigation and GIS applications, infrastructure development projects, and expansion of mobile and internet technologies.
The digital map market size is expected to see rapid growth in the next few years. It will grow to $37.13 billion in 2029 at a CAGR of 15.8%. The growth in the forecast period can be attributed to the increased use of drones for mapping and surveying, expansion of smart cities initiatives, growing demand for indoor mapping solutions, and increasing urbanization. Major trends in the forecast period include real-time mapping and dynamic updates, emphasis on 3D and high-resolution mapping, integration of AI and machine learning for map analysis, collaborations between mapping companies and autonomous vehicle manufacturers, and environmental monitoring and climate change mapping applications.
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What’s Driving the Digital Map Market?
An increase in internet penetration is expected to propel the growth of the digital map market going forward. Internet penetration refers to the percentage of a population that has access to and uses the internet. This enhances digital map usage by enabling real-time data access, updates, and user interactions, facilitating navigation and location-based services. For instance, according to DataReportal, by early 2023, approximately 5.16 billion people, or about 64.4% of the global population, were internet users. This reflects a growth of approximately 1.9% from late 2022, indicating a steady rise in digital connectivity worldwide. Therefore, an increase in internet penetration is driving the growth of the digital map market.
What are the Main Segments in the Digital Map Market?
The digital map market covered in this report is segmented:
1) By Type: Services, Solutions.
2) By Functionality: Scientific, GPS Navigation, Computerized.
3) By Service: Consulting, Development, Management.
4) By Industry: Automotive, Engineering And Construction, Logistics And Transportation, Energy And Utilities, Telecommunication.
5) By Application: Real-Time Location Data Management, Geocoding And Geo-positioning, Routing And Navigation, Asset Tracking, Reverse Geocoding.
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Which Major Companies Operate in the Digital Map Market?
Major companies operating in the digital map market include Google LLC, Apple Inc., TomTom International BV, Environmental Systems Research Institute Inc., INRIX Inc., HERE Global B. V., Mapbox Inc., Waze Mobile, Microsoft Corporation, NavInfo Co. Ltd., Baidu Inc., MapQuest Inc., Naver Corporation, Telenav Inc., Zenrin Co. Ltd., AutoNavi Software Co. Ltd., Info Systems Pvt. Ltd., Sygic a. s., OpenStreetMap Foundation, Mappy SA, Navmii Holdings plc, GeoIQ Inc., Geoapify Inc., Mapfit Inc., Geo-Innovation LLC, Mireo d. d., Kapsch TrafficCom AG, Mapwize SAS, Avenza Systems Inc., MapTiler AG
What Emerging Trends Are Shaping the Digital Map Market Landscape?
Major companies in the digital map market are developing advanced technologies such as artificial intelligence and the use of aerial image data to sustain their position in the market. For instance, in May 2022, Google Maps launched a new web mapping platform with features like artificial intelligence and the use of aerial image data. This application improves user experience, offering a digital model of streets, roads, and landmarks that helps users experience a landmark, restaurant, or venue as if they are already there.
What Is The Regional Analysis Of The Digital Map Market?
North America was the largest region in the digital map market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital map market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Digital Map Market Report 2025 Offer?
A digital map refers to a map stored in an electronic format that accurately depicts certain locations. Digital maps need lots of data and various systems, such as remote sensing, geographic information systems (GIS), and satellite imagery. These maps also help identify the routes of an area, landmarks, and locations. The Digital Map Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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