The global digital map market size is estimated to reach USD 12,268.3 million by 2025, growing at a CAGR of 12.1% from 2019 to 2025, according to a new study by Grand View Research, Inc. The market is expected to witness substantial demand from navigational application developers and Geographical Information System (GIS) providers, who in turn are driven by a growing end-user base. The prolific rise in the number of smartphone and internet users has further augmented market growth at the global level.
Digital cartography has been gaining increasing attention in recent years owing to a rapid growth in demand for geospatial information. The growth in the number of connected and semi-autonomous cars, anticipated developments in self-driving and navigation technology, and an increase in the overall number of cars in developing countries are expected to drive the growth for digital maps across the globe.
Applications such as smart parking, location, traffic and congestion intelligence, and logistics management need routing and congestion updates in real time. As digital cartography has been developing at a rapid rate, it can support these applications with data feeds and information. In addition, the increasing number of businesses that are using location-based services for marketing and advertising is also estimated to enhance the demand growth in coming years.
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Digital mapping is also finding renewed demand in the government & public sector as the demand for environmental and topographical information systems is on the rise. Furthermore, the need to maintain an updated information system for law enforcement officials, defense forces, and local governing bodies in light of recent manmade and natural threats is anticipated to propel the demand for maps.
Smooth interaction between maps and information systems is one of the most important criteria for product success in the market owing to which vendors are expected to focus more on data integration over the forecast period. As the industry matures, key players are anticipated to indulge in mergers and acquisitions in order to keep abreast of the market developments and maintain a competitive edge in a rapidly evolving technological landscape.
Further key findings from the study suggest:
- Digital orthophotography is anticipated to emerge as the fastest-growing segment over the forecast period owing to the growth of image-processing, data analysis technology, and the increasing applications in multiple end use segments such as automotive and mobile devices.
- Management services are expected to witness significant growth for digital map market over the forecast period due to the growing demand for development, deployment, and integration of advanced digital maps for business analysis and earth mapping.
- Automotive is expected to witness fastest growth over the forecast period due to the increasing collaborations and partnerships between automotive manufacturers, in-dash navigation system providers, and digital map data providers for integration of advanced real-time navigation systems.
- Revenue generation models are estimated to differ considerably over the coming years with some vendors opting for revenue generation from data and information sales, while others opting for location-based services. There is also a high probability of vertical integration in the industry.
- Developing regions in the world are expected to witness exploration activities, whereas developed countries would witness a growth in demand for real-time data and information.
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Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Digital Map Market – Industry Snapshot & Key Buying Criteria, 2014 – 2025
2.2 Global digital map market, 2014 – 2025
2.3 Global digital map market, by region, 2014 – 2025
2.4 Global digital map market, by type, 2014 – 2025
2.5 Global digital map market, by usage, 2014 – 2025
2.6 Global digital map market, by service, 2014 – 2025
2.6.1 Global digital map market, by management services, 2014 – 2025
2.7 Global digital map market, by application, 2014 – 2025
2.7.1 Global digital map market, by automotive, 2014 – 2025
2.7.2 Global digital map market, by mobile devices, 2014 – 2025
… continued
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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