The latest report by IMARC Group, titled “Digital Map Market Report by Type (GIS, LiDAR, Digital Orthophotography, Aerial Photography, and Others), Usage (Indoor, Outdoor), Solution (Software, Services), Deployment Mode (Cloud-based, On-premise), Application (Real-Time Location Data Management, Geocoding and Geopositioning, Routing and Navigation, Asset Tracking, and Others), End-Use Industry (Automotive, Engineering and Construction, Logistics and Transportation, Energy and Utilities, Military, Aerospace and Defense, and Others), and Region 2024-2032“, The global digital map market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032. 

A digital map is a modern representation of geographic data that is stored and accessed electronically. It utilizes a mix of sources like satellite imagery, GPS data, and aerial photography to create detailed visuals that can be viewed on computers, mobile devices, or other digital platforms. These maps range from global views to local street-level details and allow for customization through layering information. Users can interact with the maps to get directions, explore locations, analyze data, and make informed decisions in various fields such as transportation, urban planning, disaster management, marketing, and tourism.

Digital Map Market Trends and Drivers:

The market is experiencing significant growth due to the rising demand for location-based services (LBS). The increasing prevalence of smartphones and other mobile devices has enabled the seamless integration of digital maps into a wide range of applications, from ride-hailing services to food delivery and retail, driving market expansion. Various businesses are leveraging location data to tailor their offerings, enhance logistics, and boost customer engagement, contributing to market growth. For example, retailers are utilizing digital maps to offer targeted promotions and advertising based on location, leading to increased foot traffic and customer loyalty. Additionally, the integration of Internet of Things (IoT) technology and connected devices, along with the need for real-time data visualization and analysis, is serving as a key driver for market growth. Digital maps provide a dynamic platform for monitoring IoT devices, sensors, and assets over large geographical areas, further fueling market expansion. Industries such as transportation, logistics, and agriculture rely on digital maps for tracking vehicle fleets, optimizing supply chains, and improving agricultural practices, accelerating market growth. The emergence of advanced technologies like augmented reality (AR) and virtual reality (VR) is fostering innovation in the digital maps sector. AR and VR applications are revolutionizing how individuals interact with maps by overlaying digital information onto the physical world or creating immersive virtual environments, boosting market growth. Businesses in tourism, real estate, gaming industries are using AR-VR powered digital maps to deliver engaging experiences to their customers. Furthermore; the development and adoption of autonomous vehicles such as self-driving cars depend heavily on high-precision digital mapping for navigation purposes; providing crucial data like real-time traffic updates; road conditions; points of interest ensuring safe autonomous journeys thereby creating a positive outlook for the market.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/digital-map-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Apple Inc.
• Collins Bartholomew
• Digital Map Products Inc. (LightBox)
• Environmental Systems Research Institute Inc.
• Getmapping
• Google LLC (Alphabet Inc.)
• HERE Technologies
• MAPQUEST INC. (America Online)
• Maxar Technologies
• Nearmap
• ThinkGeo LLC
• TomTom International B.V.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163