Global Digital Map Market Report (2022 to 2027) - Players Include TomTom, Mapbox and Maxar Technologies - ResearchAndMarkets.com

The "Global Digital Map Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

According to this report the global digital map market is expected to rise from USD 15.29 billion in 2021 to USD 33.18 billion by 2027, growing at a CAGR of 13.9% in the 2022-2027 forecast period.

Digital map is defined as a geographical data stored in a computer with a graphical user interface (GUI). Digital map allows a user to interpret road map, hiking map, divisions, railway stations, and airports, among others.

Digital maps are known to provide accurate data about a particular area with a detailed virtualisation. As compared to the traditional maps on paper, digital maps are convenient, reliable, cheap, fast, and accurate. Rising technologies, such as satellite imagery and global positioning system (GPS), allow the digital maps to be installed in handy electronic devices while making the access to maps easier.

The growing adoption of devices, such as smartphones, tablets, computers, and laptops, among others, is bolstering the digital navigation, which is likely to invigorate the digital map market. The growing adoption of digital mapping technology in the e-commerce and private transportation, among others, owing to the reliability and accuracy, is anticipated to propel the market growth in the forecast period. Furthermore, the rising application of digital maps in agriculture industry for monitoring soil conditions and geographic exploration is anticipated to aid the market in the forecast period.

In terms of region, North America accounts for a significant share in the market owing to the rapid digitalisation and technological advancements in the increasing penetration of digital maps in the e-retail, and travel and hospitality sector. The strong foot hold of major market players in the region is anticipated to garner significant market growth in the forecast period.

Market Segmentation

The market report analyses the market based on segmentations such as type, functionality, application, end use, and major region.

Market Breakup by Type

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

Market Segmentation by Functionality

• Computerised
• Scientific
• GPS Navigation

Market division by Application

• Indoor Applications
• Outdoor Applications

Market classification 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 mergers and acquisitions, among other major developments, of the key players in the industry.

Some of the major players in the market explored in the report are:

• 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/4kk8xq

View source version on businesswire.com: https://www.businesswire.com/news/home/20220517005762/en/