The digital map market is estimated to capture a valuation of USD 18.3 billion in 2023 and is projected to reach USD 73.1 billion by 2033. The market is estimated to secure a CAGR of 14.8% from 2023 to 2033.
Increasing adoption of geospatial data and software within different vertical segments, coupled with growing demand for GIS software, are some of the major factors responsible for boosting the growth of this market.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 14.8% |
| Market Valuation (2023) | USD 18.3 billion |
| Market Valuation (2033) | USD 73.1 billion |
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Smartphones and tablets are becoming more advanced due to rapid technological change. Smartphones come with preloaded map software, which can locate points of interest. It has been widely reported that smartphone owners use mapping applications for navigation and driving assistance.
These users use Geographic Information System (GIS) applications and GPS technology to access comprehensive geo-referenced database information that helps them locate nearby restaurants, banks, cinema halls, and other landmarks. To capture accurate 3D spatial information, mobile computing devices are widely adopted in the digital maps market.
Digital maps are growing in popularity due to the increasing adoption of digital technology in data collection and analysis and the increasingly widespread use of digital maps in the industrial sector. As digital map technology providers face an increasingly competitive landscape, they are increasing their product portfolios and enhancing their technology to offer customers more detailed and user-friendly maps.
Motorized stations and GPS technology are used in the digital maps market as a substitute for the optical and mechanical instruments used previously for surveying. Increasing the coverage of remote areas and updating the technology on a real-time basis are the latest trends in digital maps.
Organizations and government agencies that rely on geospatial technologies and analytics are often unable to realize the full potential of these technologies. The lack of experienced professionals familiar with spatial data and related issues has created a problem for the growth of digital maps in the market.
Digital mapping solutions have faced problems with the inadequacy of knowledge and awareness, which has slowed their adoption, as a result of which they are still slow to be adopted in the market. It is, therefore, possible to encourage the market adoption and growth of the global digital maps market by fostering information flow through several channels, such as forums, blogs, seminars, and return on investment studies.
GPS and location mapping have become essential to mobile device users with the help of mobile computing devices. Users can gather information about places they visit frequently, such as their home and office locations.
Hackers can access user accounts using such information and personal details, such as passwords, IP addresses, or files, such as audio or video. Effective methods must be found to limit the dissemination of GPS information and protect the privacy of people who use their phones.
Additionally, GPS data is shared between applications and operating systems, posing a risk of data privacy violations. All these factors are hampering the growth of the market.
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The market captured a valuation of USD 10 billion in 2018 and USD 16.2 billion in 2022, with a CAGR of 12.7% between 2018 and 2022. Increasing demand for digital images and transportation analysis in areas such as logistics and communications contribute to significant growth in this period.
The demand for improved user-friendly applications and the enhancement of business operations has contributed to the growth of digital maps in the market. With advances in GIS, map analytics, and real-time tracking systems, digital maps represent a potential part of various industries like automotive, mobile & internet, energy & power, logistics, government & utilities, real estate/construction, and others.
Massive fleets have become available to meet consumer demand for on-demand ride services and serve a more diverse delivery service fueled by e-commerce. As part of the mobility services category, moving packages and moving riders rely on efficient drivers who can coordinate multiple parties seamlessly in the real world. As a result, mobile operators rely on geospatial data and technologies from providers like Google Maps Platform to provide all of these features.
Growing demand for 5G technologies and continuous technological advancements in the IT sector has helped propel the growth of digital maps software solutions in the market. Software solutions are estimated to capture a share of 43.2% during the forecast period.
Increasing adoption of 3-D and 2-D views of geographic locations has increased market growth for software solutions. Various developers constantly compete to provide more detailed and comprehensive maps to consumers on the market to satisfy their customers' demands.
To gain significant financial benefits and added value, digital mapping tools, and software applications have seen an exponential increase in demand as companies of all sizes gain a greater understanding of the capabilities of these tools in the digital map market.
Many companies and businesses, both large and small-sized, in e-commerce, food, automation, etc., are competing in the marketplace to deliver products to customers on time.
As part of the infrastructure life cycle, digital maps play a significant role in the construction and engineering fields. Further, these solutions assist construction engineers in managing and sharing their data, creating reports, and visualizing the data they generate, so that the information can be analyzed and communicated with others. Maps can decrease network maintenance costs as well as improve safety measures.
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Outdoor mapping dominates the market by securing a maximum share of 75.2% during the forecast period. Automotive is among the well-known verticals that rely on maps for navigation. In addition, many industries, such as logistics, travel, and transportation, make extensive use of navigation software applications. Innovative city initiatives promote the adoption of digital maps on a wide scale through integrated platforms, such as ride-sharing, traffic updates, route updates, and weather forecasts.
The constant development of automobiles has spurred the market for digital maps to grow. As a result of the increasing demand for autonomous vehicles in the market, the need for digital maps continues to rise. Market demand for weather reports, agricultural reports, and mining reports for government and private firms would also contribute to the market demand for outdoor maps.
Smartphone usage has risen dramatically over the past few years. With smartphones, including radio chips, users can access mapping services online and positional information by connecting to satellite navigation systems to find their location automatically.
For instance, people turn to map applications such as Google Maps for directions and location-based searches to find restaurants, banks, pharmacies, gas stations, and ATMs. These trends have been fueled by the growing popularity of smartphones in the market.
| Countries | Current Market Share 2023 |
|---|---|
| United States | 16.5% |
| Germany | 9.1% |
| Japan | 7.1% |
| Australia | 3.5% |
| Countries | Current Market CAGR 2023 |
|---|---|
| China | 16.7% |
| India | 18.7% |
| United Kingdom | 15.4% |
North America is expected to hold the maximum share of 24.4% globally by 2033. North America has become a significant market by increasing the adoption of advanced technology in the region, which is one factor favoring the market's growth.
Due to the early adoption of technological advancements and the high amount of Research and Development investment in this region, the United States digital map market is expected to account for a total share of 16.5% by 2033. In addition, the significant number of players operating in the digital map space across regions is estimated to further drive the market forward due to the presence of large automakers in this region and the employment of digital maps.
A rising trend in the development of automatic vehicles on the market has been a critical contributor to the growth of digital maps in this region. According to the forecast, Asia-Pacific is expected to grow significantly during the forecast period. During the forecast period, China is securing a CAGR of 16.7% in the global market.
The constant advancement of technology and the expansion of large IT firms in many developing nations have further created a demand for the digital maps market. A significant shift in technological adoption has occurred in countries including China, India, Japan, and South Korea in recent years.
The increasing adoption of digital maps in all these Asian countries is estimated to be influenced by increasing demand for e-commerce applications, mobile technology, logistic management, and monitoring of the environment. During the forecast period, India is projected to reach a market value of USD 1.4 billion with a CAGR of 18.7%.
Over the forecast period, Japan is projected to achieve a share of 7.1% in 2033. To handle their logistical demands for the fast movement of raw materials and goods, China and India are developing their road networks to counterbalance the logistic order. Further, the increasing demand for intelligent maps for use in automobiles is also contributing to the growth of the market in the region.
The International Geological Mapping Project (IGME 5000) is a major Europe-wide geological GIS map project that is managed and administered by the Federal Institute for Geosciences and Natural Resources (BGR) under the auspices of the Commission for the Geological Map of the World (CGMW).
BGR and its predecessors have maintained a long tradition of producing international geoscientific maps of Europe. During the forecast period, the digital maps market in the United Kingdom is expected to grow at a compound annual growth rate of 15.4%. The increased potential arising from the growing presence of automation market players has enhanced the use of digital maps.
Manufacturers can increase production and meet consumer demand through strategic partnerships, increasing their revenues and market share. Introducing new products and technologies is estimated to allow end-users to reap the benefits of new technologies. Expanding the company's production capacity is one of the potential benefits of a strategic partnership.
Other Essential Players in the Global Digital Map Market are:
Recent Developments in the Global Digital Map Market are:
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Type, Application, Region |
| Key Companies Profiled | TomTom NV; HERE Technologies; Apple Inc.; Alibaba Group; Navinfo Co., Ltd; INRIX Inc.; Baidu, Inc.; MapBox Inc.; Environmental Systems Research Institute (ESRI); Alphabet Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The digital map market is predicted to expand at a 14.8% CAGR through 2033.
The outdoor mapping sector drives the digital map market.
The digital map market is expected to surpass USD 73.1 billion by 2033.
The digital map market is anticipated to be USD 18.3 billion in 2023.
The United States is dominating the global digital map market by 2033.
The market was valued at USD 16.2 million in 2022.
The market will be worth USD 73.1 million by 2033.
The software solutions are expected to record a 43.2% CAGR.
The United States is estimated to hold a 16.5% share of the market.
Digital maps are estimated to exhibit a 14.8% CAGR until 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Software Solutions 5.1.1. Web-based 5.1.2. Desktop 5.1.3. Mobile App 5.2. Maps (data) 5.3. Services 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Indoor Navigation/Positioning 6.1.1. Airports 6.1.2. Retail Stores 6.1.3. Health Care Facilities 6.1.4. Educational Institutes 6.1.5. Museums 6.1.6. Other 6.2. Outdoor Maps 6.2.1. Automotive 6.2.2. Mobile & Internet 6.2.3. Government & Utilities 6.2.4. Real Estate/Construction 6.2.5. Energy & Mining 6.2.6. Agriculture 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. South Asia 7.5. East Asia 7.6. Oceania 7.7. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. TomTom NV 17.2. HERE Technologies 17.3. Apple Inc. 17.4. Alibaba Group 17.5. Navinfo Co., Ltd 17.6. INRIX Inc. 17.7. Baidu, Inc. 17.8. MapBox Inc. 17.9. Environmental Systems Research Institute (ESRI) 17.10. Alphabet Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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