Global Digital Map Market is valued at USD 10.14 Billion in 2021 and expected to reach USD 24.95 Billion by 2028 with a CAGR of 13.7% over the forecast period.
Global Digital Map Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029. Increasing adoption of advanced technologies for surveying and digital map-making is the key factor driving the growth of the Digital Map Market.
Digital Mapping involves the collection and collection of data to create virtual images. It accurately represents a specific geographical area, main roads, rivers and airports, shopping complexes, restaurants, tourist attractions, and future signs and colors as hospitals in and around a particular area. It is also useful to calculate the total distance from one place to another as well as the total time required to get to the actual place considering the traffic. Digital mapping has become mainstream and opened up a whole new range of possibilities in recent years.
The first map was used in 1507 with the name of America. Additionally, in the 17th, 18th, and 19th map become accurate and factual. Emerging in the 1970-80 decades, replacing traditional paper cartography with a single database of paper and displaying geographic information, this GIS digital system had maps with digital screens and digital memory as a display system. Moreover, the first appeared in the Sputnik era and experts were able to track satellites with shifts in its radio signals. They move cars, ships, planes, mobile phones, etc. slowly and steadily.
The Covid-19 has shown a mixed impact on the growth of the global digital map market. It has increased the demand for digital map offerings for aiding in tracking Covid-19 across the world. However, its demand has shown a decline in other industries like construction, agriculture, and others as most of the activities are stopped due to lockdown globally.
Digital maps have become an imperative part of daily lives among many consumers across the world. Due to manifold beneficial aspects and the ongoing paradigm shift towards digitalization, the digital map has been considered as a landmark moment for various industries. Agriculture, oil & gas, construction, government & homeland security, logistics, travel, & transportation, and many more applications are encouraging the use of digital maps from corners of the countries.
The 3D digital map is the further advancement of the digital city. The implementation of 3D modeling and digital elevation models is anticipated to encourage the usage of these technologies throughout the forecast period. With enormous developments of these technologies, various companies have established web services and mobile applications for maps that offer detailed knowledge and real-time updates to users. Augmented reality based on manifold technologies utilizes GIS information and 3D platforms to provide virtual information about users and their surroundings. This information supports enterprises understand the necessity of users and send customized advertisements. Besides, the purpose of logistics and supply chain management 3D platforms and management software enhances efficiency and diminishes the costs associated with operational procedures.
The emergence of cloud technology and big data in digital mapping solutions is immensely pushing a number of opportunities in the digital map market. Cloud technology performs a pivotal position in supplying data, which facilitates interconnected communications. A large numbers of digital mapping solutions are vigorous, and GIS professionals and developers choose API since associated data is stored in the cloud. Furthermore, integrated cloud-based solutions present considerable cost savings compared to in-house storage. The public sector organizations have been implementing cloud computing to handle large volumes of geospatial information produced from the GIS, GPS, and remote sensing technologies.
The future of the digital map market appears promising in the upcoming years across the globe for an extended period. Manifold digital map-specific companies are projected to implement go-to-market strategies, mergers & acquisitions, and new product launches to remain competitive and meet the escalating demand for various digital maps. Google, TomTom, Apple, Esri, and many more businesses are highly contributing to digital map market growth. For example; in September 2021; Apple Maps introduced new ways to explore major cities in 3D that offer exceptional detail for neighborhoods, marinas, commercial districts, buildings, and more. Also, Dutch geospatial company TomTom, announced on November 29th, 2021 that the company is operating on a new mapping platform that would assist it to improve its existence in countries in Latin America, Africa, and Southeast Asia. Not only the local and international players existing in the market but the governments across many countries are tremendously contributing to the digital maps. For example; the government of India started the work on mapping of six lakh villages, organizing 3D maps of almost 100 cities using geospatial tech. Accordingly, the government initiatives and inclination towards digital map improvement are massively rocketing across the world and hence, it is safe to say that digital maps will play a bigger role in the future.
Global digital map market report covers prominent players operating in this market, including-
Increasing technological advancements in the automotive industry is one of the major factors driving the demand for digital map product offerings. Digital maps have gained importance in navigation and self-driving car technologies that facilitate real-time mapping. Self-driving cars are no longer an idea of the future. Large vehicle manufacturers have already dropped or abandoned their driving features, which give the car the ability to drive itself. To operate safely, autonomous vehicles will need purpose-built HD map datasets, significantly more detailed information, and truth-ground accuracy than those found in current conventional resources. Other areas of automotive applications include advanced driver assistance systems (ADAS), fleet management, and logistics control systems. Tracking natural disasters, monitoring other environmental emergencies, and measuring the distance between places are some of the desired features of digital maps which contribute to the growth of the digital mapping market.
For example, MapAction, a leading mapping organization for the humanitarian crisis, has deployed more than 100 Disaster and Emergency Mapping Specialists and has provided remote assistance to teams responding to many people since 2003. With a rich experience and in-depth understanding of all aspects of humanitarian information management, maps help organizations and governments around the world build and respond to disasters.
Moreover, the increasing adoption of advanced technologies for surveying and digital map-making and extensive adoption drive the market growth over the forecast period. And, the adoption of 3D modeling and digital elevation models is expected to increase the use of this technology. However, the costs associated with LiDAR, legal and regulatory policies may limit the development of the digital mapping technology and the market development. In spite of that, the emergence of cloud technology and big data in digital mapping solutions may create more opportunities that can increase digital map market share in the ensuing years.
North America presently accounts for a significant digital map market share owing to the early adoption of technological advancement and high investment in research and development activities in this region. The Asia Pacific is expected to witness the fastest growth in this market owing to the increasing growth of agriculture, oil and gas, and other natural resources industries and rising adoption of connected cars, and the rapid deployment of high-speed communication networks in this region. The increasing need for real-time cloud computing and fast cloud-car communication is creating a market for 5G-enabled connected cars. For example, as of 2018, agriculture employed more than 50% of the Indian workforce and contributed 17–18% to the country's GDP. North America is expected to dominate the digital map market.
Some of the Major Emerging Trends of the Global Digital Map Market Are:-
Following are some of the exciting new features and applications that will transform online maps and everyday lives in the years to come.
a) Connecting more with the IoT:- IoT is the name given to a vast network of ""smart"" devices connected to each other via the Internet. Smart fridges, smart watches, smartphones, and self-driving cars are all connected, using them to collect more geographic data from their environment. Advances in sensor technology will be the key to getting useful data from IoT. Video and image sensors in self-driving cars and unmanned and unmanned drones can provide online maps with a large number of geocoded imagery and will be updated regularly. Also, LiDAR and radio sensors in phones and self-driving cars can provide a central database with 3D coordinates that map all indoor and outdoor environments with real-time data. Online maps will be up to a millimeter accurate and can be updated regularly or continuously. Meanwhile, online mapping can be linked to the network, for example, air quality sensors to show real-time local pollution information, parking capacity and pedestrian congestion (which has become more important in 2020 due to the spread of Covid-19). Coronavirus). In fact, the ways in which online maps can present data collected by IoT are as endless as the ever-growing list of ""smart"" items that make up its network.
b) Indoors and Upstairs:-To make the ever-present AR environment possible, a lot of mapping and geocoding of interior and 3D space is required. Online maps can be expected to include more 3D layers showing complex built environments in the future, including bridges, sidewalks, and underground passages that already exist in some areas. In addition, as more buildings receive geocoding treatment, online maps will be more able to take home. This will make it possible to pre-navigate some of the larger transit stations, airports, and public buildings with Google Maps.
c) More Automatic Content:- In addition to automatically obtaining geocoded data from connected sensors, developments in artificial intelligence (AI) and machine learning (ML) will provide maps with more automated content in the future. AI is already a big factor in local search and recommendations in Google Maps, but its ability to generate data is not yet fully realized. Improved computer processing capabilities will enable AI to calculate more, take more repetitive cycles to promote ML, and process more complex data. This will improve the scraping algorithm, for example, leading to more accurate directory information. It will also be necessary to process large geographic data datasets that will provide devices connected by IoT. With this wealth of real-time geographic information, future online maps can become truly ""live."" These maps are constantly learning about the world and are updated to reflect new information. Also known as semantic maps, living maps will be a real-time representation of the environment, even with moving cars and people. Digital maps that incorporate direct 3D elements like this are a major enabling technology for self-driving cars and autonomous aircraft that could provide future transportation.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 10.14 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 24.95 Billion|
|Tables, Charts & Figures:||175|
|Digital Map Companies||Google, TomTom, Esri, Here Digital Map Products Inc., Nearmap, Apple, System1, Nextome srl, Mapbox, Sensewhere, MapWise, Inpixon, Indoor Atlas, Mapillary, MapQuest, Alibaba, ServiceNow, Geoverra, MapmyIndia, INRIX, MiTAC International, Living Map, Living Map, AutoNavi (China), ARC Aerial Imaging Limited and others|
|Segments Covered||By Application, By End Use|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|