Digital Map Market by Component, Mapping Type, Applications, Vertical

List of Tables

[198 Pages Report] The Digital Map Market size was estimated at USD 24.79 billion in 2023 and expected to reach USD 27.36 billion in 2024, at a CAGR 10.57% to reach USD 50.10 billion by 2030.

A digital map is an electronic representation of a geographical area that can be accessed and manipulated through digital devices including computers, smartphones, and GPS units. Unlike traditional paper maps, digital maps provide dynamic navigation functionalities and can integrate multiple layers of information, such as weather conditions, traffic updates, terrain, and more, to offer real-time, practical data to users. The expansion of their use is primarily driven by the widespread adoption of smartphones and GPS-enabled devices, the integration of location-based services in various industries, increasing urbanization and the resultant need for better infrastructural planning, and enhancements in data collection technologies that enable more detailed and accurate maps. However, data privacy concerns, reliance on internet connectivity for real-time features, and potential inaccuracies due to outdated data are notable. Furthermore, the increasing automation in vehicles, including autonomous cars, demands highly accurate and continually updated digital maps. Additionally, advancements in augmented reality (AR) present opportunities for integrating digital maps with real-world environments in more interactive and immersive ways. There is also potential for digital maps to enhance disaster management and response by providing accurate, real-time information that can be crucial during emergencies. With these developments, digital maps will continue to become an even more integral part of daily life and various business functions.

KEY MARKET STATISTICS
Base Year [2023]	USD 24.79 billion
Estimated Year [2024]	USD 27.36 billion
Forecast Year [2030]	USD 50.10 billion
CAGR (%)	10.57%

Regional Insights

In the Americas, there is a high demand for real-time traffic and routing features, largely driven by extensive use of smart mobility solutions among a tech-savvy population. Factors such as ecommerce proliferation and urban logistics have further emphasized the importance of efficient, scalable digital mapping solutions. Recent initiatives include significant investments in autonomous driving and smart city projects which rely heavily on advanced mapping technologies. In the EU, GDPR and other privacy regulations have a significant impact on the digital map market, guiding how data is collected and used. There is a strong push towards open-source and community-driven digital mapping projects, which align with Europe's stringent privacy standards. Recent investments are directed towards sustainable urban mobility and smart city initiatives across major European cities. The Middle East shows increased investment in infrastructure and smart city solutions, with digital mapping acting as a backbone for these developments. High consumer demand is for real-time, accurate geographic information to support the region's vast construction projects and expanding logistics networks. In Africa, digital maps are crucial for healthcare delivery, agricultural planning, and disaster management. Innovations often focus on addressing accessibility issues, including offline map features for remote areas with limited internet connectivity. There is significant growth in local startups and investments geared towards tailored mapping solutions that address unique regional challenges. In APAC the rapid urbanization offers enormous potential for digital map solutions, particularly in transportation, delivery services, and public welfare projects. The focus is on tailor-made solutions for local market needs such as regional language support and maps adapted for varied terrain and rural expanses.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Digital Map Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing adoption of mobile computing devices for navigation
- Prolific rise in the number of smartphone and internet users
- Growing demand for digital mapping in the government and public sector

Market Restraints
- Issues with poor network coverage

Market Opportunities
- Rise in the number of connected and semi-autonomous cars
- Rapid growth in demand for geospatial information owing to rising demand for Digital cartography

Market Challenges
- Interpretation issues associated with digital maps

Market Segmentation Analysis
- Component: GPS-enabled services use the global positioning system (GPS) to offer precise location-based services to users
- Applications: Adoption of digital mapping in the government & homeland security sector focus on enhancing public safety, crisis management, and urban planning

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Digital Map Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Digital Map Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Genesys International Elevates Urban Navigation with Advanced Mapping for Ayodhya

Genesys International has recently revolutionized urban navigational frameworks by integrating its sophisticated India map platform into the infrastructure of Ayodhya, setting a new benchmark for digital mapping. Selected by the Ayodhya Development Authority as the city's official map, this platform introduces a robust 3D digital twin of the city, promising transformative changes in how residents, authorities, and visitors interact with the urban space. This state-of-the-art platform offers exhaustive 2D and 3D navigational capabilities, thus enhancing user experience by providing detailed, real-time visualizations of the urban landscape. [Published On: 2024-01-10]

Enhancing Navigation in India with Google Maps' AI-Based Address Descriptors

Google Maps introduced a groundbreaking feature called Address Descriptors, exclusively for users in India. This enhancement utilizes artificial intelligence and machine learning to provide comprehensive location details, significantly simplifying navigation in intricate urban and suburban areas. This feature is particularly valuable in India, where Google has meticulously mapped millions of kilometers covering both urban and rural locales, along with more than 300 million buildings. [Published On: 2023-12-20]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Digital Map Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Digital Map Market, highlighting leading vendors and their innovative profiles. These include Alibaba Group, Apple, Inc., ARC Aerial Imaging Limited, AutoNavi Software Co., Ltd., Baidu, Inc., Digital Map Products Inc., Esri Global, Inc., Getmapping Limited, Google by Alphabet Inc., HERE Global B.V., IndoorAtlas USA; Inc., INRIX, Inc., Jibestream, Inc., MapBox, Inc., MapWise, Inc., Maxar Technologies Holdings Inc., Micello, Inc., MiTAC International Corporation, Navinfo Co., Ltd., Nearmap Limited, Nearmap US, Inc., System1 OpCo, LLC, ThinkGeo LLC., and TomTom International BV..

Market Segmentation & Coverage

This research report categorizes the Digital Map Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
  - Consulting
  - Cross-platform Support
  - Deployment & Integration

Solutions
- GPS-enabled Services
- Mapping Data
- Web Mapping

Mapping Type
- Indoor Mapping
- Outdoor Mapping

Applications
- Asset Tracking
- Geocoding & Geopositioning
- Real-time Location Data Management
- Routing & Navigation

Vertical
- Agriculture
- Government & Homeland Security
- Infrastructure Development & Construction
- Logistics, Travel, & Transportation
- Oil & Gas

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-E370886768BF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing adoption of mobile computing devices for navigation
  - 5.1.1.2. Prolific rise in the number of smartphone and internet users
  - 5.1.1.3. Growing demand for digital mapping in the government and public sector
- 5.1.2. Restraints
  - 5.1.2.1. Issues with poor network coverage
- 5.1.3. Opportunities
  - 5.1.3.1. Rise in the number of connected and semi-autonomous cars
  - 5.1.3.2. Rapid growth in demand for geospatial information owing to rising demand for Digital cartography
- 5.1.4. Challenges
  - 5.1.4.1. Interpretation issues associated with digital maps
5.2. Market Segmentation Analysis
- 5.2.1. Component: GPS-enabled services use the global positioning system (GPS) to offer precise location-based services to users
- 5.2.2. Applications: Adoption of digital mapping in the government & homeland security sector focus on enhancing public safety, crisis management, and urban planning
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Digital Map Market, by Component

6.1. Introduction
6.2. Services
6.3. Solutions

7. Digital Map Market, by Mapping Type

7.1. Introduction
7.2. Indoor Mapping
7.3. Outdoor Mapping

8. Digital Map Market, by Applications

8.1. Introduction
8.2. Asset Tracking
8.3. Geocoding & Geopositioning
8.4. Real-time Location Data Management
8.5. Routing & Navigation

9. Digital Map Market, by Vertical

9.1. Introduction
9.2. Agriculture
9.3. Government & Homeland Security
9.4. Infrastructure Development & Construction
9.5. Logistics, Travel, & Transportation
9.6. Oil & Gas

10. Americas Digital Map Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Digital Map Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Digital Map Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Genesys International Elevates Urban Navigation with Advanced Mapping for Ayodhya
- 13.3.2. Enhancing Navigation in India with Google Maps' AI-Based Address Descriptors
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio