Global Digital Map Market Trends, Application, and Regional Forecast to 2022-2027
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Global Digital Map Market Report and Forecast 2022-2027
According to the latest report, ‘Global Digital Map Market Report and Forecast 2022-2027’, 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
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.
The report analyses the market based on segmentations such as type, functionality, application, end use, and major region.
Market Breakup by Type
Market Segmentation by Functionality
Market division by Application
Market classification by End Use
•Government and Utilities
•E-Commerce and Retail
Market Breakup by Region
•Middle East and Africa
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 are:
•Environmental Systems Research Institute (ESRI), Inc.
•Google LLC (Alphabet Inc.)
•Maxar Technologies Inc.
•HERE Global B.V.
*We, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Browse our full report with Table of Content: https://www.bharatbook.com/report/1341464/global-digital-map-market-report-and-forecast
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