The global Digital Map market was valued at USD 3,595.6 million in 2017 and is anticipated to grow at a CAGR of 11.2% during the forecast period. A digital map is an electronic map in which graphic elements are assigned in the form of electronic information. Digital maps can include any area, and are easily scalable. They are more accurate than printed maps, and can be easily updated. They are interactive and can perform specific user selected tasks. Digital map data is a key component in GIS (geographic information systems). The applications of digital map include vehicle tracking and routing, site location and territory planning, and enterprise solutions among others.
The growing applications of digital maps in various industries, rising demand of location-based services, and increasing penetration of mobile devices drive the growth of the market. Technological advancements in terms of components, and mapping software among others are expected to further support market growth. Use of geospatial information in applications such as infrastructure management, risk and emergency management, urban planning, resource management, and logistics has increased the demand of digital maps over the years. Other factors driving the market include increasing demand from diverse industries such as defense, energy and utilities, and government and public sector, and increasing use of digital maps in traffic updates and landmark information. However, high investment in data collection is expected to hamper market growth during the forecast period. Growing demand from emerging economies, and increasing awareness are factors expected to provide numerous growth opportunities in the coming years.
The global Digital Map market is segmented on the basis of usage, functionality, service, application, and region. Based on usage, the market is segmented into indoor, and outdoor. The functionality segment is divided into GPS navigation, scientific, and computerized. The service segment is bifurcated into consulting, management, and development. On the basis of application, the market is segmented into mobile devices, enterprise solutions, defense, automotive, government, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The leading players in the market include DigitalGlobe, Inc., Apple, Inc., Google, Inc., HERE Holding Corporation, Environmental Systems Research Institute (ESRI), Inc., Getmapping PLC., Micello, Inc., TomTom International BV, MapData Services, Intermap Technologies Corporation, AutoNavi Holdings Ltd., and Collins Bartholomew among others. These leading players in the market are introducing innovative products in the market to cater to the consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.