USD 25.9 Billion
Report ID:
SQMIG45B2136 |
Region:
Global |
Published Date: November, 2024
Pages:
178
|Tables:
89
|Figures:
71
Digital Map Market size was valued at USD 25.9 Billion in 2023 and is poised to grow from USD 28.75 Billion in 2024 to USD 66.16 Billion by 2032, growing at a CAGR of 11% during the forecast period (2025-2032).
Rapidly increasing use of smartphones and digital devices for navigation around the world is projected to bolster the demand for digital maps. Growing demand for real-time location-based services and rising investments in the research and development of autonomous vehicles are also expected to offer new opportunities for digital map providers going forward. Launch of new smart city initiatives, adoption of novel mapping and surveying technologies, and high demand for indoor and outdoor navigation solutions are also estimated to favor the global digital map market growth in the long run. Integration of advanced technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) are also expected to help improve the scope of application for digital maps across various industry verticals. However, competition from free mapping services, high costs of development and maintenance, dependence on internet connectivity, and data accuracy and reliability concerns are estimated to impede the adoption of digital map across the forecast period and beyond.
Market snapshot - 2025-2032
Global Market Size
USD 25.9 Billion
Largest Segment
Outdoor
Fastest Growth
Indoor
Growth Rate
11% CAGR
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Global Digital Map Market is segmented by Offering, Mapping Type, Scale, Application, Vertical, and region. Based on Offering, the market is segmented into Solution (Mapping Data, Web Mapping, GPS-enabled Services, Geographic Information System (GIS)) Services, and Services (Consulting, Support & Maintenance, Deployment & Integration). Based on Mapping Type, the market is segmented into Outdoor Mapping, Indoor Mapping, and 3D & 4D Metaverse. Based on Scale, the market is segmented into Large Scale Maps, Small Scale Maps. Based on Application, the market is segmented into Real-Time Location Data Management, Geocoding and Geopositioning, Routing and Navigation, Asset Tracking, Reverse Geocoding, and Other Applications. Based on Vertical, the market is segmented into Government & Defense, Infrastructure Development & Construction, Travel, Transportation, & Logistics, Automotive, Retail, Finance & Insurance, Manufacturing, Energy, Utility, & Natural Resources, Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Service
Development and integration segment is projected to account for a dominant share of the global digital map industry going forward. Surging adoption of digital maps in multiple industry verticals is creating new opportunities for digital map development integration services in the future. Rising number of companies outsourcing their digital map development process to utilize data processing, system infrastructure development, integration & licensing services of service providers are also expected to help bolster the dominance of this segment in the future. Need for integration of digital maps in legacy systems and existing customer systems is also slated to create new opportunities for companies focusing on this segment through 2032.
Meanwhile, the demand for consulting services is slated to rise at a noteworthy CAGR across the study period. Increasing demand for support in building digital maps and related strategies is expected to help the consulting segment generate new opportunities for digital map companies in the long run. Better navigation and improved integration capabilities can be achieved by opting for proper digital map consulting services. Easy integration with other virtual solutions and technologies of companies can also help this segment bring in more revenue over the coming years.
Analysis by Mapping Type
The outdoor segment is forecasted to account for the highest global digital map market share going forward. Extensive use of outdoor maps in multiple applications and high investments in the development of the same are helping this segment bring in more revenue as compared to others. Use of outdoor digital maps for navigation in vehicles and smartphones is also estimated to help this segment maintain its dominant stance. Global networking, fleet management, land-based decision-making, environmental studies, disaster management, and risk analysis are some of the key applications for outdoor digital maps.
On the other hand, the demand for indoor digital maps is slated to rise at an impressive pace in the future. The growing number of indoor-based location service providers and the rising application scope of indoor mapping technologies are helping this segment generate new opportunities. Establishment of large and complex infrastructure in retail and healthcare industry verticals is estimated to primarily boost the demand for indoor digital maps going forward. Improved emergency and disaster management capabilities offered by indoor digital maps in case of emergencies is also expected to help this segment offer lucrative business scope for digital map providers in the long run.
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North America is forecasted to emerge as the leader in terms of global digital map demand outlook. The presence of a developed technological infrastructure, presence of leading digital map providers, and high usage of digital maps by people are helping this region hold sway over others. Canada and the United States are estimated to be the most opportune markets for digital map companies looking to make a mark in the North American region. The rising number of autonomous vehicles and increasing use of indoor maps are also expected to further cement the dominance of this region through 2032.
The Asia Pacific region is slated to emerge as the fastest expanding market for digital map companies. Growing use of geospatial data, rising usage of digital maps, and launch of new smart city projects are expected to help this region generate new opportunities in the long run. Use of digital maps for urban planning, agricultural, and rural development is also expected to boost revenue generation for market players. China, Japan, and India are slated to be the key markets for all digital map companies operating the Asia Pacific region. High investments in infrastructure development are also expected to favor the demand for digital maps in this region.
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Digital Map Market Drivers
Surging Use of Smartphones and Internet
High Demand for Autonomous Vehicles
Digital Map Market Restraints
High Costs of Development and Maintenance
Dependence on Connectivity
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Digital map companies should focus on reducing the costs of maintenance and updates to their offerings to maximize their profitability. Eliminating the reliance on connectivity can also help digital map companies boost their adoption going forward. As per this global digital map market analysis, targeting smartphones and autonomous vehicles can help improve revenue generation for all companies in the long run.
Digital Map Market Top Player’s Company Profiles
Digital Map Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing use of smartphones and internet and rising demand for autonomous vehicles are slated to drive the global digital map market growth. On the contrary, high costs of development and maintenance, and dependence on internet connectivity are slated to slow down market development in the future. High adoption of digital maps in autonomous vehicles and presence of leading digital map providers in the North American region allows it to hold a dominant market share. Integration with augmented reality technologies and providing indoor mapping are slated to create new business scope for all digital map companies in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 25.9 Billion |
Market size value in 2032 | USD 66.16 Billion |
Growth Rate | 11% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Digital Map Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Map Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Map Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital Map Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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