Who are the key vendors in the Digital Map Market?

In the highly competitive global digital map market, collaboration and innovation are key differentiators. Prominent global corporations comprise Google (with its Maps product), Apple (with its Maps product), HERE Technologies, TomTom, and Esri. These gamers use technological advancements which include artificial intelligence, machine learning and satellite image to create good maps and improve user experience. Their key is in continuous development expenditure in research and development, as well as collaboration with smart city, logistics and automotive projects within this rapidly changing area. 'Google LLC ', 'Apple Inc. ', 'TomTom N.V. ', 'Environmental Systems Research Institute, Inc. (Esri) ', 'HERE Global B.V. ', 'Nearmap Ltd ', 'INRIX, Inc. ', 'LightBox Holdings, L.P. ', 'ServiceNow, Inc. ', 'Inpixon ', 'Microsoft Corporation ', 'Maxar Technologies Inc. ', 'Emapa S.A. ', 'Dabeeo Inc. ', 'Caliper Corporation ', 'C.E. Info Systems Limited (MapmyIndia) ', 'GeoVerra Inc. ', 'Orbital Insight, Inc. ', 'Digimap Limited ', 'MapQuest, Inc.'.

What is the key driver of Digital Map Market?

The need for digital maps has increased dramatically due to the development in smartphone and internet usage worldwide, especially for real-time tracking and navigation. The development and adoption of digital mapping technology have been pushed forward by high consumer demand for reliable navigational tools resulting from increased phone use as well as Internet consumption.

What is the key market trend for Digital Map Market?

Surge in Autonomous Vehicle Integration: A major trend in the industry that drives the growth of the business is the merging of digital maps and autonomous vehicle technology so that it can move on its own. It might be dangerous for driverless cars if real-time updates are not available for them to use high resolution maps. Corporate entities in the transport sector invest massively in modern cartographical systems that can improve driverless car performance levels while ensuring customer loyalty.

Which region accounted for the largest share in Digital Map Market?

North America currently leads the global market for digital maps, since it has a well-developed technological infrastructure, high GPS and IoT devices penetration rates, and a great deal of money spent on AI and machine learning. This is due to the presence of advanced IT companies; the presence of authoritative bodies in this field; and contribution from various government departments towards realization of smart cities concept. Additionally, North America is positioned as a leader in the digital mapping industry, propelling market growth and development. This is due to the region's focus on innovation and early adoption of cutting-edge technologies, as well as the widespread use of digital maps in industries like automotive, logistics, and navigation.

Digital Map Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to digital map market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Digital Map Market News

In July 2024, British Antarctic Survey (BAS), the national polar research institute of the United Kingdom announced the availability of open-access digital maps of Antarctica for all along with a new map viewer that displays datasets as an open-access interactive website.
In August 2024, the Ministry of Agriculture and Rural Affairs, the Chongqing Agriculture and Rural Affairs Committee and the Fengdu County Agriculture and Rural Affairs Committee announced the launch of digital map to showcase Chongqing’s farming heritage. This is part of China’s broader efforts to digitize its farming heritage.
In July 2024, Apple, a leading technology company from the United States announced the launch of a beta version of Apple Maps for web browsers. Apple Maps has been an iPhone exclusive offering since its launch back in 2012 but this move is now expected to improve accessibility to Apple’s digital map expertise via web browsers as well.

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FAQs

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).

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. 'Google LLC ', 'Apple Inc. ', 'TomTom N.V. ', 'Environmental Systems Research Institute, Inc. (Esri) ', 'HERE Global B.V. ', 'Nearmap Ltd ', 'INRIX, Inc. ', 'LightBox Holdings, L.P. ', 'ServiceNow, Inc. ', 'Inpixon ', 'Microsoft Corporation ', 'Maxar Technologies Inc. ', 'Emapa S.A. ', 'Dabeeo Inc. ', 'Caliper Corporation ', 'C.E. Info Systems Limited (MapmyIndia) ', 'GeoVerra Inc. ', 'Orbital Insight, Inc. ', 'Digimap Limited ', 'MapQuest, Inc.'

Growing use of smartphones and use of digital map applications in the same is allowing people to rely on digital maps for their navigation needs. Moreover, improved internet connectivity coupled with rising smartphone adoption around the world is expected to bolster the global digital map market outlook in the long run.

Providing Indoor Mapping: Digital map providers should invest in the development of indoor mapping solutions to maximize their revenue generation potential. Shopping malls, airports, and hospitals are expected to be key end users for digital maps as they can help users navigate complex indoor spaces, improving customer experience and operational efficiency of institutions.

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.