Global Digital Maps Market Strategy Report 2023: Market to Reach $52.3 Billion by 2030 from $18.6 Billion in 2022 - Innovative Solutions and Increase in Smart PDAs Adoption to Drive Market Demand


Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "Digital Maps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Digital Maps Market to Reach $52.3 Billion by 2030

The global market for Digital Maps estimated at US$18.6 Billion in the year 2022, is projected to reach a revised size of US$52.3 Billion by 2030, growing at a CAGR of 13.8% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 13.5% CAGR and reach US$35.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 14.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 12.8% CAGR

The Digital Maps market in the U.S. is estimated at US$5.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.8 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 11.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Metrics

Report AttributeDetails
No. of Pages194
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$18.6 Billion
Forecasted Market Value (USD) by 2030$52.3 Billion
Compound Annual Growth Rate13.8%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • Global Market Prospects & Outlook
  • Digital Maps - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Total 41 Featured)

  • Apple, Inc.
  • Automotive Navigation Data (AND)
  • Autonavi
  • Digital Map Products, Inc.
  • Digital Mapping Solutions (DMS)
  • DigitalGlobe
  • Esri
  • Google LLC
  • HERE Global BV
  • Inrix, Inc.
  • Living Map.
  • Magellan Digital Mapping
  • Mapbox
  • Mapman Ltd.
  • Mapmyindia
  • Mapquest, Inc.
  • Mapsherpa
  • Microsoft Corporation
  • NavInfo Co., Ltd.
  • Nearmap Australia Pty Ltd
  • Openstreetmap
  • TomTom International BV
  • Yahoo!, Inc.
  • Zenrin Co., Ltd.

3. MARKET TRENDS & DRIVERS

  • Innovative Solutions to Sustain Market Demand
  • Increase in Smart PDAs Adoption to Drive Market Demand
  • Increased Reliance on Geographic Information: A Market Driver
  • Broad Range of Applications to Support Market Growth
  • Digital Orthophotography: As a Powerful Source to Extract Geo and Spatial Information
  • Increase in Application Across Construction and Engineering Sector to Drive Market Growth
  • Increase in Indoor Mapping to Sustain Market Growth
  • GIS for Emergency Management
  • Application in Transportation Segment to Boost Market Prospects
  • Growth in Population Size: A Market Driver
  • Utilities to Drive Market Growth
  • Application in Wide Range of Segments Augurs Well for the Market Demand
  • Communications Sector
  • Land Ownership/Administrative
  • Environment
  • Imagery
  • Regulatory and Legal Policies Set to limit Digital Mapping Technology Market Prospects
  • Dearth of Skilled Workforce: A Market Dampener

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/a6rqms-maps?w=12

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Attachment

 
Global Market for Digital Maps

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