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 Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $18.6 Billion |
| Forecasted Market Value (USD) by 2030 | $52.3 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
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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