Digital Maps Market Size And Forecast
According to Verified Market Research, the Global Digital Maps Market was valued at USD 9.44 Billion in 2018 and is projected to reach USD 29.03 Billion by 2026, growing at a CAGR of 15.38% from 2019 to 2026.


The latest survey on Global Digital Maps Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the Digital Maps Market. The report aims to present the analysis of Global Digital Maps Market By Solution, By End-Use Industry, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What Is Digital Maps Market:
Digital map, also known as digital cartography is defined as a process of making interactive maps on a digital platform. It is an electronic map that operates on the basis of the combined graphic elements assigned to it in the form of electronic information. Digital mapping involves the collection and compilation of data that in turn produces virtual images. It accurately represents a particular geographic area, major roads, rivers and important landmarks such as airports, shopping complexes, restaurants, tourist attractions and hospitals in and around any particular area by using predictive symbols and colors. It is also useful in calculating the distance from one place to another as well as calculating the overall time taken to travel to a location in real-time considering the traffic.

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Global Digital Maps Market Overview
In the recent years, geospatial information has experienced growth due to its broad range of applications in various sectors and businesses such as risk and emergency management, marketing, urban planning, infrastructure management, resource management (oil, gas, mining, etc.), business planning, logistics, and many others. This has fueled the growth of the digital maps market.

With the ongoing digital globalization, there has been a prolific increase in the number of smartphone and internet users. With the help of internet services, users are able to easily access online mapping and navigational information directly from their smartphones. At present, many mapping applications have been launched in smartphones such as Google Maps, Waze, In Route, Apple Maps and many others. Consumers rely on these applications for locations and directions or for finding places such as restaurants, banks, ATMs, or gas stations. Thus, the growing usage of smartphones and internet users acts as a driver for the market. On the other hand, a rise in the usage of free outsourcing digital maps can act as a potential restraint for the overall market.

Global Digital Maps Market: Segmentation
The Digital Maps market is segmented on the basis of solution, end-use industry, and geography.

Digital Maps Market By ENd User Industry:
On the basis of the end-user industry, the market is bifurcated into Energy and Utilities, Automotive, Retail and Real Estate, Construction and Engineering, Logistics, Travel, and Transportation, Government and Defense and Others.

The market for logistics, travel, and transportation is expected to grow at the highest CAGR over the forecast period. The logistics sector is largely influenced by the need to deliver the products on time which reduces losses by timely delivery and safety of products from the varying environment. The use of digital maps in this sector facilitates the companies with real-time information of vehicles, shortest routes, road conditions, restrictions, and tolls. The digital map caters to the requirements of fleet management, and transportation which helps to solve the problem related to aging drivers, complex regulations, and changing technologies.

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Digital Maps market By Geographic Analysis:
On the basis of regional analysis, the global digital maps market is classified into North America, Europe, Asia Pacific and Rest of the world. The digital maps market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period owing to an increase in the use of smartphones.

Digital Maps Market Competitive Landscape:
Digital Maps Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as TomTom NV, HERE Technologies, Apple Inc., Navinfo Co., Ltd., INRIX Inc., Baidu, Inc. and MapBox Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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