Digital Map Market is Projected to Grow at a CAGR of 14.2% from 2022 - 2032 | Report by FMI

 The global digital map market is estimated at US$ 14 Billion in 2021 and is projected to reach US$ 16.2 Billion by 2022. The market is expected to reach US$ 61.2 Billion by 2032 while recording a CAGR of 14.2% during the forecast period from 2022 to 2032. There has been a lot of interest in the development of routable digital maps that compute from trajectory data in the last few years due to the ease and cost-effectiveness of gathering all the necessary information.

A new concept, Routable Digital Maps (RDM), has emerged with the development of Intelligent Transportation System (ITS) applications. Graphs such as these allow routing and other useful applications since they contain features such as speed limit, travel time, etc. These days, many individuals use real-time data mining tools (RDMs) as a method of avoiding traffic congestion by finding alternate routes to their destinations. All these factors has propelled market demand for digital maps in the market.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14572

Key Takeaways:

  • The global digital map market is currently valued at US$ 16.2 Billion, with a CAGR of 14.2% during the forecast period.
  • Software Solutions digital map to expand at a CAGR of 14.5% during the forecast period
  • In the U.S., the market is expected to reach US$ 26.5 Billion while growing at a CAGR of 14% during the forecast period.
  • China’s market is projected to grow at a higher rate of 15.4% CAGR during the forecast period.
  • India recorded a CAGR of 15.7% CAGR during the forecast period.
  • Japan is expected to reach a CAGR of 15% during the forecast period between 2022 and 2032.

Digital Map Market Landscapes

Key Players that have been profiled in the report are TomTom NV, HERE Technologies, Apple Inc., Alibaba Group, Navinfo Co., Ltd, INRIX Inc., Baidu, Inc., MapBox Inc., Environmental Systems Research Institute (ESRI), and Alphabet Inc. Through innovative products and technologies businesses will enable its customers to take full advantage of new technological advances.

  • In March 2022, Atlatec, a company that specializes in digital mapping, has been acquired by Bosch to bolster its position in automated driving. With the pending acquisition, Tier 1 supplier will now be able to offer to its customers all the necessary components of automated driving, including actuators, sensors, and software from a single source. There was an agreement not to disclose the purchase price between the companies. Regulatory approval is necessary for the acquisition to be completed.
  • Major cities will be able to explore 3D in Apple Maps by September 2021. With the release of iOS 15, Apple Maps has the most significant update with an attractive new city settings experience that includes rich details, driving directions with better navigation, immersive walking directions displayed in augmented reality, and so much more. In addition to London, Los Angeles, New York City, and the San Francisco Bay Area, the update, which extends the new Apple Map that they spent years developing from the ground up, is now available in 50 more cities.

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14572

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global digital map market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights By Type (Software Solutions,(Web-based, Desktop, Mobile App) Maps(data), Services), By Application (Indoor Navigation/Positioning(Airports, Retail Stores, Health Care Facilities, Others(Educational Institutes, Museums, Other Commercial Buildings) Outdoor Maps (Automotive, Mobile & Internet, Government & Utilities, Real Estate/ Construction. Others (Energy & Mining, Agriculture)) & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America

Key Segments Covered

By Type:

  • Software Solutions
    • Web-based
    • Desktop
    • Mobile App
  • Maps (data)
  • Services

By Application:

  • Indoor Navigation/Positioning
    • Airports
    • Retail Stores
    • Health Care Facilities
    • Other
      • Educational Institutes
      • Museums
      • Other Commercial Buildings
  • Outdoor Maps
    • Automotive
    • Mobile & Internet
    • Government & Utilities
    • Real Estate/Construction
    • Others
      • Energy & Mining
      • Agriculture

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Request for TOC @ https://www.futuremarketinsights.com/toc/rep-gb-14572

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

Comments

Post a Comment

Popular posts from this blog

OTT Content Market Research Report 2022 to Global Forecast till 2032

 The global  OTT content market  is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period. The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will supplement thi
Read more

Digital Transformation in Healthcare Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global  digital transformation in healthcare market  is valued at approximately USD 65.2 billion in 2023. It is anticipated to grow to about USD 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033. As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare. The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-708 The emergence of healthcare smartphone applications and incentive proposals by gover
Read more

Flame Arrestor Market 2023 Outlook, Current and Future Industry Landscape Analysis 2030

  The Flame Arrestor market is witnessing robust demand due to increased industrial safety regulations. Growing awareness of explosion prevention measures in various sectors, including oil and gas, chemicals, and manufacturing, is driving the adoption of flame arrestors. The market is poised for expansion as companies prioritize safety solutions to mitigate the risk of fire and explosions. Flame Arrestor Market size was valued at USD 923.8 million in 2022 and is expected to grow to USD 1540.4 million by 2030 and grow at a CAGR of 6.6% over the forecast period of 2023-2030. In today's fast-paced corporate world, where agility and intelligence define success, having a sophisticated understanding of market dynamics is critical. In this environment, our thoroughly prepared Flame Arrestor market research study shines as a beacon of unrivaled wisdom, guiding businesses to strategic brilliance. Our study, crafted with accuracy and predicated on thorough data analysis, doesn't just ski
Read more