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

Integrated Microwave Assembly Market 2023 | Increasing Demand for Efficient Management Practices Report 2030

The study focuses on the important market growth factors as well as the obstacles that industry participants face. The  Integrated Microwave Assembly Market  research study also includes global market size and predictions. In addition, the study examines the competitive environment, important players, and strategies. The research's competitive landscape section looks at the most recent market changes. This research report examines the international market in terms of product type, end user, and main geographical areas. Integrated Microwave Assembly Market Size was valued at USD 1.58 billion in 2022 and is expected to reach USD 2.67 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030. The most recent Integrated Microwave Assembly market research offers full information on worldwide business, industry trends, and significant industry numbers for leading manufacturers. Expert guidance is included in the report to assist clients focus and make better distribu
Read more

DC Chargers Market Research Report 2023 to Global Forecast till 2030

  Power Strip Market  Size was valued at USD 11.65 billion in 2022 and is expected to reach USD 17.75 billion by 2030, and grow at a CAGR of 5.4% over the forecast period 2023-2030. A comprehensive and concise analysis report of the main competitor and pricing statistics, with the goal of assisting newcomers in establishing and surviving in the market. It also focuses on the market's outlook for the next few months. This was extremely beneficial to business owners. This extensive market research is heavily reliant on information gleaned from key leader interviews, research, and innovative resources. It includes financial losses incurred as a result of COVID-19 in addition to the information presented in this report on the Power Strip market. It also explains how the major business sectors in the market are dealing with the epidemic and how to avoid it. This market report is a well-organized presentation of accurate company profiles and competitiveness analyses. It forecasts mar
Read more

Waveguide Market : Notable Developments & Geographical Outlook 2023 to 2030

  The Waveguide Market size was valued at USD 6.5 billion in 2022 and is expected to grow to USD 11.33 billion by 2030 and grow at a CAGR of 7.2 % over the forecast period of 2023-2030. The Waveguide Market study includes an overview of the market segment, size, share, sectional analysis, and revenue forecast, as well as a comprehensive analysis. It examines market factors, industry trends, market dynamics, and the top competitors' strengths and weaknesses. The study delves deeply into market competition, constraints, revenue forecasts, opportunities, shifting trends, and industry-validated data. The research begins with an overview of the industrial chain structure before delving deeper into the upstream. Request a Sample Of This Report @  https://www.snsinsider.com/sample-request/3713   The Waveguide market research study provides vital statistics on the industry's current state and serves as a valuable source of guidance and direction for businesses and individuals intereste
Read more