Amid the COVID-19 crisis, the global market for Digital Maps estimated at US$11.7 Billion in the year 2020, is projected to reach a revised size of US$34.6 Billion by 2027, growing at a CAGR of 16.7% over the period 2020-2027.
Solution, one of the segments analyzed in the report, is projected to record 16.9% CAGR and reach US$25.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Service segment is readjusted to a revised 16.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 16.1% CAGR
The Digital Maps market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15% and 14.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.
Select Competitors (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.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
Global Market Prospects & Outlook
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
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
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