Latest News- Digital Map Market: Navigation is expected to lead the Application segment during 2025-2029

The Digital Map Market is being driven by Adoption of intelligent PDAs

The Digital Map Market is expected to grow at a CAGR of 31.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 31947 million. The global market for Location-Based Services (LBS) is experiencing significant growth, driven by the increasing utilization of digital maps. LBS cater to users of GPS and internet-enabled mobile devices by delivering real-time and location-specific information. Digital maps enable access to product or service details, price comparisons, alternative options, customer reviews, and direct purchasing features. This reliance on LBS underscores the importance of digital maps as essential infrastructure. Companies spanning industries such as logistics, retail, tourism, and emergency services are integrating LBS into their operations to boost efficiency and customer engagement. For instance, ride-hailing platforms like Uber and Bolt leverage digital maps to connect drivers with passengers, determine optimal routes, and estimate arrival times. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Navigation
  • Geocoders
  • Others
• Type
  • Outdoor
  • Indoor
• Solution
  • Software
  • Services
• Deployment
  • On-premises
  • Cloud
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Adoption of intelligent PDAs
• Proliferation of social networking
• Increased adoption of IoT devices

However, the market also witnesses some limitations, which are as follows:

• Security and privacy of mobile apps
• Connectivity issues faced in digital map-enabled devices
• Inaccurate results and high battery drainage in smart devices

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Market Scope in Digital Map Market Research Report

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Research Analysis Overview

The Digital Map Market encompasses various types of geospatial data and tools for creating and analyzing maps. This includes street view imagery, 3D building models, terrain data, hydrographic data, demographic and economic data, environmental data, historical maps, thematic maps, choropleth maps, isoline maps, and dot density maps. Additionally, it offers advanced features like cartographic generalization, spatial interpolation, spatial regression, spatial autocorrelation, network analysis, network modeling, shortest path algorithms, location intelligence, predictive modeling, decision support systems, transportation planning, urban planning, land use planning, resource management, disaster response, emergency management, public safety, marketing analytics, sales territory optimization, supply chain management, and logistics management.

Market Research Overview

The Digital Map Market, encompassing map data, navigation software, GIS software, GPS technology, and mapping APIs, is classified as a segment of the broader Global Technology Hardware, Storage, and Peripherals Market within the IT industry, according to Technavio. This market includes manufacturers of cellular phones, personal computers, servers, electronic computer components, peripherals, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other hardware. Technavio estimates the market size based on the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for the Global Technology Hardware, Storage, and Peripherals Market include the increasing volume, velocity, veracity, and variety (4Vs) of data, leading to a surging demand for data storage solutions, particularly in data centers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/