Digital Map Market to Witness Robust Growth by 2026

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Stratview Research delivers key insights on the Global Digital Map Market. According to Stratview Research, the market is segmented by Type (GIS, LiDAR, Digital Orthophotography, Aerial Photography, Others), Service (Consulting, Development, Management), Application (Real-time Location Data Management, Geocoding & Geopositioning, Routing & Navigation, Asset Tracking, Others) and Region.
Market Insights
The report suggests that the overall digital map market was estimated to grow from USD 8.1 billion in 2020 to USD 17.0 billion by 2026 at a CAGR of 13.4% during the forecast period.
Market Segments' Analysis
By Type
The market has been classified into GIS, LiDAR, digital orthophotography, aerial photography, and others. Under these, the GIS segment held a significant market share in 2020 owing to the rising usage of digital maps in urban development and city infrastructure planning.
Regional Analysis
North America held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years.
Key Players
The following are some of the key players in the digital map market:
• nearmap(australia)
• Magellan(US)
• Apple (US)
• Mapquest (US)
• Intrix (US)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for digital map market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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