Digital Map Market Size, Share, Growth Analysis, By Offering (Solution, Services), By Mapping Type (Outdoor Mapping, Indoor Mapping), By Purpose (Navigation Maps, Thematic Maps), By Scale (Large Scale Maps, Small Scale Maps), By Region - Industry Forecast 2024-2031

Global Digital Map Market size was valued at USD 23.1 billion in 2022 and is poised to grow from USD 25.9 billion in 2023 to USD 59.6 billion by 2031, growing at a CAGR of 11% during the forecast period (2024-2031).

The digital map market is predicted to rise because of factors such the increasing use of mobile computing devices for navigation, the widespread use of 3D platforms, and the development of improved technologies for surveying and creating digital maps. In addition, there is a rising need for businesses in various sectors such as consumer goods, transportation and logistics to enhance consumer experience, improve operational efficiencies, and efficiently allocate resources through deployment of electronic charts because of the increasing interest in location-based services. Real-time navigational aids and a mounting reliance on smartphones and alternative global positioning system gadgets have made geospatial information an increasingly important part of digital mapping.

Legal problems and the availability of free digital maps created by crowdsourcing, however, limit the growth. Also, the digital map sector has many opportunities due to the rapid use of real-time digital maps. Furthermore, throughout the projected period, the incorporation of cutting-edge technologies like artificial intelligence (AI) and machine learning (ML) into digital mapping is anticipated to offer profitable prospects for market expansion. Furthermore, a growing quantity of location-based data is being produced by Internet of Things (IoT) devices and sensors, which is driving up need for sophisticated mapping technology.