Growing at a CAGR of 17%, Digital Map market is projected to cross USD 20 Billion by 2024

Global Digital Map market is projected to cross USD 20 Billion by 2024, growing at a CAGR of 17% during the forecast period. The Global Digital Map market is segmented based on Solution, Service, End-User Industry and Geography. Based on service, the digital map market is segmented into consulting and advisory services; deployment and integration services; and support and maintenance services. The risk assessment and disaster management solution segment are expected to grow at the highest growth rate during the forecast period. The digital map market, based on end-user industry, is segmented into energy and utilities; construction and engineering; logistics, travel, and transportation; government and defense; automotive; retail and real estate; and others (telecom and IT, media and entertainment, and BFSI). The government and defense vertical is expected to have the largest market share during the forecast period. Geographically, the market is segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. APAC is expected to be the fastest-growing market for Digital Maps due to growing industrialization in the region.

Some of the leading players of the market, include Esri, Google, TomTom, Mapbox, DigitalGlobe, Digital Map Products, MapmyIndia, Microsoft, among others.

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