Global Digital Maps Market
Global Digital Maps Market Size By Solution, By End-Use Industry, By Geographic Scope, By Competitive Landscape And Forecast
According to Verified Market Research, the Global Digital Maps Market was valued at USD 9.44 Billion in 2018 and is projected to reach USD 29.03 Billion by 2026, growing at a CAGR of 15.38% from 2019 to 2026
Digital map, also known as digital cartography is defined as a process of making interactive maps on a digital platform. It is an electronic map that operates on the basis of the combined graphic elements assigned to it in the form of electronic information. Digital mapping involves the collection and compilation of data that in turn produces virtual images. It accurately represents a particular geographic area, major roads, rivers and important landmarks such as airports, shopping complexes, restaurants, tourist attractions and hospitals in and around any particular area by using predictive symbols and colors. It is also useful in calculating the distance from one place to another as well as calculating the overall time taken to travel to a location in real-time considering the traffic.
In the recent years, geospatial information has experienced growth due to its broad range of applications in various sectors and businesses such as risk and emergency management, marketing, urban planning, infrastructure management, resource management (oil, gas, mining, etc.), business planning, logistics, and many others. This has fueled the growth of the digital maps market.
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