Digital Map Market Worth $47.8 Billion By 2029, Growing At A Cagr Of 11.1%: Report By Marketsandmarkets

The Digital Map Market is expected to grow at a CAGR of 11.1% during the forecast period, driven by the increasing demand for digital map solutions globally. The rise in smartphone and internet usage, growth in usage of 3D platforms, and integration of AI and ML in GIS are some of the key factors driving this growth. However, the risk of unauthorized access and data breaches, as well as regulations and legal issues, may hinder market growth. Opportunities for growth include geospatial data analytics, focus on SDKs and APIs, and integration of IoT and smart cities. The key players in this market include Google, Apple, TomTom, Esri, Here Technologies, and Nearmap.