In today's landscape, mapping and geospatial data services extend far beyond navigation. These technologies now offer insights crucial for planning efficient transport routes, managing city zoning, supporting business strategies, and enabling virtual experiences of distant locations. Recent advancements in artificial intelligence and sensor technology, such as cameras and LIDARs, enhance maps to visualize a wide array of dynamic and real-time information. This includes details like road congestion levels, crowd densities, and available parking spaces.
These dynamic maps mark the dawn of a new era for smart city and smart mobility applications. They empower innovations ranging from effective crowd management to facilitating autonomous driving. Experts predict that this evolution will propel the geospatial solutions market to reach an estimated value of $845 billion by 2029.