The map market has just received new information when the giant of the ride-hailing industry Grab officially launched GrabMaps
According to the Financial Times, the ride-hailing application Grab has just announced its participation in the map market through the GrabMaps service. It is expected that the new service will compete directly with Google and the Netherlands-based company TomTom.
Grab believes the map market in Southeast Asia will be worth $1 billion by 2025. So finding market share there could help it boost profits, especially in the face of losses. interminable.
GrabMaps will provide a mapping service to corporate customers, allowing the system to allocate drivers or shippers to customers, calculate trip times, and plan and optimize routes.
According to Ms. Tan Hooi Ling CoFounder Grab shared that third-party map services do not fully display the system of small alleys, one of the traditional planning features in Southeast Asia. As a result, the company’s service provision to customers is often interrupted or inaccurate.
In parallel, the process of updating third-party maps often takes months. This is one of the reasons driving Grab to launch a new map service and turn it into a competitive advantage
GrabMaps Grab technology says that the GrabMaps system currently processes more than 800 billion requests per month across all services.
The new service is being popularized in 7/8 countries where Grab is present, including Vietnam, and will be widely available in the third quarter of this year.