Watch Out, Alphabet - Meta, Microsoft, Amazon Join Forces to Create Open Maps Data Alternative to Google and Apple
Portfolio Pulse from Anusuya Lahiri
Meta Platforms, Microsoft, Amazon Web Services, and TomTom have collaborated to form the Overture Maps Foundation, aiming to create an alternative to Google and Apple Maps. The foundation has collected 59 million points of interest and made the data available for free as a base layer for a new map application. This move could provide more flexibility for companies to build their software on top of it, compared to using Google's or Apple's maps as a service.
July 26, 2023 | 1:29 pm
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NEGATIVE IMPACT
The creation of an alternative to Apple Maps by Meta, Microsoft, Amazon, and TomTom could potentially decrease Apple's market share in the mapping services sector.
The formation of the Overture Maps Foundation and the creation of an alternative to Apple Maps could potentially decrease Apple's market share in the mapping services sector. This is due to the fact that the new map application will provide more flexibility for companies to build their software on top of it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The creation of an alternative to Google Maps by Meta, Microsoft, Amazon, and TomTom could potentially decrease Google's market share in the mapping services sector.
The formation of the Overture Maps Foundation and the creation of an alternative to Google Maps could potentially decrease Google's market share in the mapping services sector. This is due to the fact that the new map application will provide more flexibility for companies to build their software on top of it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Amazon's collaboration with Meta, Microsoft, and TomTom to create an alternative to Google and Apple Maps could potentially increase its market share in the mapping services sector.
The formation of the Overture Maps Foundation and the creation of an alternative to Google and Apple Maps could potentially increase Amazon's market share in the mapping services sector. This is due to the fact that the new map application will provide more flexibility for companies to build their software on top of it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Meta's collaboration with Microsoft, Amazon, and TomTom to create an alternative to Google and Apple Maps could potentially increase its market share in the mapping services sector.
The formation of the Overture Maps Foundation and the creation of an alternative to Google and Apple Maps could potentially increase Meta's market share in the mapping services sector. This is due to the fact that the new map application will provide more flexibility for companies to build their software on top of it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's collaboration with Meta, Amazon, and TomTom to create an alternative to Google and Apple Maps could potentially increase its market share in the mapping services sector.
The formation of the Overture Maps Foundation and the creation of an alternative to Google and Apple Maps could potentially increase Microsoft's market share in the mapping services sector. This is due to the fact that the new map application will provide more flexibility for companies to build their software on top of it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80