Expanding Strategic Partnerships what3words has recently formed strategic alliances with companies like Asendia, Woosmap, Peartechnology, Boohoo, and EKCS, indicating a strong endorsement of its location technology among logistics, retail, and event management sectors. This presents opportunities to offer tailored integration solutions or expand into similar verticals seeking precise geolocation services.
Diverse Sector Adoption With clients ranging from fashion retailers to government organizations and NGOs across over 170 countries, what3words demonstrates widespread applicability. This suggests potential sales avenues in industries such as logistics, government, public services, and event planning that require accurate and user-friendly location sharing.
Innovation Through Partnerships Recent collaborations like the partnership with Woosmap for privacy-first geolocation APIs highlight a focus on innovative, privacy-conscious solutions. Opportunities exist to target clients interested in advanced, secure location technology, especially those with stringent data privacy requirements.
Financial Growth Potential With a revenue estimate of between 50 and 100 million dollars and raising 110 million in funding, what3words is positioned for growth and product development. This makes it an attractive prospect for enterprise-level sales, strategic collaborations, or license-based offerings to enhance scalability.
Market Positioning and Competitiveness While competitors like Mapbox and TomTom have larger teams and revenue, what3words’s unique three-word addressing system offers distinctive value. Targeting niche markets that prioritize precision, simplicity, and innovative mapping solutions can unlock new sales opportunities tailored to their differentiating technology.