The geodata industry market is constantly growing, as increasingly more businesses and institutions need geospatial data in their activities. The Compound Annual Growth Rate (CAGR) of geodata industry is 11,4% that is a solid proof for the potential of the geodata market. The growth of the industry is expected to accelerate even further. Geodata is being used in a wide range of fields, including business, medical help, rescue services. Using different geodata solutions helps the businesses and institutions reach their target groups and provide more accurate services.
Today the Baltic countries are seen as one united economic region. Businesses and institutions active in the region usually do not focus only on one country, but see all three countries as one target market. Thus a geodata solution covering all three markets is needed. At the moment only huge global data vendors like Google, Bing and Here are able to provide pan-Baltic map service for web and mobile app developers. Even though the solutions cover the whole region, it is uncomfortable for the developers to use them. Each of the vendors have their own restrictions and constraints and in addition the data accuracy and update frequency is not sufficient. The big players of the field are not interested to frequently update their data as for them the region is a small market and thus not a priority.
The local data vendors have up-to-date and accurate data, however, the data ends on the borderline of the countries. Estonian data vendors usually have only Estonian and Latvian data vendors only Latvian data. Currently there are no cross-border solutions, as the data vendors have different databases with a variety of restrictions, thus it is not possible to merge them.
Resulting from the current situation, the objective of this project is to develop a united platform for geoservices by merging the existing databases into one unified database. During the project, the major private sector spatial data and map publishers of Estonia and Latvia will jointly develop a new solution for creating a unified database of the Baltic region and thus provide up-to-date and high quality data for the businesses and institutions of the region.
Author of the photo: Karšu izdevniecība Jāņa sēta, SIA