Smart Buildings

MapsPeople Indoor Mapping Business & 2023 Financials Examined

In this Research Note, we examine MapsPeople, a Danish public company providing indoor mapping and navigation software. This analysis, covering their latest financial results, channel and vertical market focus, PointInside acquisition, and 2024 outlook, updating our previous Research Note in May 2023. Founded in 1997, MapsPeople is a subscription-based SaaS company based in Nørresundby, Denmark with global reach and customers in more than 50 countries. Specializing in developing and implementing the MapsIndoors dynamic mapping platform, MapsPeople provides a solution for handling both basic wayfinding and navigation in large building complexes, as well as optimizing the utilization of indoor spaces through smart integrations. MapsIndoors consists of software development kits (SDKs) for any platform, APIs, and a content management system (CMS). MapsPeople 2023 Financial Highlights ARR grew 63% through 2023 from mDKK 31.8 at the end of 2022 to mDKK 52.0 by the end of 2023. The main growth product MapsIndoors ARR grew 103% from mDKK 18.7 […]

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