INVESTOR UPDATE JUNE 2020, page-78

Tue, 16 Jun at 12:57 pm

Nearmap Ltd (ASX: NEA)

The first mid cap share to look at is this leading aerial imagery technology and location data company. Nearmap’s software gives businesses instant access to high resolution aerial imagery, city-scale 3D datasets, and integrated geospatial tools. This is proving very popular with end users as it allows them to conduct site visits from the safety of their own home or office. It also enables informed decisions, streamlined operations, and ultimately significant cost savings for businesses. Due to Nearmap’s high quality product offering and its sizeable opportunity in a fragmented market, I believe it has the potential to grow its sales at a very strong rate over the next decade.