The introduction of geospatial knowledge graphs for managing geospatial datasets is driving the market expansion. Advanced graph technologies enhance the organization and utilization of location-based data. For instance, in May 2023, Foursquare, a standalone geospatial technology platform, unveiled its geospatial knowledge graph. This innovative approach helped in organizing geospatial datasets through graph technologies and the H3 grid system, revolutionizing the manner in which businesses extracted value from location data.
The growing need for semantic search plays a crucial role in propelling the market demand. Semantic search engines, powered by knowledge graphs, delve beyond simple keyword matches. They understand the context, intent, and relationship between words, providing users with highly relevant & contextually accurate search results. As the volume of online content expands exponentially, businesses and users require more sophisticated and precise search capabilities. Knowledge graphs enable this by adding layers of semantic understanding, making them indispensable for modern search engines and applications.