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Nearmap also has a sales presence across the United States, where Newman said the company's product has gained a warm reception. According to Newman, Nearmap created a new market when it introduced its product, as 80 percent of its customers in Australia had never Heart Doctor mortgage before purchased aerial imagery. In Australia, Nearmap captures imagery up to six times per year for most of the major cities and some of the larger regional towns. In the US, 70 of the country's largest cities are captured up to three times per year, with 270 cities captured at least once a year. Insurance companies are using Nearmap to remotely assess claims; construction companies are using it to monitor the progress of developments; solar companies are using it to provide quotes and identify areas to target for new business; and local government agencies are using it to identify illegal developments. While it's obvious what customers such as Ausgrid and Brisbane City Council are using Nearmap for, Newman said he's seen a whole range of use cases he never saw coming. "One is Tasty Trucks, who drive the food vans around to construction sites so that the workers on site can buy lunch," he explained. "Tasty trucks was identifying where construction sites were using our imagery to plan the route of their food trucks." Nearmap also has a partnership with Dutch telematics company TomTom. "When you use your smartphone to plan your trip and it gives you the routing directions, they're also tracking where you're going, and when they find out that the route you took was different than what they have as a record, they look at Nearmap imagery," he explained. "They might find changes such as new roundabouts and change their routing directions as a result." Newman believes there is real opportunity with Nearmap around driverless cars and autonomous vehicles in the future. "When you think about what has happened with other subscription-type businesses like music and software, we're doing the same in this industry and I think there's enormous potential for this company," he said.
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