Ad Age, a magazine on marketing and media, recently ran a story about how Google’s next money maker will be its Maps service.
It’s a nice commentary about the business and consumer sides of Google Maps. On the personal/consumer side, Google is adding more advertisements when people search for an address – for example, asking if you want delivery via DoorDash if you search for a restaurant. There are also “promoted pins” which are map pins that appear showing an advertiser’s location, even if the advertiser isn’t relevant to the search. On the business side, Google recently increased the cost of using Google Maps embedded into a website/app/mobile app.
Read the article here:
I predict we’ll see more ads and more monetization of the Maps service. Google needs to diversify its revenue – most of it currently comes from ads – and Maps is a great source of data. It wouldn’t surprise me to see Google expanding the Google Local service, encouraging more business reviews from customers so they have more local data to display along with Maps.