Competition within the geolocation sector increases as more geolocation services pop up, SportsHandle reported. GeoComply and EPIC used to be indisputable leaders in their particular sectors however the market of today is much more saturated and competitive.
SportsHandle talkedabout the matter with agents of the 2 business, who stated that the increased competitors is something they anticipated.
The Market Saturation Is Unsurprising
Sam Basile, VP of organization advancement for GeoComply North America keptinmind that, at the starting, his business was able to distinguish itself from its rivals thanks to the exceptional quality of its item. Thanks to that and the value of its services, the business was able to preserve a monopoly for a long time.
As more rivals appeared, GeoComply acknowledged the value of not endingupbeing contented and constantly aiming to be ahead of the curve. To that end, the business has varied into other services, such as know-your-customer services, scams recognition, researchstudy and client activation.
Our internal ethical compass has constantly been about being larger, muchbetter, and having the finest item, the believed of having extra tools to be able to permit the consumer experience.
Sam Basile, VP of service advancement, GeoComply
EPIC Global Solutions’ senior director, John