How Does Waze Work? How Is Waze Business Model Designed? Let’s find out!

Whenever we insert the key in the ignition engine, the first thing which crosses our mind is TRAFFIC. We all wonder what if we could have all the traffic information before we start our drive. Well, the tech world has nothing left to only dream about. 

The truth of the matter is that there is already a mobile application called Waze, which can help users reach their destination well in time and without much hassle.

It is a community-based traffic and navigation app that helps users by providing turn-by-turn navigation information on their smartphones. By notifying its users about the busiest and fastest possible routes, Waze is giving its users a smart traveling solution.

As per Statista, Waze is the second most popular mapping app in the US, in terms of number of monthly users. 

waze revenue model

Such an impressive number of monthly unique users make the case study of “Waze” worth-studying. Especially, if you are planning to build a navigation app like Waze, you must know how popular navigation apps like Google Maps or Waze work and make money to go and succeed on similar lines.

So, let’s dig in and find everything about Waze Business Model.