Wayfinding System Market Scope
Wayfinding is the practise of utilizing any indications provided by the environment to find your way to a destination in a known or new area. Wayfinding appears to be a simple described and understood process on the surface; yet, its ubiquity, as well as the accompanying desire to refine and improve wayfinding, has led to a large number of research that have demonstrated that it is in reality a highly complicated activity. Wayfinding advances have reacted to a client's particular demands for markers and pattern identification by creating immersive spatial links between consumers or users and the location or regions where wayfinding is necessary. Signs, navigational aids, and maps are still in use, but businesses are developing a digital framework that goes beyond basic information.
The Wayfinding System market study is segmented and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wayfinding System market throughout the predicted period.
IBM Corporation (United States), AECOM (United States), SignAgent (Canada), Cisco Systems, Inc. (United States), TATA Elxsi (India), Visix, Inc. (United States), Juniper Networks (United States), Encompass Sign Systems (United States), Visual voice (Canada) and Sign System Solutions (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are West HQ (Australia), Takeform (United States) and Future System (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Wayfinding System market by Type, Application and Region.
On the basis of geography, the market of Wayfinding System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 15th March, 2019 - MC Group Acquired Coastal Signage + Wayfinding (Leading Signage, Graphics, Fixtures and Displays Manufacturer). Following the Acquisition of Integra Service Group, MC Group Has Expanded Its Line of Services with The Inclusion of Coastal Signage + Wayfinding, A Full-Service Solutions Provider.
On 22nd March, 2021 - Korbyt launched New Wayfinding Solution for Offices. Employees and Guests May Discover and Book Secure Meeting Locations Using the New System, Which Can Input Maps of Office Layouts, Manufacturing Areas, And Communal Spaces. and On 8th February, 2021 - IBM Introduced Digital Wayfinding system “TRIRIGA” To Meet Changing Workplace Needs. For Real-Time Situational Awareness, This New Web App Uses Wi-Fi Network Infrastructure for Indoor Positioning (IP) Or Real-Time Location Systems Like Apple, Cisco, Or Esri.
Market Trend
- Emergence of Advance Automated Wayfinding Systems
Market Drivers
- Rising Demand for Wayfinding System for Navigation
- Growing Investment in Professional infrastructure
Opportunities
- Increasing implementation Across Emerging Regions
Restraints
Challenges
- Raw Material Price Fluctuation
Key Target Audience
Wayfinding System Manufactures, New Entrants and investors, Wayfinding System Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others