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Digital Wayfinding Solutions Market Growth to hit USD664.95 million by 2028

Interactive wayfinding software is a user-friendly digital signage software application that allows businesses to communicate with internal and external audiences. Companies can create wonderful experiences for their customers and staff while providing relevant information on all the possible locations by making indoor navigation and electronic sign management simple for beginners. Advancements in technologies such as 3D mapping, indoor navigation and positioning, and extended reality, and their integration into digital wayfinding solutions are likely to introduce new trends in the market in the coming years. The use of augmented reality in navigation applications is expected to have a favorable impact on the growth of any facility; it also helps the facility owners in retaining their customers and visitors. Users may locate the path they want to take to arrive at their preferred location in the building contributing to the digital wayfinding solutions market growth.

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22 Miles, Inc.; Acquire Digital; Click Grafix; ConnectedSign; Gozio Inc.; Jarma Technologies LLC; LamasaTech Ltd; Ping HD; TrouDigital; Visix, Inc.; Xtreme Media Pvt. Ltd.; Everbridge Inc.; and Digital Wayfinding Solution (Advertise Me Pty Ltd) are a few key players operating in the digital wayfinding solutions market. Several other market players have also been analyzed to understand the global digital wayfinding solutions market growth.

According to our latest market study on “Digital Wayfinding Solutions Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by component, deployment, allocation, and geography” the market is projected to reach US$ 664.95 million by 2028 from US$ 234.62 million in 2021; it is expected to grow at a CAGR of 16.0% from 2021 to 2028.

Impact of COVID-19 Pandemic on APAC Digital Wayfinding Solutions Market

Governments of APAC countries are coping with the impact of the COVID-19 pandemic on national economies, people’s health, and livelihoods in the aftermath of the pandemic, with special concerns about vulnerable individuals and communities. Several Southeast Asian countries have taken dramatic and significant measures to provide an economic safety net for citizens and businesses in distress—including direct cash disbursements, short and medium-term forgivable loans and payment deferments, and unemployment insurance—to avoid an economic collapse and potential depression. Further, the global crisis has altered the shopping habits of people. The enactment of lockdown measures by governments worsened the operations of brick-and-mortar stores in the region. However, when stores and exceptionally tiny local businesses began to reopen, the retail industry was obliged to undergo a digital transition. Digital wayfinding has played an essential part in this transformation, and it is likely to continue to influence the strategies of the retail industry in the coming years contributing to the digital wayfinding solutions market growth.

Strategic Insights:

Players operating in the digital wayfinding solutions market are mainly focused on the development of advanced and efficient products.

In 2021, 22Miles Inc. announced the launch of Digital Signage Ready (DSR), a collection of ready-to-use software and service bundles that make it easy to set up and deploy digital signage.

In 2021, Acquire Digital announced the launch of a new and improved website that better shows its wide project portfolio from one location.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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