The Rise of Internet-Based Service Enterprises

May 30
10:51

2024

jodie mht

jodie mht

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In the rapidly evolving landscape of internet-based service enterprises, the future holds immense potential for location-based information services. This burgeoning sector is poised for significant growth, driven by technological advancements and increasing consumer demand.

Summary

The future of internet-based service enterprises,The Rise of Internet-Based Service Enterprises Articles particularly in location-based information services, is brimming with potential. Beijing Jingwei Facility IT Limited, a young yet pioneering company, exemplifies this trend. Inspired by a conversation with Li Li, a member of the CPPCC National Committee, the company has made significant strides in developing international standards and innovative services. This article delves into their journey, the challenges they faced, and the opportunities that lie ahead.

The Genesis of Beijing Jingwei Facility IT Limited

A Vision Inspired by Li Li

Beijing Jingwei Facility IT Limited was established in 2009, a relatively young company in the grand scheme of things. The inspiration behind its creation can be traced back to a conversation in 2006 with Li Li, a member of the CPPCC National Committee and the National Geographic Information Standardization Committee. During this discussion, Li Li highlighted the absence of Chinese-led international standards in the field of geographic information. This conversation ignited a spark in Zhang, the general manager of Beijing Jingwei, to contribute to the development of such standards.

The Birth of an International Standard

In 2007, Zhang prepared a draft for an international standard on the district network model, which was later published in an academic journal. This marked the beginning of Beijing Jingwei's journey towards establishing itself as a leader in location-based information services.

The Evolution of Location-Based Services

Early Days and International Influence

In the mid-2000s, location-based services and car navigation systems were just beginning to gain traction in China. However, international standards and practices had already recognized the potential of mobile terminal location services. By 2007, countries like Japan and Germany were experimenting with indoor positioning and fine information services, particularly in areas like hospitals and parks.

Domestic Adoption and Market Growth

It wasn't until around 2009 that the domestic market in China began to truly understand and invest in indoor positioning and pedestrian navigation. Notably, Nokia had already launched a walking navigation product in 2009, showcasing the potential of this technology. Beijing Jingwei Facility IT Limited seized this opportunity to develop its own location information services, aligning its goals with the international market.

The Future of Location-Based Information Services

Opportunities and Challenges

The depth of location-based information services presents a myriad of opportunities for growth and innovation. As technology continues to advance, the potential applications for these services are vast, ranging from enhanced navigation systems to personalized marketing strategies.

Interesting Statistics

  • According to a report by MarketsandMarkets, the location-based services market is expected to grow from $17.8 billion in 2020 to $39.2 billion by 2025, at a CAGR of 17.1% (source).
  • A study by Statista revealed that the number of smartphone users worldwide is projected to reach 7.33 billion by 2023, further driving the demand for location-based services (source).

Conclusion

The journey of Beijing Jingwei Facility IT Limited is a testament to the potential of location-based information services. From its inception inspired by a conversation with Li Li to its current status as a pioneering company, Beijing Jingwei has demonstrated the power of innovation and determination. As the market for these services continues to grow, the future looks promising for companies willing to explore and invest in this dynamic field.

References

By understanding the past and present of location-based services, we can better anticipate and shape the future of this exciting industry.