Global Geofencing Market, By Component (Solution and Services), Geofencing Type (Fixed and Mobile Geofencing), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Vertical (Transportation and Logistics, Retail, Healthcare and Life Sciences, Industrial Manufacturing, Media and Entertainment, Government and Defense, Banking, Financial Services and Insurance, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Geofencing Market
Geofencing market is expected to grow at a healthy CAGR of 26.9% in the forecast period of 2020 to 2027. Data Bridge Market Research report on geofencing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Geofencing refers to the virtual boundary in the geographical area in terms of RFID and GPS which triggers the software to activate a response when a mobile device enters the area. Developers are assisting hardware and software to precisely locate the data related to the region.
Technological advancement in maintaining the security and safety, technological advancement in the computation of cloud and wireless technologies supporting the location-based services are the factors driving the growth of geofencing market. Higher deployment cost and lack of knowledge are the factors restraining the geofencing market.
Increased use of analytics acts as an opportunity of geofencing market. Technical issues are the challenges faced by the geofencing market.
This geofencing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on geofencing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Geofencing Market Scope and Market Size
Geofencing market is segmented on the basis of component, geofencing type, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the geofencing market is segmented into solution and services. Services segment is sub-segmented into deployment and integration services, support and maintenance services, consulting and advisory services, API management and testing services.
- Based on geofencing type, the geofencing market is segmented into fixed and mobile geofencing.
- Based on organization size, the geofencing market is segmented into small and medium-sized enterprises and large enterprises.
- Geofencing market is segmented on the basis of vertical into transportation and logistics, retail, healthcare and life sciences, industrial manufacturing, media and entertainment, government and defense, banking, financial services and insurance and others.
Geofencing Market Country Level Analysis
Geofencing market is analysed and market size, volume information is provided by country, component, geofencing type, organization size and vertical as referenced above.
The countries covered in the geofencing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is dominating the geofencing market because of the technological advancement in various industries and high investment in R&D activities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Geofencing Market Share Analysis
Geofencing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to geofencing market.
The major players covered in the geofencing market report are Thumbvista, Simpli.Fi, ESRI, Geomoby, Apple, Pulsate, Mapcite, Swirl Networks, Bluedot Innovation, Mobinius Technologies, Gpswox, Localytics among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.