Geofencing Market, Covid-19 impact on Market Growth, Segments, Revenue, Manufacturers & Forecast Research Report 2027
Market Scenario:
The global Geofencing
Market will touch USD 2,387 million at a 27% CAGR in the forecast
period 2020- 2027, states the latest Market Research Future (MRFR) analysis.
Geofencing, put simply, is a location-based application that uses GPS
technologies and RFID to develop virtual geographic boundaries.
Various factors are fuelling the global geofencing market
demand. As per the recent MRFR market estimates, such factors include the
increasing need for location based applications among consumers, increase in
the use of spatial data and analytical tools, ease of integration and
deployment of geofencing solutions, the penetration of new technologies, and
the rise in the use of spatial data and analytical tools. The additional
factors adding market growth include the growth of competitive intelligence,
rise in business intelligence, the need to track the marketing activities of
competitors, increasing technological advances to maintain the security and
safety majors for the organization, demand for geofencing marketing, increasing
use during COVID-19 pandemic, and growing application in certain sectors like
child location service, telematics, and human resources.
On the contrary, privacy and legal concerns, increasing
awareness about safety and security among customers, high deployment cost, lack
of knowledge, battery draining issues, and technological concerns related to
devising monitoring may impede the global geofencing market growth over the
forecast period.
Request
a Free Sample @ https://www.marketresearchfuture.com/sample_request/4490
Competitive
Outlook:
The
leading players profiled in the global geofencing
market report include Swirl
Networks Inc. (U.S.), Localytics (U.S.), GPSWOX, Ltd. (U.S.), Geomoby
(Australia), Bluedot Innovation (U.S.), Esri (U.S.), Simpli.Fi Holdings Inc.
(U.S.), Pulsate (U.S.), Thumbvista (U.S.), and Apple, INC. (U.S.), among
others. The other players include SuccorfishM2M (U.K.), Visioglobe (France),
Raveon Technologies (U.S.), Plot Projects (Netherlands), Urban Airship (US),
Nisos Technologies (U.S.), MobiOcean (India), Maven Systems (India),
LocationSmart (U.S.), InVisage (U.S.), Factual (U.S.), DreamOrbit (India),
Mapcite (U.K.),and Mobinius Technologies (India), among others.
Segmentation:
The MRFR report throws
light on an inclusive segmental analysis of the global geofencing market based
on vertical, organization size, deployment, device type, and component.
By component, the global geofencing market is segmented to
services and solution. The services segment is again segmented into API
management and testing services, consulting and advisory services, support and
integration services, and deployment and integration services. Of these, the
API management and testing services segment will lead the market over the
forecast period.
By type, the global geofencing market is segmented into
mobile geofencing and fixed geofencing. Of these, the fixed geofencing will
dominate the market over the forecast period.
By organization size, the global geofencing market is
segmented into large enterprises and SMEs. Of these, the large enterprise will
have the lions share in the market over the forecast period.
By vertical, the global geofencing market is segmented into
government, media and entertainment, transportation, retail, manufacturing,
healthcare, BFSI, and others. Of these, the transportation segment will
spearhead the market over the forecast period.
Regional Analysis:
Geographically, the
global geofencing market is bifurcated into Europe, North America, the Asia
Pacific, and Rest of the World (RoW). Of these, North America will head the
market over the forecast period. Technological advances, increasing need for
location based applications, rise in the use of spatial data and analytical
tools, the presence of a large number of established key players such as Apple,
the presence of a well-established infrastructure that allows higher
penetration of devices, increasing adoption of smartphones, and growing
popularity of social media platforms are adding to the global geofencing market
growth in the region.
In the Asia Pacific region, the global geofencing market is
predicted to have admirable growth over the forecast period. Increased smart
city projects, growing government initiatives in India, South Korea, China, and
Japan, and increasing awareness regarding the benefits of location-based
services to increase the efficiency of fleet management systems and marketing
campaigns are adding to the global geofencing market growth in the region.
Industry
News
Browse
Full Report Details @ https://www.marketresearchfuture.com/reports/geofencing-market-4490
Table of Contents:
1 Executive
Summary
2 Scope
of the Report
2.1 Market Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
Continued….
View Similar Report:
Internet of Things (IoT) Market: By Software (Data Management, Network Management), By
Hardware(Sensors, camera), By Services (Manage Services, Professional
Services), By Organization Type (Small and Medium Scale Business, Large Scale
Business)
View Similar Report:
Facility Management
Services Market: By Services (Project Management,
Inventory Management, Maintenance Management), by Deployment (Cloud,
On-Premise), Organization Size (SME, Large Enterprise), Industry Vertical
(BFSI, Retail)
About
Market Research Future:
At Market Research Future
(MRFR), we enable our customers to unravel the complexity of various industries
through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR),
Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
Office No. 524/528,
Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email:
sales@marketresearchfuture.com
Comments
Post a Comment