(MENAFN- The Express Wire) Geofencing Market Size, Share & COVID-19 Impact Analysis, By Geofencing Type (Fixed and Mobile), By Technology (Active and Passive), By Enterprise Type (Large Enterprises and Small & Medium Enterprises (SMEs)), By End-User (Retail and Consumer Goods, Government and Defense, Healthcare, Transportation and Logistics, Automotive, and Others), and Regional Forecast, 2023 – 2030
The global“Geofencing Market Size” is expected to rise with an impressive CAGR and generate the highest revenue by 2030. Fortune Business InsightsTM in its latest report published this information. The report is titled "Geofencing Market Size, Share and Revenue Forecast, 2023-2030". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.
The global geofencing market size was valued at USD 1.83 billion in 2022. The market is projected to grow from USD 2.20 billion in 2023 to USD 8.89 billion by 2030, exhibiting a CAGR of 22.1% during the forecast period.
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Report Highlights:
A comprehensive overview of theGeofencing Market Significant factors boosting, restricting, challenging and providing an opportunity to the market Key insights and major industry developments Significant players functioning in theGeofencing Market Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others Other market trends
Driving Factor:
Increasing Usage of Mobile Devices for Consumer Engagement to Boost Market Growth
Recently, there has been an increase in internet usage and ownership of mobile devices. The growing popularity of GPS-enabled, Smart, and location-aware smartphones allows geo-fencing to target specific customers with real-time personalized notifications and advertising. Increased consumer engagement is a key factor supporting market expansion. Increased consumer engagement is the key factor supporting market expansion.
However, increased privacy concerns for location data are limiting market expansion.
Regional Analysis for Geofencing Market:
North America (the USA and Canada) Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America)
TheGeofencing Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.
Geofencing Market Segments:
By Geofencing Type
By Technology
By Enterprise Type
Large Enterprises Small and Medium Enterprises (SMEs)
By End-User
Retail and Consumer Goods Government and Defense Healthcare Transportation and Logistics Automotive Others (BFSI, Travel, and Hospitality)
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Top SmartGeofencing Market Size Manufacturers covered in the Market Report include:
Bluedot (U.S.) Radar Labs, Inc. (U.S.) Infillion (U.S.) Esri (U.S.) Eskimi (Lithuania) Thumbvista (U.S.) fi (U.S.) Mapsted Corp. (Canada) LocationSmart (U.S.) GeoMoby (Australia)
Some of the Key Questions Answered in this Report:
Detailed Overview of theGeofencing Market will help deliver clients and businesses making strategies. Influencing factors that are thriving demand and latest trends running in the market. Geofencing Marketforecast for global market split into segments like region, product, applications, end-user, technology, etc. What trends, challenges and barriers will impact the development and sizing of the Global Geofencing Market? SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same. What is theGeofencing Market growth momentum or market carries during the forecast period? Which region may tap the highest market share in the coming era? Which application/end-user category or Product Type may seek incremental growth prospects? What focused approach and constraints are holding theGeofencing Market demand?
Research Methodology:
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Major Table of Contents forGeofencing Market Research Report:
Introduction Executive Summary Market Dynamics KeyGeofencing Market Insights Global Market Analysis, Insights and Forecast North America Market Analysis, Insights and Forecast Europe Market Analysis, Insights and Forecast Asia Pacific Market Analysis, Insights and Forecast The Middle East and Africa Market Analysis, Insights and Forecast Latin America Market Analysis, Insights and Forecast Competitive Landscape GlobalGeofencing Market Revenue Share Analysis, By Key Players, 2023 Company Profiles Conclusion
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