Global Geofencing Market, 2016 – 2024
Growing application is certain sectors such as human resources, telematics, and child location service are expected to spur the market growth in the upcoming period.
Growing application is certain sectors such as human resources, telematics, and child location service are expected to spur the market growth in the upcoming period.
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Published By:Zion <strong>Market</strong> Research<br />
<strong>Geofencing</strong> <strong>Market</strong>: <strong>Global</strong> Industry Analysis, Size, Share, Growth,<br />
Trends, and Forecasts <strong>2016</strong><strong>–</strong><strong>2024</strong><br />
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<strong>Geofencing</strong> <strong>Market</strong><br />
<strong>Geofencing</strong> <strong>Market</strong>: Overview<br />
<strong>Geofencing</strong> can be defined as a virtual boundary in the geographical area in terms of<br />
RFID and GPS which triggers the software to activate a response when a mobile device<br />
leaves or enter the area. Since many years developers are taking the assistance of<br />
hardware and software to precisely locate the data related to geography.<br />
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<strong>Geofencing</strong> <strong>Market</strong>: Segmentation<br />
The global geofencing market is segmented based on various factors such as<br />
component, geofencing type, service, organization size, and vertical. Based on vertical<br />
it is segmented as transportation and logistics, industrial manufacturing, healthcare and<br />
life sciences, banking, financial services, and insurance, media and entertainment, and<br />
many others. Further based on service is segmented as support and maintenance<br />
services, consulting and advisory services, support and maintenance services, and<br />
deployment and integration services. Based on the component it is bifurcated as<br />
services and solution, while on the basis of type, it is further differentiated as mobile<br />
geofencing and fixed geofencing.
<strong>Geofencing</strong> <strong>Market</strong><br />
<strong>Geofencing</strong> <strong>Market</strong>: Growth Factors<br />
Growing application is certain sectors such as human resources, telematics, and child<br />
location service are expected to spur the market growth in the upcoming period.<br />
Hasslefree accessibility of low-cost developers merged with enhanced demand<br />
specifically for the IOT (Internet of Things) is projected to spread out the barriers of<br />
location-based application and create new opportunities for new development. This is<br />
also a crucial development-based factor responsible for the growth of the geofencing<br />
market. Moreover, developers stressing more about new and advanced technologies<br />
are helping the market to gain the momentum. Factors such as technological concerns<br />
related to devising monitoring, battery draining issues, and lack of preceding caution<br />
services are somewhere limiting the growth of the market. Similarly, missing features<br />
such as monitoring ability of geofence in low coverage areas has forced the customers<br />
to move their focus towards authorized marketing, which is considered as a restraining<br />
factor for the growth of the geofencing market.<br />
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<strong>Geofencing</strong> <strong>Market</strong>: Regional Analysis<br />
The global geofencing market is dominated by North America owing to the appreciable<br />
growth in the forecast period. Growing research and development activities is a<br />
responsible factor for North America’s position. Moreover, Asia Pacific region is<br />
anticipated to grow drastically owing to constant research in geofencing services.
<strong>Geofencing</strong> <strong>Market</strong><br />
<strong>Geofencing</strong> <strong>Market</strong>: Competitive Players<br />
The key vendors that hold a strong dominance over the geofencing market are<br />
Thumbvista, Simpli.Fi, ESRI, Geomoby, and Apple. While some othe prominent players<br />
comprise of Pulsate, Mapcite, Swirl Networks, Bluedot Innovation, Mobinius<br />
Technologies, Gpswox, and Localytics.<br />
<strong>Global</strong> <strong>Geofencing</strong> <strong>Market</strong>: Regional Segment Analysis<br />
North America<br />
o The U.S.<br />
Europe<br />
o The UK<br />
o France<br />
o Germany<br />
The Asia Pacific<br />
o China<br />
o Japan<br />
o India<br />
Latin America<br />
o Brazil<br />
The Middle East and Africa<br />
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<strong>Geofencing</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.comWeb:www.zionmarketresearch.com
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