openPR Logo
Press release

Geofencing Market Key Players by 2024: Google, Apple, Bluedot innovation, Pulsate, Esri, Embitel, Simplifi.fi, Gimbal, Mapcite, UpSnap, Placecast

08-01-2018 01:02 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Market Overview: -

Geofencing market is projected to surpass USD 1.7 billion by 2024. The technology combines the awareness of user’s current location with that of their proximity to a location of interest. The market is witnessing rapid growth due to increasing global penetration of mobile devices and favorable growth of location-based services implementation. As businesses are increasingly realizing the benefits of location-based monitoring and management of mobile resources for increasing workforce and process productivity, the market is expected to exhibit robust growth over the forecasted timeline. Moreover, increasing awareness regarding competitive intelligence and growing popularity of proximity marketing are also projected to propel the market growth between 2017 and 2024.

The growing adoption of geo-conquesting marketing campaigns is also driving the growth of market in automotive and retail sector. By setting up geofences in the proximity of competitors business establishments, enterprises are targeting potential customers in the perimeter by offering lucrative offers on their products. As more and more brick-and-mortar retail businesses are implementing proximity-based marketing campaigns, the applications of geofencing-based marketing solutions are poised to increase rapidly over the forecast period. The market is witnessing traction also due to rising adoption of the technology in transport and logistics sector. As geofencing offers an efficient solution to manage large fleets across diverse geographic areas, it becomes manageable to track and monitor the location and movement of individual vehicles.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/222

Top Key Players: -

The companies offering geofencing solutions are focusing on expanding their reach to a broader customer base to secure a competitive advantage in the rapidly evolving marketspace. For instance, in January 2018, Bluedot Innovation, one of the leading providers of geofencing solutions, launched Bluedot Location Marketing on Salesforce AppExchange, the world’s largest marketplace for enterprise apps. With this launch, the company made its geofencing solution highly accessible to enterprise customers. Such initiatives are contributing to the expanding market share of these leading companies. Some of the key players in the geofencing market are Apple, Google, Thumbvista, Esri, Urban Airship, Bluedot innovation, Gimbal, Embitel, Placecast, Simplifi.fi, Swirl Networks, Radar Labs, UpSnap, GeoMoby, PlotProjects, Localytics, Pulsate, Mapcite, and DreamOrbit.

Market share calculation in this report is not done based on companies covered in it. The calculation of geofencing market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America is expected to dominate the geofencing market throughout the forecast timeline due to the availability of an extensive and robust GPS infrastructure and high awareness regarding location-based analytics. As U.S. based retailers are increasingly deploying proximity marketing campaigns to target prospective customers and retain their loyal ones, the market will experience consistent traction between 2017 and 2024.

Asia Pacific geofencing market is projected to witness fastest growth between 2017 and 2024 due to growing inclination towards geofencing technology in the logistics and retail sectors in countries such as India, China and Australia.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/222

Partial Chapter of the Table of Content

Chapter 3. Geofencing Industry Insights
3.1. Introduction
3.2. Benefits of geofencing technology
3.2.1. Improved productivity
3.2.2. Resource tracking
3.2.3. Monitoring and managing workforce remotely
3.2.4. Geo-Retargeting
3.2.5. Increased ROI
3.3. Evolution of geofencing technology
3.3.1. Geofencing vs beacons
3.4. Industry segmentation
3.5. Industry landscape, 2015 - 2024
3.6. Industry ecosystem analysis
3.7. Geofencing architecture analysis
3.8. Regulatory landscape
3.9. Technology & innovation landscape
3.9.1. Combining geofencing and beacons
3.9.2. Augmented reality and geofencing
3.9.3. GPS Modernization
3.10. Geofencing industry impact forces
3.10.1. Growth drivers
3.10.1.1. Growing penetration of mobile devices
3.10.1.2. Regulatory compliance
3.10.1.3. Demand for location-based services (LBS)
3.10.1.4. Growing awareness regarding competitive intelligence
3.10.2. Industry pitfalls & challenges
3.10.2.1. Concerns regarding data security and privacy
3.10.2.2. Signal accuracy, integration and availability issues
3.10.2.3. Legal and regulatory issues
3.11. Industry news
3.12. Porter's analysis
3.13. PESTEL analysis
Chapter 4. Competitive Landscape, 2016
4.1. Introduction
4.2. Competitive analysis of market players
4.3. Apple
4.4. Google
4.4.1. Bluedot Innovation
4.4.2. Thumbvista
4.4.3. Embitel
4.4.4. Simpli.fi
4.4.5. Mapcite
4.4.6. Swirl
4.4.7. GeoMoby

Browse Full Report @ https://bit.ly/2Be4m0J

The Geofencing technology is witnessing consistent advancements in terms of upgradation and integration with other technologies such as beacons and augmented reality. As GPS is undergoing a technological transformation with acquisition of new satellites and emergence of latest standards, geofencing will evolve into a more sophisticated location-based service over the forecast period. An emerging application of geofencing is increasingly evident as a recruitment tool, where companies are leveraging the technology to target prospective employees. Companies are locating and attracting specialized talent using geofencing. By procuring a database of potential recruits, companies set up geofences in areas where these coveted recruits live or work.

When a person with relevant credentials enters such a geofence, an ad inviting to apply for the available position is pushed on his/her mobile phone. As the technology matures further, more innovative applications of geofencing are expected to evolve over the forecast timeline.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Geofencing Market Key Players by 2024: Google, Apple, Bluedot innovation, Pulsate, Esri, Embitel, Simplifi.fi, Gimbal, Mapcite, UpSnap, Placecast here

News-ID: 1156673 • Views: 1212

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Geofencing

Geofencing Technology In Future Market: Esri, Apple, Thumbvista, Localytics, Sim …
A geo-fence is a virtual perimeter for a real-world geographic area. A geo-fence could be dynamically generated-as in a radius around a point location, or a geo-fence can be a predefined set of boundaries (such as school zones or neighborhood boundaries). The use of a geo-fence is called geofencing, and one example of usage involves a location-aware device of a location-based service (LBS) user entering or exiting a geo-fence. This
Geofencing: Technology and Market Dynamics
Geofencing Market: Drivers and Restraints The prime factor responsible for the growth of the Geofencing market is increasing technological advancements in maintaining the security and safety majors for the organizations and also part of the geographies. Also, the constant technological advancements going on in the cloud computing applications, Global Navigation Satellite System (GNSS), and the wireless technologies which are supporting the Location-Based Services (LBS), Global Positioning System (GPS), are contributing significantly
Geofencing Industry 2019: Manufacturers and Market Future Outlook
The Global Geofencing Industry Report 2019 is a professional and in-depth study on the current state of the Geofencing Market. Key #Companies Analysis- Esri, Apple, Thumbvista, Localytics, Simpli.fi, Sample Study @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=2042488 The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Geofencing market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. The 2019
Geofencing Market share growth trends and Forecast
Geofencing market is projected to surpass USD 1.7 billion by 2024. The technology combines the awareness of user’s current location with that of their proximity to a location of interest. The market is witnessing rapid growth due to increasing global penetration of mobile devices and favorable growth of location-based services implementation. As businesses are increasingly realizing the benefits of location-based monitoring and management of mobile resources for increasing workforce and
Geofencing Market expected to grow significantly
Geofencing market is projected to surpass USD 1.7 billion by 2024. The technology combines the awareness of user’s current location with that of their proximity to a location of interest. The market is witnessing rapid growth due to increasing global penetration of mobile devices and favorable growth of location-based services implementation. As businesses are increasingly realizing the benefits of location-based monitoring and management of mobile resources for increasing workforce and
Geofencing
The Insight Partners added “Geofencing Market 2025 – Global Analysis and Forecasts by Connectivity (Active and Passive), Type (Fixed and Mobile); Enterprise Size (Small and Medium-Sized Enterprise, and Large Enterprise); and Application (Healthcare, Industrial Manufacturing, Banking, Financial Services, and Insurance (BFSI), Government and Defense, Transportation and Logistics, Retail, and Others) Geofencing is a location-based applications which use technologies of global positioning system (GPS) and radio frequency identification (RFID) to create virtual