|10-08-2018 04:11 PM CET - IT, New Media & Software||
Geofencing Market Analysis To 2025: With Apple, Google, IBM, Samsung Electronics, Microsoft, Simpli.fi, Gimbal, Esri, Pulsate, Radar, Localytics, Bluedot Innovation, Swirl Networks
Press release from: Data Bridge Market Research
The "Worldwide Geofencing Market Investigation to 2025" is a particular and top to bottom investigation of the geofencing industry with an attention on the worldwide market slant. The report intends to give a diagram of worldwide geofencing market with point by point market division. The worldwide geofencing market is relied upon to observer high development amid the conjecture time frame. The report gives key measurements on the market status of the main market players and offers enter patterns and openings in the market.
Expanding number of highlights given by the Report, for example, remain geofencing, wellbeing highlights and other will drive the market in the coming years. The ascent of various application has opened a potential road of utilization for geofencing market and will acquire new open doors the market. The Global Market is expected to reach USD 3,965.24 million by 2025 from USD 582.2 million in 2017 and is projected to grow at a CAGR of 27.01% in the forecast period of 2018 to 2025.
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Forecasting Regional and Global Analysis on Geofencing Market By Component (Solution, Services), Service (Deployment And Integration Services, Support And Maintenance Services, Consulting And Advisory Services, API Management And Testing Services) Geofencing Type (Fixed Geofencing, Mobile Geofencing), Organization (Small And Medium-Sized Enterprises, Large Enterprise), Vertical (Transportation And Logistics, Retail, Healthcare And Life Sciences, Industrial Manufacturing, Media And Entertainment And Other) and Geographical Segments.
Geofencing is a virtual surrounding created around the lands boundary. It consists of data software programs which are collected from the GPS (Global Positioning Systems). It includes the location details as per geographic parameters. The essential factor in charge of the expanding prevalence of the geofencing is that it permits an overseer who has set up the geofencing to set up the triggers for occasions. These triggers are set by the head for the occasions, for example, section or exit of the gadgets inside the chose limits by the overseer. Now a day’s geofencing is getting importance because of various applications such as google earth. It has various applications in pharmaceutical industry, media, retail, entailment and other. The renowned players in geofencing market are
· Apple, inc.,
· Simpli.fi Holdings inc.,
· Bluedot Innovation,
· Gpswox, ltd.,
· SWIRL Networks inc.,
Others: Gimbal Inc., Google LLC, IBM Corporation, Microsoft Corporation, Radar Labs Inc., Samsung Electronics Co., Verve Inc., Mapcite, Pulsate, Mobinius Technologies, and many more. The global circuit breaker market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of geofencing market for global, Europe, North America, Asia Pacific and South America.
· In 2018, Bluedot Innovation launched launched Bluedot Location Marketing on the Salesforce App Exchange; it will help them to empowered businesses to connect with their customers, partners, and employees in entirely new ways.
· According to ACS Chemical Neuroscience, in 2016, in U.S., global pharmaceutical industry was stated to be USD 446 Billion alone. According to Outlook report, The U.S. media and entertainment industry is USD 735 billion which includes commercials, television program, streaming content, radio, broadcast,and other.
· The industry is expected to reach around USD 830 billion by 2022. Thus above factor proves that media sector and pharmaceutical industry is growing which will derive the demand for market.
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Market Drivers and Restraints:
· Technological advancements and rise in the use of spatial data and analytical tools
· Increasing applications in numerous industry sectors
· Rising adoption of location-based application among consumers
· Increasing awareness regarding safety and security among consumers
Market Segmentation: Global Geofencing Market
The market is based on Component, Service, Geofencing Type, Organization Size, Vertical And Geographical Segments.
· Based on component, the market is segmented into
· Based on service, the market is segmented into
• Deployment and integration services
• Support and maintenance services
• Consulting and advisory services
• API management and testing services
· Based on geofencing type, the market is segmented into
• Fixed geofencing
• Mobile geofencing
· Based on organization size, the market is segmented into
• Small and medium-sized enterprises
• Large enterprise
· Based on vertical, the market is segmented into transportation and
• Healthcare and life sciences
• Industrial manufacturing
• Media and entertainment and other
· Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil are among others.
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