Global Geofencing Market - Predicted to Expand at a CAGR of 30.0% during Forecast 2018-2022 || Industry Key Players - GeoMoby, Mobinius Technologies Pvt Ltd., Localytics, Bluedot Innovation, Apple Inc., & Thumbvista

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Geofencing Market - Predicted to Expand at a CAGR of 30.0% during Forecast 2018-2022” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.

Multiple advanced satellites deployed around the globe have bolstered the global network for global positioning system (GPS). Through the use of robust GPS network, penetration of GPS-enabled devices, and by employing RFID technology, a new exercise of creating virtual geographic boundaries has emerged to be identified as geofencing. Geofencing software are enabling advertisers and marketing professionals target a specific customer base by triggering a response when the user’s mobile device arrives into or departs from a particular geographic area. According to Transparency Market Research’s latest study, the global market for geofencing is poised to expand at a stellar CAGR of 30.0% and generate revenues worth over US$ 2 billion by the end of 2022.

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 Executive summary and overview are the initial sections in the report that offer summarizing outlook on the forecasted market size estimations across metrics such as compound annual growth rate (CAGR), Year-on-Year (Y-o-Y) growth rate, and absolute dollar opportunities. The executive summary highlights the regional market forecast, while the overview provides a standard introduction to the overall global geofencing market. The term “geofencing” has also been defined in the overview of the report. 

The report has further provided exhaustive analysis on a slew of factors influencing the growth dynamics of the global geofencing market. Analysis on parameters such as internet user penetration, smartphone penetration, vendor list, and IoT spending has also been provided in the report. The report also delivers an intensity map that demarks the presence of key companies across multiple regions. These companies have been extensively profiled in the section dedicated to revealing the competition landscape in the global geofencing market. Current market standings and strategic undertakings of market players have been disclosed in this section.

Key sections in the report reveal the analysis and forecast of the global geofencing market across several segments. Primary segmentation of the global geofencing market includes the component, the type of network, end-use industry, and region.

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On the basis of components, the global geofencing market is segmented into

Software Application

RFID Tag

Smart Sensors

Network-based segmentation of the global geofencing market entails:

Cellular

Unlicensed Low Power Technology

Key end-use industries segmented in this report are:

Transportation and Logistics

Retail

Healthcare & Life Sciences

Aerospace & Defense

Others

The report has also analyzed the expansion of the global geofencing market across regions, namely:

North America (US and Canada)

Latin America (Brazil, Argentina, Mexico, etc.)

Europe (Western European and Eastern European countries)

APEJ (Asia-Pacific excluding Japan)

MEA (Middle East & Africa)

Japan

MRRSE has employed a team of analysts, business consultants & subject matter experts in the development of this study on the global geofencing market. For delivering accurate forecasts, robust research methodology comprising of primary and secondary research approaches has been employed. To cater to the universal understanding, the report offers market size estimations in US dollars (US$). Moreover, tailor-made formulas and authorized interviews with company representatives have instrumented the reliability of this business document. Qualitative insights have been infused with quantitative market size forecasts to ensure that the key players in the global geofencing market can undertake informed decisions by availing the report and assessing the inferences provided within.

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