Geofencing: Technology and Market Dynamics
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 in driving the demand for the geofencing. The other rare and indirect applications of the geo-fencing such as it is virtual perimeter which can be used by the malls or other profit-making organization to attract the customers who are present within their geo fencing boundaries by sending them notifications on their mobile devices. This is one of the emerging parameter driving the demand for geo-fencing in the different industry verticals. On the other hand, higher deployment cost and lack of knowledge are one of the restraining factors for the geo-fencing market.
Global Geo fencing Market: Market Segmentation
Global Geofencing Market can be divided into three segments, based on Component and end users of the Geofencing.
Segmentation on the basis of the Component of Geo fencing market:
The major segments in the Geofencing market based on the components of the Geofencing for the variable use. This segmentation includes the segmentation by Software and services. This segmentation is performed as per the component types offered such as software and services. The software is offered by the manufactures to end users for deployment of geo-fencing and services are offered to maintain the workflow and remove the problems in execution.
Segmentation on the basis of the type for Geofencing market:
The major segments of the Geofencing market on the basis of the type is performed as Mobile geo-fencing and fixed geofencing. The mobile geofencing can be modified as per the end user requirements and fixed geo-fencing are permanent.
Segmentation on the basis of the end user for a Geofencing market:
The major segments of the Geofencing market on the basis of the end user is performed by considering the industry verticals which are deploying the Geofencing for carrying out their industry-specific operations. The segmentation includes the Defence and Aerospace, Transportation, healthcare, retail, manufacturing, banking, and others. The type of geofencing is selected based on the industry-specific requirement of the Geofencing.
Global Geofencing Competitive Landscape
Companies such as Apple, Bluedot Innovation, DreamOrbit, Embitel, Esri, Factual, GeoMoby, GPSWOX, InVisage, Localytics, LocationSmart, MAPCITE, Maven Systems, Mobinius Technologies, MobiOcean, Nisos Technologies, and Visioglobe (France) have adopted various growth strategies, including partnerships, agreements, and collaborations, to enhance their presence in the geofencing market. The key vendors are constantly focused on developing new displays and enhancements in their application to improvise the industrial usage.
Global Geofencing Market: Regional outlook
The global Geofencing market is divided into seven regions as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. Among the given regions, North America region leading the global market for Geofencing due to the dense presence of end users from commercial, manufacturing, and others using Geofencing. The growth of the Geofencing market in Western Europe, Eastern Europe follows the North America market due to the adaptation of the Geofencing technologies in different industry verticals such as healthcare. The developing regions such as APEJ and Japan are predicted to grow at the highest CAGR owing to the increased investments from governments in the improvising the defense sector and other manufacturing industry. The geofencing market in MEA region is expected to grow at moderate CAGR.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
90 Sate Street, Suite 700
Albany, NY 12207
This release was published on openPR.
Permanent link to this press release:
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: Technology and Market Dynamics here
News-ID: 1687567 • Views: 396
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is
More Releases for Geo
Introducing Geo-Blocking & 30% OFF SAM Broadcaster Cloud
We are pleased to announce the long-awaited geo-blocking within SAM Broadcaster Cloud. We have also created a complete guide which delves into the benefits of audience targeting and how it applies to radio: https://spacial.com/audience-targeting-in-radio/ Manage Who's Listening with Geo-Blocking Geo-blocking enables you to limit your listening audience by their location. Controlling who tunes into your station helps you to enhance the overall listening experience by tailoring your content to be more relevant
Deadline on September 7th upcoming in Lawsuit for Investors in The GEO Group, In …
A deadline is coming up on September 7, 2020 in the lawsuit filed for certain investors of The GEO Group, Inc. (NYSE: GEO) over alleged securities laws violations by The GEO Group, Inc. (NYSE: GEO). Investors who purchased shares of The GEO Group, Inc. (NYSE: GEO) have certain options and there are strict and short deadlines running. Deadline: September 7, 2020. NYSE: GEO stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
IP Geo-Location Service Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the IP Geo-Location Service market analysis, which studies the IP Geo-Location Service's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “IP Geo-Location Service Market 2020-2025” Research Report categorizes the global IP Geo-Location Service market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Global Sodium Aluminate Market 2017 - Kemira, GEO, Usalco, Dequachim
Apex Research, recently published a detailed market research study focused on the "Sodium Aluminate Market" across the global, regional and country level. The report provides 360° analysis of "Sodium Aluminate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Sodium Aluminate industry, and estimates the future trend of Sodium Aluminate market on
Total Station Market 2017- Trimble, Geo-Allen, geo-Fennel, Hilti, Kara Company
Apex Research, recently published a detailed market research study focused on the "Total Station Market" across the global, regional and country level. The report provides 360° analysis of "Total Station Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Total Station industry, and estimates the future trend of Total Station market on
Unblock Geo-Restricted Content, Apps, Games & Ports Worldwide with NAVIA
NAVIA is live on INDIEGOGO to redefine “Cyber Security & Online Gaming Experience” Ireland, Dublin, January 30, 2017 – Digital Equipment Communications Ltd (DEC) and ZenMate combined their joint efforts to develop Cyber-Security device; protects and secures gaming consoles and smart-devices, without any software installation or technical training. “With NAVIA, No Sneaking, No Peeking, No Leaking – Only Secure Browsing!” KEY PROBLEMS: Insecure Cloud Storage; Geo-graphical Fences, Regional Restriction on Gaming