Future growth of Geomarketing Market with Key Players Google, Microsoft, IBM, Cisco, Oracle , Adobe, Salesforce, ESRI and Others.

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The Geomarketing Market is expected to grow from US$ 7.3 Billion in 2018 to US$ 23.7 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.4%. Download Here Free Sample Research Copy of Geomarketing Market spread across 168 pages, profiling 26 companies and supported with tables and figures is now available @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=2090587 .

The Geomarketing market has been segmented by technology, components (software and services), location, deployment mode, vertical, and regions. The geomarketing market faces various obstacles, such as legal concerns and privacy threats. The businesses should properly check all legal and privacy-related concerns before using location data gathered by location intelligence tools.

“The outdoor segment to hold the highest growth rate during the forecast period”
Among location type, the outdoor segment is expected to grow at a higher CAGR during the forecast period, due to the increasing use of geofenced areas and virtual perimeters outside the store to attract customers. Businesses can send push notification to the target audience and provide notification about their offerings. It is an effective way as stores can attract multiple people to their businesses just by creating a virtual perimeter or a fence around the geographical area of interest or a target location or locality.

“The cloud deployment mode to have the highest CAGR during the forecast period”
This deployment model is preferred for its features, such as better and enhanced security, lower setup costs, easy accessibility, quicker deployment, high scalability, customizability, more storage space, ease of maintenance, automatic upgrade of course materials, and automatic licensing by vendors. The adoption of cloud-deployed geomarketing solutions for training and development processes is growing rapidly, as organizations are focusing on planning cost-effective training programs through the adoption of cloud technology.

“Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period”
North America is estimated to hold the highest market share in 2018, while APAC is the fastest-growing region in terms of CAGR. The APAC countries are taking aggressive initiatives to upsurge their IT infrastructures, enabling commercial users to adopt cutting-edge technologies. The APAC region emerges as the fastest growing market for geomarketing solutions, which drives the geomarketing market in this region.

The breakup of primary participants is given below:
• By company: Tier 1 – 48%, Tier 2 – 32%, and Tier 3 – 20%
• By designation: C-level – 54%, Director level – 30%, and Others – 16%
• By region: North America – 38%, Europe – 25 APAC – 22%, and RoW- 15%

Most Popular Companies in the Geomarketing Market include are Google (US), Microsoft (US), IBM (US), Cisco (US), Oracle (US), Adobe (US), Salesforce (US), ESRI (US), Software Ag (Germany), Ericsson (Sweden), Qualcomm (US), Xtremepush (Ireland), Plot Projects (Netherlands), Rover (Canada), Mobile Bridge (Netherlands), Hyper (US), Reveal Mobile (US), Galigeo (Europe), Navigine (US), Clevertap (US), Urban Airship (US), Bluedot Innovation (US), Merkle (US), Foursquare (US), and LocationGuru (India).

Reason to access this report:
• This report segments the geomarketing market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its sub segments across regions.
• It helps stakeholders understand the pulse of the market and provides them with information about key market drivers, restraints, challenges, and opportunities.
• It helps stakeholders better understand their competitors and gain more insights to enhance their positions in the market. The competitive landscape section includes competitors’ ecosystem, new product developments, partnerships, and mergers and acquisitions.

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