Geofencing Market | New Technologies Transforming the Global Business | Growth Dynamics by Key Playeres Like Apple, Google, Esri, Urban Airship, Bluedot, Embitel Technologies, Localytics

Geofencing market growth will be driven by advanced mobility trends have led to a massive rise in the use of mobile devices like tablets & smartphones. Mobile devices are being used extensively across the globe owing to their role as a consolidated platform for an ever-growing range of services and apps.
Additionally, many mobile devices in recent times include GPS-based services as default features. These trends in mobility are presenting marketers with tremendous opportunities enhancing communication with their existing and potential target audience through real-time message delivery.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/222
As emerging technologies like Augmented Reality and beacon technologies gain widespread acceptance, geofencing solutions are being extensively incorporated in such systems to augment the reach of proximity marketing campaigns. Furthermore, these technologies are also being implemented for the enhancement of gaming experiences through the integration of location-based facilities in mobile-app based games.

Efforts to further modernize the performance and capacity of current GPS infrastructure is also expected to foster geofencing market expansion over the forecast spell.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Apple
2. Google
3. Esri
4. Urban Airship
5. Bluedot
6. Embitel Technologies
7. Localytics

The mobile geofencing market is expected to amass considerable gains over the predicted timeline, owing to its ability to establish varying parameters in response to situations determine by myriad data stream combinations.

Of these, the product component segment accounted for nearly 80% of the overall geofencing market share in 2016, given its widespread application in business from the retail, logistics and automotive sectors. Considering the product spectrum, the promotion and advertising geofencing solutions are poised to register a significant growth trajectory over 2017-2024, with business becoming more aware of the benefits gained through incorporation of technology to create better location-based marketing campaigns and in turn improve the ROI from promotions and marketing.

The service component segment on the other hand, will display tremendous growth over the projected time spell as a result of burgeoning demand for focused efforts towards the operation, maintenance and management of geofencing infrastructure from the customer's end. In the services spectrum, the managed services sector is likely to depict a sizeable CAGR of over 35% through 2024. Additionally, geofencing market expansion may be ascribed to the growing acceptance for cloud computing for geofencing applications.

In 2016, the transportation and logistics accounted for a major chunk of the overall geofencing industry share, attributed to the exceptional application potential of geofencing systems in the seamless management of large automobile fleets in multiple geographic locations. Geofencing systems offer myriad benefits like enhanced accuracy, greater efficiency in operations and supply chain management, which gives logistics providers the tools to support last-mile delivery services.

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

Given the increasing adoption of geofencing systems by retailers to improve their location-based proximity marketing operations, the geofencing market from the retail sector is likely to exhibit the highest growth during the estimated timeline. Since the technology enables them to monitor their competition and implement successful marketing strategies in response, retailers are leveraging event-specific geofences for the retention of existing customers as well as acquisition of new audiences.

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

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.

This release was published on openPR.