openPR Logo
Press release

Geofencing Market - Global Industry Analysis, Share, Growth, Trends and Forecast 2021-2027

03-16-2021 01:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The Global Geofencing Market size is expected to grow at an annual average of 20.3% during 2021-2027. Geofencing is a virtual fencing created around a desired boundary location on the land. Geofencing consists primarily of software programs that run using data collected from Global Positioning Systems (GPS) or Radio Frequency Identification (RFID). Data includes location details based on geographic parameters of personal equipment.

(Get 15% Discount on Buying this Report)

A full report of Global Geofencing Market is available at: https://www.orionmarketreports.com/geofencing-market-market/45523/

The following Segmentation are covered in this report:
By Component
Solution
Services

By Service:
Deployment and integration services
Support and maintenance services
Consulting and advisory services
API management and testing services

By Geofencing Type:
Fixed geofencing
Mobile geofencing

By Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large enterprises

By Vertical:
Transportation and logistics
Retail
Healthcare and life sciences
Industrial manufacturing
Media and entertainment
Government and defense
Banking, Financial Services, and Insurance (BFSI)
Others

The report covers the following objectives:
Proliferation and maturation of trade in the global Geofencing Market.
The market share of the global Geofencing Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the global Geofencing Market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Geofencing Market.

Scope of the Report
The research study analyses the global Geofencing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
Market Overview and growth analysis
Import and Export Overview
Volume Analysis
Current Market Trends and Future Outlook
Market Opportunistic and Attractive Investment Segment

Geographic Coverage
North America Market Size and/or Volume
Latin America Market Size and/or Volume
Europe Market Size and/or Volume
Asia-Pacific Market Size and/or Volume
Rest of the world Market Size and/or Volume

Key Questions Answered by Geofencing Market Report
What was the Geofencing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Geofencing Market during the forecast period (2021-2027)?
Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer/vendor/players in the Geofencing Market was the market leader in 2020?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr.Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:
Orion Market Reports (OMR) endeavours to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Market - Global Industry Analysis, Share, Growth, Trends and Forecast 2021-2027 here

News-ID: 2257051 • Views:

More Releases from Orion Market Reports

Module Power Supply Market to see Huge Growth by 2031
Module Power Supply Market to see Huge Growth by 2031
The Module Power Supply Market is experiencing substantial growth, fueled by increasing demand for efficient, compact, and reliable power solutions across a wide range of industries. These power supplies, which convert electrical power to a suitable form for specific applications, are essential in sectors like telecommunications, automotive, medical devices, and consumer electronics. With technological advancements and rising energy efficiency needs, the market is expected to continue expanding, driven by innovations
Plasma Spray Guns Market to see Rapid Growth by 2031
Plasma Spray Guns Market to see Rapid Growth by 2031
The Plasma Spray Guns Market is witnessing significant growth, driven by the rising demand for surface coating and thermal spray applications across industries such as aerospace, automotive, manufacturing, and electronics. Plasma spray guns are widely used for depositing coatings on substrates to enhance their properties, including wear resistance, corrosion resistance, and thermal protection. As industries continue to focus on improving product performance and durability, the plasma spray gun market is
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
The Plasma Surface Treatment Machine Market is witnessing significant growth as industries increasingly adopt plasma surface treatment technology for enhancing the properties of materials. Plasma surface treatment machines are used to modify the surface characteristics of materials like metals, plastics, and ceramics, offering improvements in adhesion, corrosion resistance, and wear resistance. As the demand for advanced surface treatments rises across automotive, electronics, packaging, and manufacturing sectors, the market for plasma
Plasma Torch Market Value Projected to Expand by 2031
Plasma Torch Market Value Projected to Expand by 2031
The Plasma Torch Market is experiencing rapid growth, driven by the increasing demand for high-precision cutting and welding technologies in industries such as manufacturing, automotive, aerospace, and construction. Plasma torches are essential tools in thermal cutting applications, offering fast and accurate cuts on various materials, including metals, plastics, and composites. With advancements in plasma cutting technology and the growing need for energy-efficient solutions, the market for plasma torches continues to

All 5 Releases


More Releases for Geofencing

Emerging Trends to Reshape the Geofencing Market: Increasing Focus On Enhancing …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Geofencing Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The scale of the geofencing market has expanded dramatically in the past few years. The progress from $2.73 billion in 2024 to $3.41 billion in 2025 represents a compound annual growth rate (CAGR) of 24.7%. Various
Mobile Device Penetration Driving The Geofencing Market Growth: Key Factor Drivi …
The Geofencing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Geofencing Market Size During the Forecast Period? In recent years, the size of the geofencing market has witnessed exponential growth. The market is estimated to expand from $2.73 billion in 2024 to
Internet Of Things (IoT) Contribution To Geofencing Software Market Momentum: An …
The Geofencing Software Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Projected Growth of the Geofencing Software Market? The market scale for geofencing software has witnessed rapid expansion lately. The market value is predicted to surge from $49.63 billion in 2024 to $55.54
Internet Of Things (IoT) Contribution To Geofencing Software Market Momentum Dri …
What industry-specific factors are fueling the growth of the geofencing software market? The geofencing software market is projected to expand due to the escalating demand for the Internet of Things (IoT). IoT, which refers to a network of interconnected physical objects equipped with sensors, software and other technology to collect and share data via the internet, is seeing heightened demand. This is attributed to a number of factors such as the
Key Influencer in the Geofencing Market 2025: Mobile Device Penetration Driving …
What combination of drivers is leading to accelerated growth in the geofencing market? Expected advancements in the geofencing market are being powered by the rising prevalence of mobile devices. These wireless, portable electronic tools, primarily utilized for communication and data transmission, are increasingly popular due to ongoing growth in e-commerce, usage of social media and messaging apps, and cost-effective data packages. Geofencing employs mobile device GPS technology to develop location-aware apps
Major Market Shift in Geofencing Industry: Increasing Focus On Enhancing Cyberse …
"What Is the Forecasted Market Size and Growth Rate for the Geofencing Market? The geofencing market will grow from $2.73 billion in 2024 to $3.41 billion in 2025, at a CAGR of 24.7%. The rise in location-aware marketing, the growing adoption of IoT devices, and the increased use of smartphones and mobile apps are key growth drivers. The geofencing market is set for rapid expansion, growing to $8.14 billion by 2029 at