Press release
Active Geofencing Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026
The Active Geofencing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Active Geofencing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Active Geofencing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Active Geofencing market.The Active Geofencing Market was valued at USD 734.6 million in 2020 and is expected to reach USD 3039.38 million by 2026 and grow at a CAGR of 26.7% over the forecast period (2021-2026).
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Top Leading Companies of Active Geofencing Market are - Bluedot Innovation Pty Ltd, Gimbal Inc., IBM Corporation, Microsoft Corporation, Radar Labs Inc., Google LLC, Samsung Electronics Co., Verve Inc., Apple Inc., LocationSmart, SZ DJI Technology Co. and others.
Industry News and Updates:
- February 2019 - DJI, the civilian drones and aerial imaging technology provider improved its geofencing technology with the launch of its Geospatial Environment Online (GEO) 2.0 system across Europe. DJI has chosen Altitude Angel as its new partner to deliver accurate, real-time, and relevant geospatial data for airports, TFRs, and other sensitive areas in 32 European countries.
- January 2018 - Bluedot Innovation launched Bluedot Location Marketing on the Salesforce AppExchange. This has empowered businesses to connect with their customers, partners, and employees in entirely new ways. Bluedot Location Marketing offers accurate location services and geofencing, allowing brands to harness the power of location, to build personalized journeys.
Key Market Trends:
Retail Segment to Witness Significant Growth
- Retails are eagerly adopting digitalization in order to gain a more loyal customer base as digitalization allows them to engage their customers more efficiently and remotely. Retailers observe customers footfall as soon as they enter the geofenced area and push them with promotional notifications with this active geofencing solution to extract them.
- Automotive retailers use geofencing to keep watch on the customers taking test drives and if the customers try to exit the specified area for the immediate alert can be achieved so that quick response can be taken to avoid asset losses.
- The rise in smartphone by individuals usage globally is encouraging retails to adopt active geofencing technology as they can track even more footfalls in their geofenced region. It is observed that developing countries have better penetration of smartphone with 82% against 80% in developed countries. Also, smartphone shipments are expected to reach 2.2 billion units globally in the year 2019. Hence, the active geofencing market has growth opportunities in developing countries.
Asia-Pacific Region to Witness Fastest Growth
- The Asia-Pacific region includes major countries like India and China, which are highly growing economies in the world. These countries have a huge presence of SMBs. Also, the government initiative like Digital India has encouraged the deployment of technologies for businesses in these countries.
- Small and medium scale business (SMBs) are adopting beacons and active geofencing technologies to connect their customers in a better way. The cost related to this technology is negligible as many beacon units are available under USD 20. The software platform needed to manage the messaging can also be developed with ease.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Active Geofencing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Active Geofencing Market (%),2016 - 2026
- Active Geofencing Market Share, By Brand
- Active Geofencing Market Share, By Company
- Active Geofencing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Active Geofencing Market Value Analysis & Forecast
- Promising Active Geofencing Development by Major Companies
- Detailed Active Geofencing Portfolio of the Major Companies
- Major Deals in the Active Geofencing Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592139/active-geofencing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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