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Active Geofencing Market to Reflect Tremendous Growth Potential with A CAGR Of 26.7% by 2022-2028 | Exclusive Report By Market Insights Reports
Active Geofencing Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Active Geofencing market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.The Active Geofencing Market was valued at USD 734.6 million in 2020 and is expected to reach USD 3039.38 million by 2027 and grow at a CAGR of 26.7% over the forecast period (2022-2027).
Top Key Players are covered in this report: 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.,
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Recent Developments:
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.
Key Market Trends:
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.
The regions are further sub-divided into:
North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa
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Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global Active Geofencing market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Active Geofencing market, the years measured, and the study points.
Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.
Manufacture by region: This Global Active Geofencing Market report offers data on imports and exports, sales, production and key companies in all studied regional markets
Customization services available with the report:
20% free customization.
Five Countries can be added as per your choice.
Five Companies can add as per your choice.
Free customization up to 40 hours.
post-sales support for 1 year from the date of delivery.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
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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