Geofencing Market: Recent Industry Developments and Growth Strategies Adopted by Players

ultiple advanced satellites deployed around the globe have bolstered the global network for global positioning system (GPS). Through the use of robust GPS network, penetration of GPS-enabled devices, and by employing RFID technology, a new exercise of creating virtual geographic boundaries has emerged to be identified as geofencing.

Geofencing software are enabling advertisers and marketing professionals target a specific customer base by triggering a response when the user’s mobile device arrives into or departs from a particular geographic area. According to Transparency Market Research’s latest study, the global market for geofencing is poised to expand at a stellar CAGR of 30.0% and generate revenues worth over US$ 2 billion by the end of 2022.

The study has analyzed a range of entities encompassing theexpansion of global geofencing market for the forecast period, 2017-2022.

Obtain Report Details @

https://www.transparencymarketresearch.com/geofencing-market.html

Moderate Penetration in Unlicensed Low Power Technology Networks

Considering the importance of strong networks in enabling the proper function of geofencing solutions, majority of end-users and software developer are focusing on cellular networks for deployment. Cellular networks has established framework, and are supported by regional governments. In the view that these networks are licensed, geofencing operations can be carried out effectively through the robust infrastructure provided by cellular networks.

In 2017, over four-fifth of the revenues procured in the global geofencing market are anticipated to be accounted by the cellular networks.

Transportation & Logistics to Register High End-Use

The report further projects that transportation & logistics will be observed as the largest end-user industry in the global geofencing market. Live tracking of fleet and other freight management operations are being improved by the use of geofencing software. Geofencing of destination zones are enabling logistics companies in getting real-time responses from truckers, which is further bolstering the product delivery mechanism.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33449

Key Focus on Geofencing Software

Developers as well as end-users are primarily expending to buy effective geofencing software apps. By the end of 2022, the global sales of geofencing software applications are expected to bring in over US$ 1.1 billion in revenues. On the other hand, sales of smart sensors are anticipated to procure the lowest share on global revenues. RFID tags will also emerge as a key component being sold in the global geofencing market throughout the forecast period.

Geofencing Market: Companies to Watch

The study has profiled leading developers of geofencing software, products and solutions in the competition analysis on global geofencing market. GeoMoby, Mobinius Technologies Pvt. Ltd., Localytics, Bluedot Innovation, Apple Inc., Swirl Networks, Inc., Simpli.Fi, Thumbvista, and Mapcite are key companies anticipated to remain active in expansion of global geofencing market through 2022.

Several market players are expected to also focus on development of applications on geoconquesting – an emerging advertising & marketing practice where customers are pulled away from the competitors by sending real-time messages to their locations.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.