Geofencing Market – Global Industry Analysis and Forecast (2018-2026)
Geofencing Market is expected to reach US$ 1825.3 Mn by 2026 at a CAGR of 27.4% during the forecast period.
The major factors driving the growth of the geofencing market are the increase in the use of spatial data and analytical tools, penetration of new technologies, the growth of competitive intelligence and higher adoption of location-based applications among consumers. Furthermore, the rise in the need to track the competitors’ marketing activities and business intelligence (BI) are some of the other factors supporting the overall growth of the geofencing market. The rise in awareness regarding safety and security among customers, legal, and privacy concerns are some of the restraining factors would hinder the growth of geofencing market.
Geofencing market is segmented by component, type, organization size, vertical and region. While using vertical segment, the transportation and logistics vertical is likely to have the largest market share during the forecast period, as Industry applications of geofencing solutions in the transportation and logistics vertical include speed limiting, asset monitoring, commercial transportation management, and fleet and freight management.
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A component segment is classified into solution and services. The service segment is further classified into deployment and integration services, support and maintenance services, consulting and advisory services, API management, and testing services. Among these, the API management and testing services segment is expected to grow at the highest CAGR during the forecast period, as the segment offers device data communication and interaction, application access management, and security services.
Application testing service providers offer manual and automated mobile application testing to the commercial customers, for testing both native and hybrid mobile applications. The service providers deliver mobile application testing services for user interface testing; core functionality testing; mobile applications testing in wireless disconnectivity, low connectivity, Wi-Fi, and 2G and 3G networks; mobile application backward compatibility testing; and memory and battery leakage testing.
While using region segment, the Geofencing Market is classified into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. Among these, North America is expected to have the larger Geofencing Market share during the forecast period. The region has the presence of well-established and major sustainable economies who invest substantially in Research and Development (R&D) activities, thereby contributing to the development of new location-based technologies. Owing to these technologies, the demand for the Geofencing Market will grow in the future.
Key Players Profiled and Analysed in the Report
Some of the Key Players are Embitel, Esri, Factual Inc., GeoMoby, Gpswox.com, InVisage, MAPCITE, Maven Systems, Mobinius Technologies etc.
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Scope of the Geofencing Market
Geofencing Market by Component:
• Solution
• Services
o Deployment and integration services
o Support and maintenance services
o Consulting and advisory services
o API management and testing services
Geofencing Market by Type:
• Fixed geofencing
• Mobile geofencing
Geofencing Market by Organization Size:
• Small and Medium-sized Enterprises (SMEs)
• Large enterprises
Geofencing Market 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 (agriculture, education, construction and engineering, and energy and utilities)
Geofencing Market by Region:
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
Key Players in the Geofencing Market
• Apple Inc.
• Bluedot Innovation
• DreamOrbit
• Embitel
• Esri
• Factual Inc.
• GeoMoby
• Gpswox.com
• InVisage
• Localytics
• LocationSmart
• MAPCITE
• Maven Systems
• Mobinius Technologies
• MobiOcean Mobility Software Solutions
• Nisos Technologies
• Plot Projects
• Pulsate
• Raveon Technologies
• Simpli.fi
• SuccorfishM2M
• Swirl Networks
• Thumbvista
• Urban Airship
• Visioglobe
MAJOR TOC OF THE REPORT
Chapter One: Geofencing Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Geofencing Market Competition, by Players
Chapter Four: Global Geofencing Market Size by Regions
Chapter Five: North America Geofencing Revenue by Countries
Chapter Six: Europe Geofencing Revenue by Countries
Chapter Seven: Asia-Pacific Geofencing Revenue by Countries
Chapter Eight: South America Geofencing Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Geofencing by Countries
Chapter Ten: Global Geofencing Market Segment by Type
Chapter Eleven: Global Geofencing Market Segment by Application
Chapter Twelve: Global Geofencing Market Size Forecast (2019-2026)
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