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Geo-fencing Market - Future Estimations and Key Industry Segments till 2023
Geofencing Market Research Report- Global Forecast 2023, 10/20/2020 - Overview:

The lucrative nature of Geo-fencing Market can be estimated from this fact that almost tech giants like, Apple, Google, Bludot are competing with each other to invest in geofencing. Market Research Future (MRFR) has published and released a research report about the global Geo-fencing Market that envisions massive enlargement for this market with 27% CAGR during the forecast period between 2017 and 2023. In terms of cash, the market is expected to be worth US $ 2,387 mn by the end of the forecast period.

Based on the vertical, the market has been segmented into Banking, Financial Services and Insurance (BFSI), government, healthcare, manufacturing, media & entertainment, retail, transportation, and others.

The regional segmentation of the global Geo-fencing Market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW). North America is the largest market among all regional markets. The growth in this region is dominated by the United States of America (USA) and Canada, with Mexico being a significant revenue generator. The primary factors driving the market growth in this region include the increasing demand for analytical tools & spatial data in this region. Other factors include a well-established infrastructure which allows implementation of advanced technologies, increasing popularity, and rise in the adoption of business intelligence.

Europe is the second largest regional market because, after North America, Europe is the most technologically advanced region. The most important country-specific markets in Europe are France, Germany, Italy, and the United Kingdom (UK). The Asia Pacific is the third largest regional market, and during the forecast period, it can expect a bright future due to the growth of various smart cities in countries like China and India. Other important country-specific markets in this region are Japan and South Korea, followed by the rest of the Asia Pacific region.

Key Players:

The key players in the global [FURL=]Geo-fencing Market[/FURL] Apple, INC. (USA), Bluedot Innovation (USA), Esri (USA), Geomoby (Australia), GPSWOX, Ltd. (USA), Localytics (USA), Pulsate (USA), Simpli.Fi Holdings Inc. (USA), Swirl Networks Inc. (USA), and Thumbvista (USA).

There are some companies that have not been profiled in the report, but they can be included as a part of customization, as per the client requirements. Such companies are DreamOrbit (India), Factual (USA), InVisage (USA), LocationSmart (USA), Mapcite (UK), Maven Systems (India), Mobinius Technologies (India), MobiOcean (India), Nisos Technologies (USA), Plot Projects (Netherlands), Raveon Technologies (USA), SuccorfishM2M (UK), Urban Airship (USA), and Visioglobe (France).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


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