The [FURL=https://www.industryarc.com/Report/19450/geo-routing-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Global Geo Routing Market[/FURL] size is forecast to reach $41.5 billion by 2026, growing at a CAGR of 15.2% from 2021 to 2026. Geo routing refers to a routing algorithm that works on geographic coordinate systems, analyzing wireless networks, driving its need for applications including position-based routing, directional routing, and location based routing with many others. Growing shift towards network topology based location surveillance, increasing demand for wireless technologies within industries as well as shift for location based services within varied industry verticals have been attributed to the market growth.Key Takeaways
Geo Routing Software segment is anticipated to witness the fastest market growth during 2021-2026, owing to diverse pricing model availability, mobile & web support data access and others.
APAC Geo Routing market held the largest share in 2020, attributing to factors like government initiatives towards improving network security or surveillance and investments on advanced technologies including cloud, AI and so on.
Rising demand towards location tracking by law enforcement agencies or authorities to solve criminal investigations along with growing shift towards location based surveillance, real-time tracking, location intelligence
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Geo Routing Market Segment Analysis- By Geography
APAC region had dominated the global geo routing market with a share of 34% in 2020, and is analyzed to witness the significant growth during 2021-2026. Factors attributing to its market growth include growing digitalization within industries, government initiatives towards improving network security or surveillance, along with investments on advanced technologies like cloud, IoT, AI and others to drive automation. In addition, growing rate of criminal activities, rising shift towards optimizing supply chain operations, as well as high adoption of location tracking or location surveillance by law enforcement authorities can also help in driving the market growth forward in the region.
Geo Routing Market Drivers
Rising demand towards location tracking by law enforcement agencies or authorities to solve criminal investigations will drive its market forward
Growing shift towards location based surveillance, real-time tracking, location intelligence and others for optimizing logistic operations positively impacts its market growth
Geo Routing Market Landscape
The geo routing top 10 companies include Ubisense, HERE Technologies, Oracle Corporation, Cisco Systems, Inc., Microsoft Corporation, Ascent Cloud, TomTom, GIRO Inc., Spime, Orbital Insight
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