PUBLISHER: TechNavio | PRODUCT CODE: 1653030
PUBLISHER: TechNavio | PRODUCT CODE: 1653030
The geofencing market is forecasted to grow by USD 6209.5 million during 2024-2029, accelerating at a CAGR of 27.4% during the forecast period. The report on the geofencing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in location-based marketing, increase in demand for indoor navigation services, and rising need for asset tracking.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 25.3% |
CAGR | 27.4% |
Incremental Value | $6209.5 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's geofencing market is segmented as below:
By Product
By Component
By Geographical Landscape
This study identifies the growing applications of geofencing as one of the prime reasons driving the geofencing market growth during the next few years. Also, increased use of analytics and increased availability of geofencing API will lead to sizable demand in the market.
The report on the geofencing market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geofencing market vendors that include Apple Inc., Bluedot Industries Pty Ltd., Embitel Technologies Pvt. Ltd., Esri Global Inc., Floating Market B.V., Foursquare Labs Inc., GeoMoby Pty. Ltd., GPSWOX LTD., infsoft GmbH, Juniper Networks Inc., Locance Inc., MessageBird BV, Pulsate Mobile Ltd., Radar Labs Inc., Raveon Technologies Corp., Salesforce Inc., Simplifi Holdings Inc., Theoblong Global Ltd, Thumbvista, and Upland Software Inc.. Also, the geofencing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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