Geofencing Market Trends, Share, Industry Size, Growth and Opportunities by 2029.
An
international GEOFENCING market report is a window to the ABC industry which
explains what market definition, classifications, applications, engagements and
market trends are. This market report delivers comprehensive analysis of the
market structure along with estimations of the various segments and
sub-segments of the market. The report also recognizes and analyses the rising
trends along with major drivers, challenges and opportunities in the market.
This market research report gives clear idea about strategic analysis of mergers,
expansions, acquisitions, partnerships, and investment. GEOFENCING report helps
gain an extreme sense of evolving industry movements before competitors.
Nowadays,
businesses get highly benefited with the different segments covered in the
market research report which provides better market insights to them with which
they can drive the business into the right direction. The universal GEOFENCING
market analysis report serves a lot for the business and gives solution for the
toughest business questions. Market drivers and market restraints help
businesses to get idea about the production strategy. The report helps
strengthen organization and make better decisions for driving business on the
right track. With the use of integrated approaches and latest technology for
the best results GEOFENCING report has been generated.
Surge in the
rate of penetration of internet especially in the developing economies, growing
focus on improving organizational performance and operational efficiency and
rising adoption of cloud services by the small and medium scale enterprises are
the major factors attributable to the growth of the geofencing market. Data
Bridge Market Research analyses that the geofencing market will exhibit a CAGR
of 27.40% for the forecast period of 2022-2029.
Therefore, the geofencing
market value would stand tall by USD 12667.46 million by 2029.
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Driver:
Rising deployment by the defense industry for applications such as marine
defense, drone management, air force defense, military vehicle management, law
enforcement, and geographic event alerts will emerge as the major market growth
driving factor. Surging demand for telematics, human resources, and child
location services, growing number of small and medium scale enterprises
especially in the developing economies, rising demand and need for the security
and reliability by the various industry verticals and strengthening IT industry
in developing economies such as India and China will further aggravate the
growth of the market. Rising deployment of cloud services and growth in the
demand from banking, financial services, and insurance (BFSI) are some other
factors bolstering the growth of the market.
However, lack of skilled workforce and technological expertise in
underdeveloped and developing economies will act as a growth restraint for the
market. Also, limitation of radius in low coverage areas and device capacity
and battery drainage issues will yet again hamper the market growth rate. Lack
of strong infrastructural facilities in the backward economies and high costs
related to implementation and maintenance will also derail the market growth
rate.
Some key
players mentioned in the report are:
Thumbvista, Simpli.fi, Esri, GeoMoby, Apple, Inc., Pulsate LTD., MAPCITE,
Swirl Networks, Bluedot, Mobinius, GPSWOX, Char Software, Inc., DreamOrbit,
Embitel., Invisage Creative Services, LocationSmart, Maven Systems Pvt. Ltd.,
MobiOcean., Nisos Technologies and PlotProjects B.V., among others.
Key Insights that Study is going to
provide:
·
The
360-degree Geofencing overview based on a global and regional level
·
Market
Share & Sales Revenue by Key Players & Emerging Regional Players
·
A
separate chapter on Market Entropy to gain insights on Leaders aggressiveness
towards market [Merger & Acquisition / Recent Investment and Key
Developments]
·
May
vary depending upon availability and feasibility of data with respect to
Industry targeted
·
Patent
Analysis** No of patents / Trademark filed in recent years.
·
A
complete and useful guide for new market aspirants
·
Forecast
information will drive strategic, innovative and profitable business plans and
SWOT analysis of players will pave the way for growth opportunities, risk
analysis, investment feasibility and recommendations
·
Various
Geofencing industry leading players are studied with respect to their company
profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
Thumbvista, Simpli.fi, Esri, GeoMoby, Apple, Inc., Pulsate LTD., MAPCITE,
Swirl Networks, Bluedot, Mobinius, GPSWOX, Char Software, Inc., DreamOrbit,
Embitel., Invisage Creative Services, LocationSmart, Maven Systems Pvt. Ltd.,
MobiOcean., Nisos Technologies and PlotProjects B.V., among others.
The
countries covered in the Global
Geofencing Market report are U.S., Canada and Mexico in North America,
Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain,
Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore,
Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
(APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt,
Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and
Africa (MEA), Brazil, Argentina and Rest of South America as part of South
America.
Table of Contents:
Executive
Summary
Market
Landscape
Market
Sizing
Five Forces
Analysis
Market
Segmentation by End-user
Customer
Landscape
Geographic
Landscape
Key leading
countries
Vendor
Landscape
Vendor
Analysis
Appendix
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