Geofencing Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-28
  • share
  • Twitter
  • Facebook
  • LinkedIn

Geofencing Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

This Global Geofencing market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Geofencing Market is set to exceed USD 1.7 billion by 2024. The geofencing market growth is attributed to the popularity of mobility trend leading to extensive proliferation of mobile devices such as smartphones and tablets, along with rising demand for proximity marketing solutions. The utility of mobile devices is widening as they are consolidating their role as central medium to reach an ever-expanding portfolio of applications and services. GPS-based location services are provided as a default feature in most of these mobile devices. Marketers are leveraging such capabilities of these devices to determine the location of their existing and prospective customers to offer real-time marketing messages to them.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/797193/?utm_source=marketsizeforecasters.com=AN

With the growing popularity of AR and beacon technologies, geofencing is being integrated with them to effectively improve proximity marketing campaigns. These technologies are also being leveraged to improve gaming experience of gamers by integrating location-based capabilities with app-based games for mobile devices. Also, modernization efforts to improve the capability and performance of existing GPS infrastructure are also expected to boost the adoption of geofencing solutions over the forecast timeline.

GPS market will witness positive growth over the timeline owing to considerable ongoing advancement in the technology through replacement of the legacy ground-based systems and GPS satellites with newer ones. With large scale adoption of GPS tracking systems for fleet management applications in the logistics industry, the geofencing market is expected to steadily increase between 2017 and 2024.

Mobile Geofencing Market is expected to exhibit promising growth over the forecasted timeline as it can vary the boundaries of the perimeter based on a situation determined by a combination of data streams. Such solutions can automatically define areas based on population density and personalize ads. Hence, message relevancy can be highly enhanced and engagement can be driven to specific business locations.

Cloud-based geofencing solutions will experience significant adoption over the forecasted timeline due to rapidly growing popularity of cloud computing. As cloud-based applications offer enhanced flexibility and scalability to deploy geofencing application, cloud geofencing market will exhibit fastest growth between 2017 and 2024.

North America will hold a majority share in the geofencing market by 2024 due to the presence of robust communication and internet infrastructure in the region. As the U.S. government is heavily investing in the GPS modernization project, the performance of satellite-based communication and location systems in the region is expected to improve significantly over the forecasted timeline. The APAC region will grow the fastest due to increase in the use of location analytics in countries such as India, Japan, China, and ANZ.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/797193/

The key players operating in the geofencing market are PlotProjects, Apple, Thumbvista, Esri, Bluedot innovation, Swirl Networks, Embitel, Simplifi.fi, Mapcite, UpSnap, Google, Gimbal, Placecast, DreamOrbit, GeoMoby, Localytics, Pulsate, Radar Labs, and Urban Airship. These players are focusing on consistent product development and innovation. By enabling better connectivity, increased accuracy and seamless integration, they are emphasizing on extending their solutions to diverse industries such as public sector, hospitality and media and entertainment.

Table of content:

Chapter 1.   Methodology & Scope

Chapter 2.   Executive Summary

Chapter 3.   Geofencing Industry Insights

Chapter 4.   Competitive Landscape

Chapter 5.   Geofencing Market, By Type

Chapter 6.   Geofencing market, By Component

Chapter 7.   Geofencing market, By Technology

Chapter 8.   Geofencing market, By Application

Chapter 9.   Geofencing market, By Deployment Model

Chapter 10.     Geofencing market, By Region

Chapter 11. Company Profiles

More Report At: https://truthtoday24.com/author/[email protected]

Related Report:

United States Geofencing Market Report 2017

In this report, the United States Geofencing market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-geofencing-market-report-2017/?utm_source=RR-AN

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

 



About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More

More News By Ashwin Naphade

Static Random Access Memory (SRAM) Market Comprehensive Study with Key Trends, Major Drivers and Challenges 2019-2024
Static Random Access Memory (SRAM) Market Comprehensive Study with Key Trends, Major Drivers and Challenges 2019-2024
By Ashwin Naphade

Market Study Report, LLC, adds a comprehensive research of the ' Static Random Access Memory (SRAM) market' that mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional prolifera...

LED Billboard Market Global Growth, Opportunities, Industry Analysis & Forecast to 2024
LED Billboard Market Global Growth, Opportunities, Industry Analysis & Forecast to 2024
By Ashwin Naphade

The ' LED Billboard market' research report now available at MarketStudyReport.com delivers a thorough analysis of the industry trends influencing the global business scenario. In addition, the report offers definitive information pertaini...

Cable Conduit Systems Market Outlook, Strategies, Manufacturers, Countries, Type and Application, Global Forecast To 2024
Cable Conduit Systems Market Outlook, Strategies, Manufacturers, Countries, Type and Application, Global Forecast To 2024
By Ashwin Naphade

The research report on ' Cable Conduit Systems market' now available with Market Study Report, LLC, offers a detailed analysis of the factors influencing the global business sphere. This report also provides precise information pertaining ...