February 9, 2021 11:13 am

Geofencing Market 2027 | Analysis, Trends, Growth, Top Key Players are Apple, Thumbvista, ESRI, Geomoby, Pulsate, Mobinius Technologies, Bluedot Innovation, Simpli.Fi

Geofencing is a location-based applications which use technologies of global positioning system (GPS) and radio frequency identification (RFID) to create virtual geographic boundaries. Geofencing tools and apps are used to monitor a physical entity which when enter or leave already established geo-fenced area and send alerts to administrators about the alteration in the status of particular entity. The increasing adoption of location based applications by the consumers and growth in the adoption of spatial data and analytical tools with the advancement in technology will drive the geofencing market in the forecast period.

The report aims to provide an overview of global geofencing market with detailed market segmentation by connectivity, type, enterprise size, application, and geography. The global geofencing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

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Some of the key players influencing the market are Apple, Thumbvista, ESRI, Geomoby, Pulsate, Mobinius Technologies, Bluedot Innovation, Simpli.Fi, Gpswox, and Swirl Networks among others.

The factor that can act as a restraint in the growth of the market is the high costs related with implementation may hamper the geofencing market. However, the increasing awareness concerning safety and security among customers and easiness in integrating and deployment of geofencing solutions will create new opportunities in the market of geofencing in the forecast period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global geofencing market based on connectivity, type, enterprise size, and application. It also provides market size and forecast till 2027 for overall geofencing market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.

Also, key geofencing market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years

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Prashant Tambe

An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.

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