Geofencing Market Trends, Share, Industry Size, Growth 2021 to 2027

The geofencing market is expected to grow at a CAGR of over 26.8% from 2021 to 2027. Geofencing is a virtual boundary for a real geographic area. Geofencing is a technique that defines a virtual fence around a real geographic area. It combines the perception of the user’s current location with the user’s proximity to the location of interest. A radius of interest is established that can trigger actions on a geographically active phone or other portable electronic device. Geofencing triggers an alert when a device or object enters a specified location set by the administrator. Geofencing allows for location identification using technologies such as GPS, RFID, Wi-Fi, or cellular data. Some geofences are set up to monitor activity in secure areas, allowing administrators to be alerted when someone enters or exits a specific area.

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The following players are covered in this report:

  • Esri
  • Apple
  • Thumbvista
  • Localytics
  • Simpli.fi
  • Localytics
  • Simpli.fi

Geofencing Market is segmented by Type

  • Fixed Geofencing
  • Mobile Geofencing

Geofencing Market is segmented by Application

  • Healthcare
  • Retail
  • Defense and Military
  • Industrial Manufacturing
  • Transportation and Logistics
  • Others       

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Scope of the Report

The research study analyses the global Biosurgery industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Geofencing Market Report

1. What was the Geofencing Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Geofencing Market during the forecast period (2021-2027)?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).

4. Which manufacturer/vendor/players in the Geofencing Market was the market leader in 2018?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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