A geo-fence is a virtual perimeter for a real-world geographic area. A geo-fence could be dynamically generated—as in a radius around a point location, or a geo-fence can be a predefined set of boundaries (such as school zones or neighborhood boundaries). The use of a geo-fence is called geofencing, and one example of usage involves a location-aware device of a location-based service (LBS) user entering or exiting a geo-fence. This activity could trigger an alert to the device's user as well as messaging to the geo-fence operator. This info, which could contain the location of the device, could be sent to a mobile telephone or an email account.
This report contains market size and forecasts of Geofencing in Global, including the following market information:
Global Geofencing Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Geofencing market was valued at 770.7 million in 2021 and is projected to reach US$ 2985 million by 2028, at a CAGR of 21.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Fixed Geofencing Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Geofencing include Esri, Apple, Thumbvista, Localytics and Simpli.fi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Geofencing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Geofencing Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Geofencing Market Segment Percentages, by Type, 2021 (%)
Fixed Geofencing
Mobile Geofencing
Global Geofencing Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Geofencing Market Segment Percentages, by Application, 2021 (%)
Healthcare
Retail
Defense and Military
Industrial Manufacturing
Transportation and Logistics
Others
Global Geofencing Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Geofencing Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Geofencing revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Geofencing revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Esri
Apple
Thumbvista
Localytics
Simpli.fi