Geofencing Market Analytical Overview, Comprehensive Analysis and SegmentationPosted by Ehtesham Peerzade on September 11th, 2019 Market Highlights The lucrative nature of geofencing market can be estimated from this fact that almost tech giants like, Apple, Google, Bludot are competing with each other to invest in geofencing. Market Research Future (MRFR) has published and released a research report about the global geofencing market that envisions massive enlargement for this market with 27% CAGR during the forecast period between 2017 and 2023. In terms of cash, the market is expected to be worth US $ 2,387 mn by the end of the forecast period. The key drivers of the global geofencing market include ease of integration and deployment of geofencing solutions, increasing demand for geofencing solutions across various industry verticals, increasing demand for location-based applications among consumers, and rise in the use of spatial data & analytical tools. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4490 Major Key players
Segmentation: The global geofencing market has been segmented on the basis of organization size, solution, services, type, vertical, and lastly, region. On the basis of organization size, this market has been segmented into small & medium enterprises (SMEs) and large enterprises. The service-based segmentation segments the market into application programming interface (API) management & testing services, consulting & advisory services, deployment & integration services, and support & integration services. By type, the market has been segmented into fixed geofencing and mobile geofencing. Based on the vertical, the market has been segmented into Banking, Financial Services and Insurance (BFSI), government, healthcare, manufacturing, media & entertainment, retail, transportation, and others. Out of all these segments, transportation sub-segment is expected to hold the largest market during the forecast period. Government sub-segment is expected to hold the second largest market share during the forecast period. According to the report, Government vertical applications of geofencing solutions include law enforcement, military vehicle management, and others. The report also expects BFSI sub-segment to witness significant growth rate. The regional segmentation of the global geofencing market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW). North America is the largest market among all regional markets. The growth in this region is dominated by the United States of America (USA) and Canada, with Mexico being a significant revenue generator. The primary factors driving the market growth in this region include the increasing demand for analytical tools & spatial data in this region. Other factors include a well-established infrastructure which allows implementation of advanced technologies, increasing popularity, and rise in the adoption of business intelligence. Regional Analysis: Europe is the second largest regional market because, after North America, Europe is the most technologically advanced region. The most important country-specific markets in Europe are France, Germany, Italy, and the United Kingdom (UK). The Asia Pacific is the third largest regional market, and during the forecast period, it can expect a bright future due to the growth of various smart cities in countries like China and India. Other important country-specific markets in this region are Japan and South Korea, followed by the rest of the Asia Pacific region. Browse Complete Report @ https://www.marketresearchfuture.com/reports/geofencing-market-4490 Table Of Contents TABLE 1 GEOFENCING MARKET, BY COMPONENT TABLE 2 GEOFENCING MARKET, BY GEOFENCING TYPE TABLE 3 GEOFENCING MARKET, BY ORGANIZATION SIZE TABLE 4 GEOFENCING MARKET, BY VERTICAL TABLE 5 GEOFENCING MARKET, BY REGIONS TABLE 6 NORTH AMERICA GEOFENCING MARKET, BY COMPONENT TABLE 7 NORTH AMERICA GEOFENCING MARKET, BY GEOFENCING TYPE TABLE 8 NORTH AMERICA GEOFENCING MARKET, BY ORGANIZATION SIZE TABLE 9 NORTH AMERICA GEOFENCING MARKET, BY VERTICAL TABLE 10 U.S. GEOFENCING MARKET, BY COMPONENT About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Market Research Future +1 646 845 9312 Like it? Share it! More by this author |