An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Active Geofencing Market” has been showcased on Report Ocean.
The “Global Active Geofencing Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Active Geofencing Market.
Obtain a comprehensive report on the Active Geofencing Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
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What’s the extent of the Global Active Geofencing Market in terms of size?
Global Active Geofencing Market is valued approximately USD 930.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 24.9% over the forecast period 2022-2029.
What is Active Geofencing?
When a specific device enters or exits a pre-defined virtual boundary in a physical location, which is known as a geofence, an application or piece of software that uses technologies like GPS, PFID, Wi-Fi, or cellular data triggers a pre-programmed action known as geofencing, which is a location-based service used by various end users. The active geofence is used for a variety of purposes, including marketing, user engagement, IoT, real-time location tracking for on-demand services, asset tracking, health, and safety, and many more, in a variety of end-user industries, including BFSI, defence, government, healthcare, and retail. The Active Geofencing market is expanding because of factors such as increasing adoption of BYOD and growing demand from end use industries.
Retailers can deliver targeted messages and offers to customers who are within a predetermined radius of a particular area using active geofencing in order to entice them to enter the store and make a purchase. Additionally, as the retail sector increasingly embraces digitization, active geofencing is becoming more and more in demand. According to world economic forum, the retail industry has increased the adoption of digital technology by 100% in year 2021 which is up from 40% from year 2021. Furthermore, rise in the use of spatial data and analytical tools, and higher adoption of location-based applications among consumer stifles market growth throughout the forecast period of 2022-2029.
Which regions are considered in the Global Active Geofencing Market study?
The key regions considered for the Global Active Geofencing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific, dominated the space in terms of revenue, owing to the dominance of and growing demand for geofencing technology by small and medium-sized businesses.
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Major market players included in this report are:
- Bluedot Innovation Pty Ltd
- Infillion Inc. (GIMBLE)
- IBM Corporation
- Microsoft Corporation
- Radar Labs Inc.
- Google LLC
- Samsung Electronics Co.
- Verve Inc.
- Apple Inc.
- LocationSmart
Recent Developments in the Market:
In February 2022, Under the European Drone Regulation, DJI received the first C1 EU-type drone examination certificate ever issued. This has helped it establish a reputation as a reliable organisation and helped it attract potential clients for its business.
In March 2022, Samsung and Telus successfully launched Canada’s first next-generation Mission Critical Push-to-X (MCPTX) services, which deliver data and information with essential operational capabilities like geofencing and video to keep the public safer.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Organization Size offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Product:
Small & Medium Scale Businesses
Large-scale Businesses
By Type:
BFSI
Defense
Government & Military
Healthcare
Industrial Manufacturing
Retail
Transportation & Logistics
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Active Geofencing market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Active Geofencing market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Active Geofencing market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Active Geofencing market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Active Geofencing market. It encapsulates indispensable insights extracted from the Active Geofencing Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Active Geofencing market, including:
- What can be expected for the Active Geofencing market in the next decade?
- What are the primary drivers of growth in the global Active Geofencing market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Active Geofencing market vary based on the size of the end market?
- What is the breakdown of Active Geofencing by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Active Geofencing market?
Our most recent research report showcases the thriving expansion of the global Active Geofencing Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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