Market Research Report

Global Geofencing Market Report By Service (Deployment And Integration, Support And Maintenance, Consulting And Advisory, And API Management And Testing), Product (Fixed Geofencing And Mobile Geofencing), Application (BFSI, Healthcare, Retail And Hospitality, Industrial Manufacturing, Media & Entertainment, Transportation And Logistics, Government And Defense, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11210273
April 2021
Report Formats: Electronic (PDF), MS EXCEL

Rising adoption of wireless technologies such as GPS and location-based services is one of the factors driving the market growth. Gaining popularity of smart phones, tablets, and other mobile devices is also contributing the market growth. Geofencing offers real-time tracking and navigation of the predefined location, has expanded its application across various end-use industries. Moreover, the use of geofencing to enhance regional sales, provide personalization to customers and increase analytics & tools for metric analysis has generated its demand for mobile marketing. 

The latest report by Value Market Research expects the Global Geofencing Market to reach USD 2,748.3 million by 2025. It was valued USD 683.2 million in 2018. The report foresees a 22% CAGR from 2019 to 2025.
 
API MANAGEMENT AND TESTING DOMINATED THE SEGMENT
In 2018, API Management and Testing emerged as the leading segment by accounting major market share. API offers application access management, device data communication, and security services are driving the segment growth. In addition to this, it provides both automated and manual mobile application testing to the commercial customers, for testing native and hybrid mobile applications, is another factor pushing the segment growth.
 
FIXED GEOFENCING ACCOUNTED FOR MAJOR MARKET SHARE
By product, fixed geofencing led the segment and has grabbed the market share in 2018. Expanding application areas of static geofencing such as an advertisement, asset management, recreational services, and others are driving the segment growth.
 
TRANSPORTATION AND LOGISTICS EMERGED AS THE LEADING APPLICATION
On the basis of application, the transportation and logistics dominated the segment in 2018. Growing adoption of geofencing for managing a large-scale fleet across various geographies is driving the segment growth. In transportation and logistics, geofencing is rapidly adopted owing to excellent real-time coordination, higher security, and better planning of carrier movement and deliveries is again pushing the market growth.
 
NORTH AMERICA DOMINATED THE REGIONAL MARKET
Geographically, North America led the market in 2018. Excellent technological infrastructure with the growing adoption of smart phones, tablets and other smart mobile devices are driving the regional market growth. Increase in spending over R&D activities leading to the development of new location-based technologies is further propelling the market growth in North America.
 
PROMINENT PLAYERS OF THE MARKET
The geofencing market is booming due to the presence of players like Apple, ESRI, Geomoby, Simpli.Fi, Thumbvista, and many others.

As per this study, the Global Geofencing Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
 
Geofencing can be referred to the virtual fencing that is created around the desired boundary locations of a land. Geofencing primarily composed of the software programs which are executed via using the gathering data from the GPS (Global Positioning Systems) or the RFID (Radio Frequency Identification). This data includes the location details as per the geographic parameters of the person’s mobile.
 
Market Dynamics
 
The rising demand for location-based services (LBS) along with the rising penetration of mobile devices is expected to facilitate the growth of the geofencing market over the forecasted timeline. Rising demand for LBS for real-time, location-based navigation and tracking and for gathering market intelligence is again expected to fuel the market growth. Growing awareness about the benefits of location-based monitoring and management of mobile resources for increasing process and workforce productivity across the organization will definitely stimulate the market growth. Further, rising adoption of the technology across the transport and logistics sector coupled with the increasing demand from the retail industry for proximity-based promotion and marketing will also augment the geofencing market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of geofencing.
 
Market Segmentation
 
The broad geofencing market has been sub-grouped into service, product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Service
  • Deployment And Integration
  • Support And Maintenance
  • Consulting And Advisory
  • API Management And Testing
 
 
By Product
  • Fixed Geofencing
  • Mobile Geofencing
 
 
By Application
  • BFSI
  • Healthcare
  • Retail and Hospitality
  • Industrial Manufacturing
  • Media & Entertainment
  • Transportation and Logistics
  • Government and Defense
  • Others (IT and Telecom, Human Resources, Audience engagement, Telematics, etc.)
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for geofencing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Geofencing Market Share by Region (Representative Graph)
 
Global Geofencing Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the geofencing market include Apple, ESRI, Geomoby, Simpli.Fi, Thumbvista, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
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1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . GEOFENCING – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Service
           3.7.2 Market Attractiveness Analysis By Product
           3.7.3 Market Attractiveness Analysis By Application
           3.7.4 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL GEOFENCING MARKET ANALYSIS BY SERVICE
       6.1 Overview by Service
       6.2 Historical and Forecast Data
       6.3 Analysis by Service
       6.4 Deployment And Integration Historic and Forecast Sales by Regions
       6.5 Support And Maintenance Historic and Forecast Sales by Regions
       6.6 Consulting And Advisory Historic and Forecast Sales by Regions
       6.7 API Management And Testing Historic and Forecast Sales by Regions
 
7 . GLOBAL GEOFENCING MARKET ANALYSIS BY PRODUCT
       7.1 Overview by Product
       7.2 Historical and Forecast Data
       7.3 Analysis by Product
       7.4 Fixed Geofencing Historic and Forecast Sales by Regions
       7.5 Mobile Geofencing Historic and Forecast Sales by Regions
 
8 . GLOBAL GEOFENCING MARKET SALES ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 BFSI Historic and Forecast Sales by Regions
       8.5 Healthcare Historic and Forecast Sales by Regions
       8.6 Retail and Hospitality Historic and Forecast Sales by Regions
       8.7 Industrial Manufacturing Historic and Forecast Sales by Regions
       8.8 Media & Entertainment Historic and Forecast Sales by Regions
       8.9 Transportation and Logistics Historic and Forecast Sales by Regions
       8.10. Government and Defense Historic and Forecast Sales by Regions
       8.11 Others (IT and Telecom, Human Resources, Audience engagement, Telematics, etc.) Historic and Forecast Sales by Regions
 
9 . GLOBAL GEOFENCING MARKET SALES ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook Sales Analysis
       9.2. Introduction Sales Analysis
       9.3. North America Sales Analysis
           9.3.1. Overview, Historic and Forecast Sales Analysis
           9.3.2. North America By Segment Sales Analysis
           9.3.3. North America By Country Sales Analysis
           9.3.4. United State Sales Analysis
           9.3.5. Canada Sales Analysis
           9.3.6. Mexico Sales Analysis
       9.4. Europe Sales Analysis
           9.4.1. Overview, Historic and Forecast Sales Analysis
           9.4.2. Europe by Segment Sales Analysis
           9.4.3. Europe by Country Sales Analysis
           9.4.4. United Kingdom Sales Analysis
           9.4.5. France Sales Analysis
           9.4.6. Germany Sales Analysis
           9.4.7. Italy Sales Analysis
           9.4.8. Russia Sales Analysis
           9.4.9. Rest Of Europe Sales Analysis
       9.5. Asia Pacific Sales Analysis
           9.5.1. Overview, Historic and Forecast Sales Analysis
           9.5.2. Asia Pacific by Segment Sales Analysis
           9.5.3. Asia Pacific by Country Sales Analysis
           9.5.4. China Sales Analysis
           9.5.5. India Sales Analysis
           9.5.6. Japan Sales Analysis
           9.5.7. South Korea Sales Analysis
           9.5.8. Australia Sales Analysis
           9.5.9. Rest Of Asia Pacific Sales Analysis
       9.6. Latin America Sales Analysis
           9.6.1. Overview, Historic and Forecast Sales Analysis
           9.6.2. Latin America by Segment Sales Analysis
           9.6.3. Latin America by Country Sales Analysis
           9.6.4. Brazil Sales Analysis
           9.6.5. Argentina Sales Analysis
           9.6.6. Peru Sales Analysis
           9.6.7. Chile Sales Analysis
           9.6.8. Rest of Latin America Sales Analysis
       9.7. Middle East & Africa Sales Analysis
           9.7.1. Overview, Historic and Forecast Sales Analysis
           9.7.2. Middle East & Africa by Segment Sales Analysis
           9.7.3. Middle East & Africa by Country Sales Analysis
           9.7.4. Saudi Arabia Sales Analysis
           9.7.5. UAE Sales Analysis
           9.7.6. Israel Sales Analysis
           9.7.7. South Africa Sales Analysis
           9.7.8. Rest Of Middle East And Africa Sales Analysis
 
10 . COMPETITIVE LANDSCAPE OF THE GEOFENCING COMPANIES
       10.1. Geofencing Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF GEOFENCING INDUSTRY
       11.1. Top 10  Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Apple 
           11.3.1. Company Overview
           11.3.2. Company Revenue
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. ESRI 
           11.4.1. Company Overview
           11.4.2. Company Revenue
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. Geomoby 
           11.5.1. Company Overview
           11.5.2. Company Revenue
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Simpli.Fi 
           11.6.1. Company Overview
           11.6.2. Company Revenue
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Thumbvista
           11.7.1. Company Overview
           11.7.2. Company Revenue
           11.7.3. Products
           11.7.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Service (USD MN)
  •  Deployment And Integration Market Sales by Geography (USD MN)
  •  Support And Maintenance Market Sales by Geography (USD MN)
  •  Consulting And Advisory Market Sales by Geography (USD MN)
  •  API Management And Testing Market Sales by Geography (USD MN)
  •  Analysis Market by Product (USD MN)
  •  Fixed Geofencing Market Sales by Geography (USD MN)
  •  Mobile Geofencing Market Sales by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  BFSI Market Sales by Geography (USD MN)
  •  Healthcare Market Sales by Geography (USD MN)
  •  Retail and Hospitality Market Sales by Geography (USD MN)
  •  Industrial Manufacturing Market Sales by Geography (USD MN)
  •  Media & Entertainment Market Sales by Geography (USD MN)
  •  Transportation and Logistics Market Sales by Geography (USD MN)
  •  Government and Defense Market Sales by Geography (USD MN)
  •  Others (IT and Telecom, Human Resources, Audience engagement, Telematics, etc.) Market Sales by Geography (USD MN)
  •  Global Geofencing Market Sales by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Geofencing Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Geofencing Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Service
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Service (USD MN)
  •  Deployment And Integration Market Sales by Geography (USD MN)
  •  Support And Maintenance Market Sales by Geography (USD MN)
  •  Consulting And Advisory Market Sales by Geography (USD MN)
  •  API Management And Testing Market Sales by Geography (USD MN)
  •  Global Market Analysis by Product (USD MN)
  •  Fixed Geofencing Market Sales by Geography (USD MN)
  •  Mobile Geofencing Market Sales by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  BFSI Market Sales by Geography (USD MN)
  •  Healthcare Market Sales by Geography (USD MN)
  •  Retail and Hospitality Market Sales by Geography (USD MN)
  •  Industrial Manufacturing Market Sales by Geography (USD MN)
  •  Media & Entertainment Market Sales by Geography (USD MN)
  •  Transportation and Logistics Market Sales by Geography (USD MN)
  •  Government and Defense Market Sales by Geography (USD MN)
  •  Others (IT and Telecom, Human Resources, Audience engagement, Telematics, etc.) Market Sales by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Top 10  Company Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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