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Geofencing Market by Component (Solution and Services), Geofencing Type (Fixed and Mobile), Organization Size, Vertical (Transportation & Logistics, Government & Defense, Retail, Healthcare & Life Sciences), and Region - Global Forecast to 2022

Geofencing Market by Component (Solution and Services), Geofencing Type (Fixed and Mobile), Organization Size, Vertical (Transportation & Logistics, Government & Defense, Retail, Healthcare & Life Sciences), and Region - Global Forecast to 2022

“The geofencing market is expected to grow at a Compound Annual Growth Rate (CAGR) of 27.5%, due to the increase in the number of connected devices, emergence of smartphones, and increasing social networking trends.”
The global geofencing market is expected to grow from USD 542.7 million in 2017 to USD 1,825.3 million by 2022, at a CAGR of 27.5%. Technological advancements, rise in the use of spatial data and analytical tools, increasing applications in numerous industry verticals, higher adoption of location-based applications, and rise in Business Intelligence (BI) among businesses are some of the factors contributing to the growth of the global geofencing market. Increase in the use of smartphones, growth in mobile commerce, and availability of low-cost, GPS-enabled smartphones are expected to further drive the geofencing market growth. Technological advancements in cloud computing, Global Navigation Satellite System (GNSS), Global Positioning System (GPS), and wireless technologies support the growth of Location-Based Services (LBS), especially geofencing. Legal and privacy concerns and the rising awareness regarding safety and security among customers are the major factors restricting the growth of the geofencing market.

“The API management and testing services segment is expected to grow at the highest CAGR during the forecast period.”
API management and testing services are being rapidly adopted by developed countries, such as the US and Canada. API management services help organizations in application access management, device data communication and interaction, and security. Additionally, application operation, production support, release and change support, and middleware product support are also carried out by API management services. Furthermore, application testing service providers offer both automated and manual mobile application testing to the commercial customers, for testing both native and hybrid mobile applications.

“The Banking, Financial Services, and Insurance (BFSI) segment is expected to grow at the highest CAGR in the geofencing market during the forecast period.”
In the North American and APAC regions, the BFSI vertical is expected to witness the highest CAGR. Banks and financial institutions are adopting geofencing solutions and services to enhance the customer experience and services. With its ability to provide additional security for fraud prevention and enhance the customer relationship, the geofencing technology can significantly improve the customer satisfaction and business revenue.

“Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period.”
The APAC market is expected to witness significant growth and is projected to be the fastest growing region in the geofencing market. APAC has witnessed the advanced and dynamic adoption of new technologies, and it has always been a lucrative market. The APAC market is expected to be one of the fastest growing markets, as the governments in the APAC countries are continuously investing in the R&D of location-based and geofencing services. The rise in the use of smartphones and the increasing social networking trends have increased the demand for geofencing solutions in the APAC region. Geofencing solutions have helped APAC organizations enhance their business productivity, improve the time-to-market for products and services, increase efficiency, and reduce the overall business costs.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
• By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
• By Region: North America – 57%, Europe – 14%, APAC – 29%

The geofencing market includes various vendors, such as Apple (US), Bluedot Innovation (US), DreamOrbit (India), Embitel (India), Esri (US), Factual (US), GeoMoby (Australia), GPSWOX (US), InVisage (US), Localytics (US), LocationSmart (US), MAPCITE (UK), Maven Systems (India), Mobinius Technologies (India), MobiOcean (India), Nisos Technologies (US), Plot Projects (Netherlands), Pulsate (US), Raveon Technologies (US), Simpli.fi (US), SuccorfishM2M (UK), Swirl Networks (US), Thumbvista (US), Urban Airship (US), and Visioglobe (France).

Research Coverage:
The report includes an in-depth competitive analysis of the key players in the geofencing market along with their company profile, recent developments, and key market strategies. The report segments the geofencing market by component (solution and services), geofencing type, organization size, vertical, and region.

Reasons to Buy the Report:
The geofencing market has been segmented on the basis of components (solution and services), geofencing types, organization size, verticals, and regions.

The report will help market leaders/new entrants in the geofencing market in the following ways:
1. The overall geofencing market revenue stream has been estimated based on the revenues of the vendors offering geofencing services and solutions. It is inclusive of deployment and integration services, support and maintenance services, consulting and advisory services, and API management and testing services. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split into regions.
2. The report will help the stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders understand their competitors and gain more insights to improve their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions related to the geofencing market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MICROQUADRANT RESEARCH METHODOLOGY
      • MICROQUADRANT: WEIGHTAGE CRITERIA
      • QUADRANT DESCRIPTION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE GEOFENCING MARKET
    • GEOFENCING MARKET, BY REGION (2017 VS. 2022)
    • MARKET INVESTMENT SCENARIO
    • GEOFENCING MARKET, TOP 3 SERVICES, 2017–2022
    • GEOFENCING MARKET: MARKET SHARE OF THE TOP 3 VERTICALS AND REGIONS, 2017
    • LIFE CYCLE ANALYSIS, BY REGION, 2017
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INNOVATION SPOTLIGHT
    • GEOFENCING USE CASES
      • ASSET MONITORING SOLUTIONS
      • ASSET MONITORING SOLUTIONS
      • SAFETY AND SECURITY SOLUTIONS
      • CUSTOMER SATISFACTION SOLUTIONS
      • WORKFORCE MANAGEMENT SOLUTIONS
    • GEOFENCING CONNECTIVITY TECHNOLOGIES
      • ACTIVE GEOFENCING
      • PASSIVE GEOFENCING
    • GEOFENCING NOTIFICATION TYPES
      • STATIC GEO-NOTIFICATIONS
      • DYNAMIC GEO-NOTIFICATIONS
      • PEER-TO-PEER GEO-NOTIFICATIONS
    • PLATFORM PROVIDERS
      • ROXIMITY
      • GOOGLE
      • MICROSOFT
      • IBM
      • SAMSUNG
      • GIMBAL
  • GEOFENCING MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table GEOFENCING MARKET SIZE, BY COMPONENT, 2017–2022 (USD MILLION)
    • SOLUTION
      • Table GEOFENCING SOLUTION MARKET SIZE, BY REGION, 2017–2022 (USD MILLION)
    • SERVICES
      • Table GEOFENCING SERVICES MARKET SIZE, BY REGION, 2017–2022 (USD MILLION)
  • GEOFENCING MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
    • DEPLOYMENT AND INTEGRATION SERVICES
      • Table DEPLOYMENT AND INTEGRATION SERVICES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • SUPPORT AND MAINTENANCE SERVICES
      • Table SUPPORT AND MAINTENANCE SERVICES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • CONSULTING AND ADVISORY SERVICES
      • Table CONSULTING AND ADVISORY SERVICES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • API MANAGEMENT AND TESTING SERVICES
      • Table API MANAGEMENT AND TESTING SERVICES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • GEOFENCING MARKET ANALYSIS, BY GEOFENCING TYPE
    • INTRODUCTION
      • Table GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
    • FIXED GEOFENCING
      • Table FIXED GEOFENCING: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • MOBILE GEOFENCING
      • Table MOBILE GEOFENCING: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • GEOFENCING MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • GEOFENCING MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • ASSET MONITORING
      • SPEED LIMITING
      • YARD AND SITE TRANSPORTATION
      • REAL-TIME DISPATCH AND DELIVERY
      • FLEET AND FREIGHT MANAGEMENT
        • Table TRANSPORTATION AND LOGISTICS: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • RETAIL
      • WORKFORCE MANAGEMENT
      • CUSTOMER SATISFACTION
      • USER LOCATION ALERTS
      • LOGISTICS MANAGEMENT
      • COMPETITOR TRACKING
      • ASSET MANAGEMENT
      • PROMOTIONS AND ADVERTISING
        • Table RETAIL: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • PATIENT CARE
      • ASSET MANAGEMENT
      • WORKFORCE MANAGEMENT
        • Table HEALTHCARE AND LIFE SCIENCES: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • INDUSTRIAL MANUFACTURING
      • ASSET MONITORING
      • WORKFORCE MANAGEMENT
        • Table INDUSTRIAL MANUFACTURING: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • SOCIAL MEDIA
      • ADVERTISING AND MARKETING
        • Table MEDIA AND ENTERTAINMENT: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • GOVERNMENT AND DEFENSE
      • MARINE DEFENSE
      • DRONE MANAGEMENT
      • AIRFORCE DEFENSE
      • MILITARY VEHICLE MANAGEMENT
      • LAW ENFORCEMENT
      • GEOGRAPHIC EVENT ALERTS
        • Table GOVERNMENT AND DEFENSE: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • CUSTOMER TRACKING AND FRAUD PREVENTION
      • MARKETING AND PROMOTIONS
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • OTHERS
      • AGRICULTURE
      • EDUCATION
      • CONSTRUCTION AND ENGINEERING
      • ENERGY AND UTILITIES
        • Table OTHERS: GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table GEOFENCING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: GEOFENCING MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • UNITED STATES
        • Table UNITED STATES: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
        • Table UNITED STATES: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
        • Table UNITED STATES: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
        • Table UNITED STATES: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
        • Table UNITED STATES: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
      • CANADA
        • Table CANADA: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
        • Table CANADA: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
        • Table CANADA: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
        • Table CANADA: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
        • Table CANADA: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table EUROPE: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
      • Table EUROPE: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
      • Table EUROPE: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
      • Table EUROPE: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
      • Table EUROPE: GEOFENCING MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: GEOFENCING MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: GEOFENCING MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table LATIN AMERICA: GEOFENCING MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
      • Table LATIN AMERICA: GEOFENCING MARKET SIZE, BY GEOFENCING TYPE, 2015–2022 (USD MILLION)
      • Table LATIN AMERICA: GEOFENCING MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
      • Table LATIN AMERICA: GEOFENCING MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
  • COMPANY PROFILES
    • THUMBVISTA
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • PULSATE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SIMPLI.FI
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MOBINIUS TECHNOLOGIES
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • ESRI
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BLUEDOT INNOVATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • GEOMOBY
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • GPSWOX
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • APPLE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • LOCALYTICS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MAPCITE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • SWIRL NETWORKS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • KEY INNOVATORS
      • DREAMORBIT
  • APPENDIX
    • INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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