(Wireless-NewsWire.Com, May 21, 2018 ) Geofencing is a location-based service in which an application uses global positioning system (GPS) and radio frequency identification (RFID) to create virtual geographic boundaries. Geofencing tools and applications are used to monitor a physical entity which when enters or leaves an already established geo-fenced area, sends alerts to administrators about the alteration in the status of particular entity. The increasing adoption of location based applications by the consumers and growth in the adoption of spatial data and analytical tools with the advancement in technology will drive the geofencing market in the forecast period.
The factor that can act as a restraint in the growth of the market is legal and privacy concerns around the implementations of such virtual geographic boundaries and may hamper the geo-fencing market in the recent future. However, the increasing awareness concerning safety and security among customers and easiness in integrating and deployment of geofencing solutions will create new opportunities in the market of geofencing in the forecast period.
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The “Global Geofencing Analytics Market Analysis to 2025” is a specialized and in-depth study of the geofencing industry with a focus on the global market trend. The report aims to provide an overview of global geofencing market with detailed market segmentation by connectivity, type, enterprise size, application, and geography. The global geofencing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global geofencing market based on connectivity, type, enterprise size, and application. It also provides market size and forecast till 2025 for overall geofencing market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Segmentations Covered in the GeofencingMarket:
Overview: Global GeofencingMarket – By Type, By Material, By Region, By Application
Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in GeofencingMarket:
1. Apple
2. Thumbvista
3. ESRI
4. Geomoby
5. Pulsate
6. Mobinius Technologies
7. Bluedot Innovation
8. Simpli.Fi
9. Gpswox
10. Swirl Networks
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