LONDON--(BUSINESS WIRE)--Technavio has been monitoring the geofencing market and it is poised to grow by USD 1.48 bn during 2019-2023, progressing at a CAGR of about 26% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apple Inc., Esri, Localytics, Simpli.fi, and Thumbvista, are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increase in location-based marketing has been instrumental in driving the growth of the market.
Geofencing Market 2019-2023 : Segmentation
Geofencing market is segmented as below:
-
Product
- Fixed
- Mobile
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Geofencing Market 2019-2023 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our geofencing market report covers the following areas:
- Geofencing Market Size
- Geofencing Market Trends
- Geofencing Market Industry Analysis
This study identifies increased use of analytics as one of the prime reasons driving the geofencing market growth during the next few years.
Geofencing Market 2019-2023 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the geofencing market, including some of the vendors such as Apple Inc., Esri, Localytics, Simpli.fi, and Thumbvista. Backed with competitive intelligence and benchmarking, our research reports on the geofencing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Geofencing Market 2019-2023 : Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist geofencing market growth during the next five years
- Estimation of the geofencing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the geofencing market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of geofencing market vendors
Table Of Contents :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Fixed - Market size and forecast 2018-2023
- Mobile - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Growing applications of geofencing
- Increased use of analytics
- Increased availability of geofencing API
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Apple Inc.
- Esri
- Localytics
- Simpli.fi
- Thumbvista
PART 13: APPENDIX
- Research methodology
- List of abbreviations
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