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[ 英語タイトル ] 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


Product Code : MNMICT00108823
Survey : MarketsandMarkets
Publish On : February, 2021
Category : ICT and Telecom
Study Area : Global
Report format : PDF
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[Report Description]

“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.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.4 YEARS CONSIDERED FOR THE STUDY 16
1.5 CURRENCY 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakdown of primaries 19
2.1.2.2 Key industry insights 20
2.2 MARKET SIZE ESTIMATION 21
2.3 MICROQUADRANT RESEARCH METHODOLOGY 23
2.3.1 MICROQUADRANT: WEIGHTAGE CRITERIA 23
2.3.2 QUADRANT DESCRIPTION 24
2.4 RESEARCH ASSUMPTIONS 25
2.5 LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GEOFENCING MARKET 29
4.2 GEOFENCING MARKET, BY REGION (2017 VS. 2022) 29
4.3 MARKET INVESTMENT SCENARIO 30
4.4 GEOFENCING MARKET, TOP 3 SERVICES, 2017–2022 30
4.5 GEOFENCING MARKET: MARKET SHARE OF THE TOP 3 VERTICALS AND REGIONS, 2017 31
4.6 LIFE CYCLE ANALYSIS, BY REGION, 2017 32
5 MARKET OVERVIEW AND INDUSTRY TRENDS 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Technological advancements and rise in the use of spatial data and analytical tools 34
5.2.1.2 Increasing applications in numerous industry sectors 34
5.2.1.3 Higher adoption of location-based application among consumers 34
5.2.1.4 Rise in growth of competitive intelligence 35
5.2.2 RESTRAINTS 35
5.2.2.1 Legal and privacy concerns 35
5.2.2.2 Rising awareness regarding safety and security among consumers 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Frequent incidents of national border intrusions 35
5.2.3.2 Ease of integration and deployment of geofencing solutions 36
5.2.4 CHALLENGES 36
5.2.4.1 Lack of uniform regulatory standards 36
5.2.4.2 Lack of awareness, expertise, and other operational challenges 36
5.3 INNOVATION SPOTLIGHT 37
5.4 GEOFENCING USE CASES 37
5.4.1 ASSET MONITORING SOLUTIONS 37
5.4.1.1 Seabed ploughing monitoring project aiding the Port of Cork 37
5.4.2 ASSET MONITORING SOLUTIONS 38
5.4.2.1 Driving the visits and sales of a store by deploying customized location-based mobile advertisements 38
5.4.3 SAFETY AND SECURITY SOLUTIONS 38
5.4.3.1 Mapping technology enables MAGTEC’s continuous innovation 38
5.4.3.2 Global transportation company uses Fleetmatics to monitor driver location, safety, and productivity 38
5.4.4 CUSTOMER SATISFACTION SOLUTIONS 39
5.4.4.1 Engage customers through mobile applications and push notifications 39
5.4.5 WORKFORCE MANAGEMENT SOLUTIONS 39
5.4.5.1 Increased productivity in real estate by geofencing 39
5.5 GEOFENCING CONNECTIVITY TECHNOLOGIES 39
5.5.1 ACTIVE GEOFENCING 39
5.5.1.1 RFID 39
5.5.1.2 GPS 40
5.5.2 PASSIVE GEOFENCING 40
5.5.2.1 Wi-Fi 40
5.5.2.2 Cellular data 40
5.6 GEOFENCING NOTIFICATION TYPES 41
5.6.1 STATIC GEO-NOTIFICATIONS 41
5.6.2 DYNAMIC GEO-NOTIFICATIONS 41
5.6.3 PEER-TO-PEER GEO-NOTIFICATIONS 41
5.7 PLATFORM PROVIDERS 42
5.7.1 ROXIMITY 42
5.7.1.1 Overview 42
5.7.2 GOOGLE 43
5.7.2.1 Overview 43
5.7.3 MICROSOFT 44
5.7.3.1 OVERVIEW 44
5.7.4 IBM 45
5.7.4.1 OVERVIEW 45
5.7.5 SAMSUNG 46
5.7.5.1 OVERVIEW 46
5.7.6 GIMBAL 47
5.7.6.1 Overview 47
6 GEOFENCING MARKET ANALYSIS, BY COMPONENT 48
6.1 INTRODUCTION 49
6.2 SOLUTION 50
6.3 SERVICES 51
7 GEOFENCING MARKET ANALYSIS, BY SERVICE 52
7.1 INTRODUCTION 53
7.2 DEPLOYMENT AND INTEGRATION SERVICES 54
7.3 SUPPORT AND MAINTENANCE SERVICES 55
7.4 CONSULTING AND ADVISORY SERVICES 56
7.5 API MANAGEMENT AND TESTING SERVICES 56
8 GEOFENCING MARKET ANALYSIS, BY GEOFENCING TYPE 58
8.1 INTRODUCTION 59
8.2 FIXED GEOFENCING 60
8.3 MOBILE GEOFENCING 61
9 GEOFENCING MARKET ANALYSIS, BY ORGANIZATION SIZE 62
9.1 INTRODUCTION 63
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES 64
9.3 LARGE ENTERPRISES 65
10 GEOFENCING MARKET ANALYSIS, BY VERTICAL 66
10.1 INTRODUCTION 67
10.2 TRANSPORTATION AND LOGISTICS 68
10.2.1 ASSET MONITORING 68
10.2.2 SPEED LIMITING 69
10.2.3 YARD AND SITE TRANSPORTATION 69
10.2.4 REAL-TIME DISPATCH AND DELIVERY 69
10.2.5 FLEET AND FREIGHT MANAGEMENT 69
10.3 RETAIL 71
10.3.1 WORKFORCE MANAGEMENT 71
10.3.2 CUSTOMER SATISFACTION 71
10.3.3 USER LOCATION ALERTS 71
10.3.4 LOGISTICS MANAGEMENT 71
10.3.5 COMPETITOR TRACKING 72
10.3.6 ASSET MANAGEMENT 72
10.3.7 PROMOTIONS AND ADVERTISING 72
10.4 HEALTHCARE AND LIFE SCIENCES 73
10.4.1 PATIENT CARE 73
10.4.2 ASSET MANAGEMENT 73
10.4.3 WORKFORCE MANAGEMENT 73
10.5 INDUSTRIAL MANUFACTURING 74
10.5.1 ASSET MONITORING 74
10.5.2 WORKFORCE MANAGEMENT 74
10.6 MEDIA AND ENTERTAINMENT 75
10.6.1 SOCIAL MEDIA 75
10.6.2 ADVERTISING AND MARKETING 75
10.7 GOVERNMENT AND DEFENSE 76
10.7.1 MARINE DEFENSE 76
10.7.2 DRONE MANAGEMENT 76
10.7.3 AIRFORCE DEFENSE 77
10.7.4 MILITARY VEHICLE MANAGEMENT 77
10.7.5 LAW ENFORCEMENT 77
10.7.6 GEOGRAPHIC EVENT ALERTS 77
10.8 BANKING, FINANCIAL SERVICES, AND INSURANCE 78
10.8.1 CUSTOMER TRACKING AND FRAUD PREVENTION 78
10.8.2 MARKETING AND PROMOTIONS 78
10.9 OTHERS 80
10.9.1 AGRICULTURE 80
10.9.2 EDUCATION 80
10.9.3 CONSTRUCTION AND ENGINEERING 80
10.9.4 ENERGY AND UTILITIES 81
11 GEOGRAPHIC ANALYSIS 82
11.1 INTRODUCTION 83
11.2 NORTH AMERICA 85
11.2.1 UNITED STATES 89
11.2.2 CANADA 91
11.3 EUROPE 92
11.4 ASIA PACIFIC 96
11.5 MIDDLE EAST AND AFRICA 100
11.6 LATIN AMERICA 103

12 COMPANY PROFILES 106
(Business Overview, Strength of product portfolio, Business strategy excellence, Recent developments)*

12.1 THUMBVISTA 106
12.2 PULSATE 108
12.3 SIMPLI.FI 110
12.4 MOBINIUS TECHNOLOGIES 112
12.5 ESRI 114
12.6 BLUEDOT INNOVATION 117
12.7 GEOMOBY 120
12.8 GPSWOX 122
12.9 APPLE 125
12.10 LOCALYTICS 128
12.11 MAPCITE 131
12.12 SWIRL NETWORKS 133

*Details on Overview, Strength of product portfolio, Business strategy excellence, Recent developments might not be captured in case of unlisted companies.

12.13 KEY INNOVATORS 135
12.13.1 DREAMORBIT 135
13 APPENDIX 136
13.1 INDUSTRY EXPERTS 136
13.2 DISCUSSION GUIDE 137
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 140
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 142
13.5 AVAILABLE CUSTOMIZATIONS 144
13.6 RELATED REPORTS 144
13.7 AUTHOR DETAILS 145

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