Active Geofencing Trends and Forecast
The future of the global active geofencing market looks promising with opportunities in the banking, financial services, and insurance, retail, defense, government, and military, healthcare, industrial manufacturing, and transportation and logistics markets. The global active geofencing market is expected to grow with a CAGR of 25.3% from 2024 to 2030. The major drivers for this market are rising penetration of smartphones, growing demand of real-time location-based services, and increasing desire for precision marketing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Active Geofencing by Segment
The study includes a forecast for the global active geofencing by organization size, end use industry, and region.
Active Geofencing Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
• Small-scale and Medium-scale Businesses
• Large-scale Businesses
Active Geofencing Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Banking, Financial Services, and Insurance
• Retail
• Defense, Government, and Military
• Healthcare
• Industrial Manufacturing
• Transportation and Logistics
• Others
Active Geofencing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Active Geofencing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies active geofencing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the active geofencing companies profiled in this report include-
• Bluedot Innovation
• Infillion
• IBM
• Microsoft
• Radar Labs
• Google
• Samsung Electronics
• Verve
• Apple
• Locationsmart
Active Geofencing Market Insights
Active Geofencing Market Insights
Lucintel forecasts that large-scale businesses is expected to witness higher growth over the forecast period as they allocate resources across large geographical areas and needs less sophisticated active geofencing solutions to manage their daily operations.
Within this market, retail will remain the largest segment due to growing utilization of geofencing for targeting customers with marketing campaigns, monitoring inventory movements, and preventing fraudulent activities.
North America is expected to witness highest growth over the forecast period due to highest level of advancement or development in geofencing technology.
Features of the Global Active Geofencing Market
Market Size Estimates: Active geofencing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Active geofencing market size by organization size, end use industry, and region in terms of value ($B).
Regional Analysis: Active geofencing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different organization sizes, end use industries, and regions for the active geofencing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the active geofencing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the growth forecast for active geofencing market?
Answer: The global active geofencing market is expected to grow with a CAGR of 25.3% from 2024 to 2030.
Q.2 What are the major drivers influencing the growth of the active geofencing market?
Answer: The major drivers for this market are rising penetration of smartphones, growing demand of real-time location-based services, and increasing desire for precision marketing.
Q3. What are the major segments for active geofencing market?
Answer: The future of the active geofencing market looks promising with opportunities in the banking, financial services, and insurance, retail, defense, government, and military, healthcare, industrial manufacturing, and transportation and logistics markets.
Q4. Who are the key active geofencing market companies?
Answer: Some of the key active geofencing companies are as follows:
• Bluedot Innovation
• Infillion
• IBM
• Microsoft
• Radar Labs
• Google
• Samsung Electronics
• Verve
• Apple
• LocationSmart
Q5. Which active geofencing market segment will be the largest in future?
Answer: Lucintel forecasts that large-scale businesses is expected to witness higher growth over the forecast period as they allocate resources across large geographical areas and needs less sophisticated active geofencing solutions to manage their daily operations.
Q6. In active geofencing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to highest level of advancement or development in geofencing technology.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the active geofencing market by organization size (small-scale and medium-scale businesses, and large-scale businesses), end use industry (banking, financial services, and insurance, retail, defense, government, and military, healthcare, industrial manufacturing, transportation and logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Active Geofencing Market, Active Geofencing Market Size, Active Geofencing Market Growth, Active Geofencing Market Analysis, Active Geofencing Market Report, Active Geofencing Market Share, Active Geofencing Market Trends, Active Geofencing Market Forecast, Active Geofencing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.