Geofencing Market to Witness 28% CAGR Till 2024: Esri, Thumbvista, Gimbal, Mapcite, Factual and 15 Other Companies Profiled
Geofencing Market growth will be driven by rising demand for location-based services (LBS) and increasing penetration of mobile devices. There has been a notable increase in the demand for LBS over the past five years for real-time, location-based navigation and tracking and for gathering market intelligence. A steady growth of the mobility trend among enterprises operating in a diverse range of industries will also facilitate favorable adoption of geofencing market technology over the forecast period.
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