Global Geofencing Market Estimated to Grow at a CAGR of +30% by 2022- Market by Component, Solution and Services, Type (Fixed and Mobile), Organization Size and Verticals
Geofencing is a virtual fencing created around the desired boundary locations of a land. Geofencing primarily consists of the software programs which are executed using the data gathered from the GPS (Global Positioning Systems) or the RFID (Radio Frequency Identification).
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