Pune, India -- (SBWIRE) -- 11/08/2018 -- Absolute Markets Insights offers its latest published report Geofencing Market by Service (Deployment and Integration Services, Support and Maintenance Services, Consulting and Advisory Services, API Management and Testing Services); by Type (Fixed Geofencing, Mobile Geofencing); by Vertical (BFSI {Banking, Financial Services, and Insurance}, Healthcare, Retail and Hospitality, Industrial Manufacturing, Media & Entertainment, Transportation and Logistics, Government and Defense, Others {IT & Telecom, Human Resources, Audience Engagement, Telematics, etc.}); by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Industry Trends, Price Trends, Growth, Size, Supply, Demand, Comparative Analysis, Competitive Market Share and Forecast, 2018-2026'. The author of the report analyzed that the Global Geofencing Market accounted for US$ 538.02 Mn in 2017.

The prime factor responsible for the growth of the Geofencing market is increasing technological advancements in maintaining the security and safety majors for the organizations and also part of the geographies. Also, the constant technological advancements going on in the cloud computing applications, global navigation satellite system (GNSS), and the wireless technologies which are supporting the location-based services (LBS), global positioning system (GPS), are contributing significantly in driving the demand for the geofencing market.

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Major key players are covered in this report:

Apple Inc., Bluedot Innovation, DreamOrbit, Embitel, Esri, Factual, GeoMoby, GPSWOX, Nisos Technologies, Localytics, LocationSmart, MAPCITE Maven Syst, Mobinius Technologies, IBM, Pitney Bowes Inc., Plot Projects, Pulsate, Radar Labs, Inc., Raveon Technologies, Simpli.fi, SuccorfishM2M, Swirl Networks, Thumbvista, Urban Airship, Visioglobe etc.

The number of smart phone users has been increased rapidly. Due to high disposable income and increasing incline towards technology has fueled the growth of Smartphone market. Mobile app developers offer free downloading of apps which is the part of geofencing advertising. The free apps allow an access to location of mobile user in specific area. Therefore, geofencing is widely adopted as an ideal tactic for local advertising.

Concerns related to devising monitoring, battery draining issues, and lack of preceding caution services are somewhere limiting the growth of the market. Similarly, missing features such as monitoring ability of geofence in low coverage areas has forced the customers to move their focus towards authorized marketing, which is considered as a restraining factor for the growth of the geofencing market.

The manufacturing companies are focusing on optimization and sustainable supply chain management in order to build strong market position. The real-time location tracking of the materials and movements of the materials in the industry offers the most needed control over the process flow in the in the industry. Therefore, increasing investment in technology by manufacturing industry to track the inventory movement, processed and semi-processed materials in real-time to reduce the wastage and shortage of resources offers growth opportunity for the global geofencing market in forecast period.

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Table of Contents

Global Geofencing Market Research Report

Chapter 1 Global Geofencing Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast