A $2.5 Billion Global Opportunity for Geofencing by 2026 - New Research from StrategyR
SAN FRANCISCO, June 23, 2022
SAN FRANCISCO , June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Geofencing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 8; Released: January 2022
Executive Pool: 3942
Companies: 52 - Players covered include Apple, Inc.; Bluedot Innovation; Dreamorbit; Esri; Geomoby; Gpswox Ltd.; Localytics; Mapcite; Mobinius Technologies Pvt.Ltd.; Pulsate Mobile LTD; Simpli.fi; Swirl Networks, Inc.; Thumbvista and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Services); Vertical (Transportation & Logistics, Retail, Healthcare & Life Sciences, Industrial Manufacturing, Media & Entertainment, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Geofencing Market to Reach $2.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Geofencing estimated at US$670.8 Million, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 24.5% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record a 24.1% CAGR and reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 25% CAGR for the next 7-year period.
The U.S. Market is Estimated at $260.3 Million in 2021, While China is Forecast to Reach $444.3 Million by 2026
The Geofencing market in the U.S. is estimated at US$260.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$444.3 Million by the year 2026 trailing a CAGR of 23.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.8% and 20.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.2% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.