According to a new market research report ”Geofencing Market by Component (Solution and Services), Geofencing Type (Fixed andMobile), Organization Size, Vertical (Transportation & Logistics,Government & Defense, Retail, Healthcare & Life Sciences), and Region -Global Forecast to 2022", published by MarketsandMarkets™, The global geofencing marketsize is expected to grow from USD 542.7 Million in 2017 to USD 1,825.3 Millionby 2022, at a Compound Annual Growth Rate (CAGR) of 27.5%.
The major factors driving the growth of the geofencing marketinclude technological advancements in use of spatial data and increasingapplications in numerous industry verticals.
Browse 62 Market Data Tables and 38 Figures spreadthrough 145 Pages and in-depth TOC on "Geofencing Market by Component(Solution and Services), Geofencing Type (Fixed and Mobile), Organization Size,Vertical (Transportation & Logistics, Government & Defense, Retail,Healthcare & Life Sciences), and Region - Global Forecast to 2022"
