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Geofencing Market Status, Future Forecast and Growth Opportunity 2017-2022

The report on the Global Geofencing market covers Industry Size, market valuation by segmentation as well as region, historical trends, dynamics, country-level analysis for every segment and supply chain analysis

(PresseBox) (Northbrook, IL, )
According to a new market research report” 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", published by MarketsandMarkets™, The global geofencing market size is expected to grow from USD 542.7 Million in 2017 to USD 1,825.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 27.5%.

The major factors driving the growth of the geofencing market include technological advancements in use of spatial data and increasing applications in numerous industry verticals.

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