How big is the Active Geofencing Market?

The Active Geofencing Market size is expected to reach USD 1.81 billion in 2024 and grow at a CAGR of 23.23% to reach USD 5.16 billion by 2029. Read More

What is the current Active Geofencing Market size?

In 2024, the Active Geofencing Market size is expected to reach USD 1.81 billion. Read More

Who are the key players in Active Geofencing Market?

Bluedot Innovation Pty Ltd, IBM Corporation, Microsoft Corporation, Radar Labs Inc. and Infillion, Inc (GIMBLE) are the major companies operating in the Active Geofencing Market. Read More

Which is the fastest growing region in Active Geofencing Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Active Geofencing Market?

In 2024, the North America accounts for the largest market share in Active Geofencing Market. Read More

What years does this Active Geofencing Market cover, and what was the market size in 2023?

In 2023, the Active Geofencing Market size was estimated at USD 1.39 billion. The report covers the Active Geofencing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Active Geofencing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Active Geofencing Market Report | Industry Analysis, Size & Forecast

Active Geofencing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Active Geofencing Technology Market Analysis and It is Segmented by Organization Size (Small and Medium Scale Businesses and Large-Scale Businesses), End-User Industry (BFSI, Defense, Government and Military, Healthcare, Industrial Manufacturing, Retail, and Transportation and Logistics), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Active Geofencing Industry Overview

The active geofencing market is semi-consolidated due to prominent vendors like Bluedot Innovation Pty Ltd, Infillion Inc. (GIMBLE), IBM Corporation, Microsoft Corporation, Radar Labs Inc., etc. The key players are involved in various strategies, such as acquisitions and partnerships, to improve their market share and enhance their profitability in the market studied.

In July 2023, Radar announced our partnership with Cordial, Increasing engagement and revenue through location-based experiences like on-premise app modes, store maps and locators, and address autocomplete. In real time, brands such as JOANN deliver highly personalised, contextually relevant experiences to their customers through the combination of Radar's industry location infrastructure with Cordial's marketing and data platform.
In June 2023, Autodesk has announced the strategic partnership with Esri, one of the global industry leader in Geographic Information System (GIS) software, Where the Autodesk BIM Collaborate Pro and Esri’s ArcGIS Online integrate through ArcGIS GeoBIM for a holistic view of design models and location intelligence to reduce risk, provide better project collaboration, and improve communication with stakeholders.
In September 2022, M3 announced significant advancements to its proprietary Labour Management software, M3 labor, consisting of geofencing and beacon technologies. With this new functionality, users of the M3 Labour service can create an area radius where staff can punch in and out at work. These new features are intended to ensure that hotel staff clock in and out when and where they should while preventing them from doing so elsewhere, thereby avoiding the possibility of false and erroneous punching.