Accelerating the
Industrial Internet of Things

Geofencing

Geofencing
Feature New Record
MARKET SIZE

The geofencing market size was USD 458 million in 2016 and is projected to reach USD 1,825 million by 2022 after growing at a compound annual growth rate (CAGR) of 27.5% during the forecast period.

Source: Markets and Markets

The global geofencing market is forecast to reach USD 1.7 billion by 2024.

Source: Global Market Insights

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