Geofencing Market Sees Monumental Growth, Expected to Reach US$ 9,596.6 Million by 2032

The use of geofencing market is predicted to increase at a CAGR of 17.8% throughout the projection period. The geofencing market is expected to increase, rising from US$ 1,867.2 Million in 2022 to US$ 9,596.6 Million in 2032. The demand for geofencing is rising as a result of real-time monitoring, which is crucial for data analysis and drives …

Geofencing Market to Surpass US$ 9,500 Mn by 2032: Increasing Adoption of Location-Based Marketing to Boost Industry Growth | Future Market Insights, Inc.

The use of geofencing market is predicted to increase at a CAGR of 17.8% throughout the projection period. The geofencing market is expected to increase, rising from US$ 1,867.2 Mn in 2022 to US$ 9,596.6 Mn in 2032. The demand for geofencing is rising as a result of real-time monitoring, which is crucial for data …