Geofencing market is defined as generating a virtual boundary around a fixed or moving object, in which a device, individual, or asset can be tracked, monitored, and detected if the boundary is violated. Geofencing solutions create and track virtual boundaries. They use Global Positioning System (GPS), Radio Frequency Identification (RFID), and Wi-Fi technology, along with dedicated software to track equipment and people. The geofencing market includes fixed and mobile geofencing users in various verticals.
The MicroQuadrant matrix provides information about the major players who offer geofencing solutions and services. It outlines the findings and analysis on how well each market vendor performs within the predefined MicroQuadrant criteria. The vendor evaluations are based on 2 broad categories: strength of product portfolio and business strategy excellence. Each category carries various criteria, based on which the vendors have been evaluated. The evaluation criteria considered under the strength of product portfolio include breadth and depth of product offering (based on the industries that the vendors cater to and their solution and service offerings), product feature and functionality, focus on product innovation, and product quality, reliability, and support, focus on product innovation. The evaluation criteria considered under the business strategy excellence include the geographic footprint (based on geographic presence), vision alignment, breadth of application served and coverage, channel strategy and fit, and mergers and acquisitions strategy.
Apple, Esri, GPSWOX, Bluedot Innovation, Thumbvista, and MAPCITE have been recognized as the visionary leaders in the geofencing market. They offer a strong portfolio of solutions and services to their commercial clients. The products and solutions of these companies are highly scalable and can be customized as per the requirements of the clients. These companies are said to be investing significantly in R&D to introduce innovations in location-based services and geofencing. Moreover, these companies have also undertaken various organic and inorganic strategies to achieve a consistent and advanced growth in the geofencing market.
LocationSmart, Pulsate, Swirl Networks, Maven Systems, SuccorfishM2M, DreamOrbit, Swirl Networks, Nisos Technologies, and Embitel have been recognized as the innovators in the geofencing market. These companies offer innovative solutions for fixed and mobile geofencing. They also have strong breadth and depth of product offerings. The innovators have been at the forefront in deploying their solutions for niche and custom software requirements of the clients.
PlotProjects, GeoMoby, Mobinius, and Urban Airship have been recognized as the dynamic differentiators in the geofencing market. These companies have a significant network of channel partners and resellers to increase the deployment of their solutions across a multitude of verticals. The dynamic vendors have been consistently generating positive revenue growth in the geofencing market and their market position has heightened by their organic and inorganic ventures.
Simpli.fi, Raveon Technologies, Factual, InVisage, Visioglobe, MobiOcean, and Localytics have been recognized as the emerging companies in the geofencing market. The emerging players are specialized in offering highly niche and tailor-made solutions and services to their clients. These companies devise new ways of working to drive business results in the market.
Geofencing Solutions Quadrant
Find the best Geofencing Solutions solution for your business, using ratings and reviews from buyers, analysts, vendors and industry experts
- Breadth and Depth of Product Offerings
- Types of Geofencing Services
- Deployment And Integration Services
- Application Support And Maintenance Services
- Consulting And Advisory Services
- Training And Development Services
- Api Management Services
- Testing Services
- Types of Geofencing
- Product Features and Functionality
- Industry Coverage
- Transportation and Logistics
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Media and Entertainment
- Governmnet and Defense
- Customer Type
- Large Enterprises
- Product Quality and Reliability
- Frequency of Support Service
- Support Activities
- Customer support service
- Training and development
- Support and maintenance
- Channel for Delivery of Support Services
- On-Site Support
- Remote Support
- Focus on Product Innovation
- R&D Spend