In industrial manufacturing, the geofencing technology is widely used for 2 applications, namely, asset monitoring and workforce management.
Frequently Asked Questions
What is the expected CAGR for the Geofencing Solutions Market?The geofencing market is projected to grow at a Compound Annual Growth Rate (CAGR) of 27.5% during 2017-2022.
What are the major growth driving triggers of the Geofencing Solutions Market?The major factors driving the growth of the geofencing market are the penetration of new technologies, rise in the use of spatial data and analytical tools, higher adoption of location-based applications among consumers, and the growth of competitive intelligence. Furthermore, the rise in Business Intelligence (BI) and the need to track the competitors’ marketing activities are some of the other factors supporting the overall growth of the market.
What are the various application of Geofencing?One of the best applications for geofencing comes in the form of social networking. Geofencing facilitates the usage of location-based filters, stickers and other shareable content. Geofencing also helps marketers to plan their in-store promotions and make ads targeted to a specific audience. It is also used to engage audience at organized events. Geofencing also facilitates telematics, where it enables businesses to draw virtual boundaries around their sites, which whenever trespassed send out alerts to the operators.
What are the various technologies that enable Geofencing?WiFi is a built-in feature in almost all the smartphones devices. RFID is another technology, that provides better precision in tracking. GPS offers enhanced precision when used outdoors and it is very cost efficient. Beacons help in identifying locations of all devices within their range. Beacons have the ability to deliver very high accuracy at optimal battery usage.
LocationSmart Geofencing Solutions Smart Zone geofencing services deliver propinquity insights necessary for the daily activities. It provides services from fetching devices to tracking product shipments halfway around the world and more. LocationSmart Geofencing Solutions power and accuracy will provide the organisation an opportunity to open the doors to targeted engagement opportunities.
GeoHems Geofencing Solutions provides GPS based location tracking solutions. Maven Systems M2M Solution – GPS based location tracking uses software filtering algorithms to work on raw values obtained from the GPS Modules and provide the most accurate location data.
Raveon Technologies offers RavTrack geofencing solutions that are specifically created for Public Safety AVL, Construction Equipment Tracking, Parks and Mine Equipment Tracking, security management, theft discovery, vehicle delivery and more. RavTrack geofencing solutions GPS tracking solution leverage VHF/UHF/ISM radio channels which makes their solutions faster, and cuts down on any monthly expenditures.
MobiOcean Geofencing solutions is a specialist software in developing both on-premise as well as cloud-based location management solutions which offer geofencing management from a single console. The company helps businesses to locate and be remotely connected with its employees, implement an all-inclusive employee tracking solution and also connect with them in case of any emergency.