China Geofencing Market Size & Outlook, 2023-2030

The geofencing market in China is expected to reach a projected revenue of US$ 646.8 million by 2030. A compound annual growth rate of 24% is expected of China geofencing market from 2024 to 2030.
Revenue, 2023 (US$M)
$143.4
Forecast, 2030 (US$M)
$646.8
CAGR, 2024 - 2030
24%
Report Coverage
China

China geofencing market highlights

  • The China geofencing market generated a revenue of USD 143.4 million in 2023 and is expected to reach USD 646.8 million by 2030.
  • The China market is expected to grow at a CAGR of 24% from 2024 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.


Geofencing market data book summary

Market revenue in 2023USD 143.4 million
Market revenue in 2030USD 646.8 million
Growth rate24% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Services
Key market players worldwideApple Inc, Saksoft, Simpli.fi, Thumbvista, Gpswox, Esri, LocationSmart, Bluedot, GeoMoby, Upland Localytics, SuccorfishM2M, Visioglobe, Raveon, Urban Airship Inc, MAPCITE, MediaVision


Other key industry trends

  • In terms of revenue, China accounted for 6.0% of the global geofencing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China geofencing market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 564.2 million by 2030.

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Geofencing Market Companies

Name Profile # Employees HQ Website

China geofencing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to geofencing market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 61.79% in 2023. Horizon Databook has segmented the China geofencing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of China geofencing market databook

  • Our clientele includes a mix of geofencing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the China geofencing market , including forecasts for subscribers. This country databook contains high-level insights into China geofencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China geofencing market size, by component, 2018-2030 (US$M)

China Geofencing Market Outlook Share, 2023 & 2030 (US$M)

China geofencing market size, by component, 2018-2030 (US$M)

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