Europe Geofencing Market Size & Outlook, 2023-2030

The geofencing market in Europe is expected to reach a projected revenue of US$ 1,983.8 million by 2030. A compound annual growth rate of 20.7% is expected of Europe geofencing market from 2024 to 2030.
Revenue, 2023 (US$M)
$532.3
Forecast, 2030 (US$M)
$1,983.8
CAGR, 2024 - 2030
20.7%
Report Coverage
Europe

Europe geofencing market highlights

  • The Europe geofencing market generated a revenue of USD 532.3 million in 2023.
  • The market is expected to grow at a CAGR of 20.7% 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.
  • Country-wise, France is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 532.3 million
Market revenue in 2030USD 1,983.8 million
Growth rate20.7% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentServices
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, Europe region accounted for 22.4% of the global geofencing market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,919.5 million by 2030.

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Geofencing Market Scope

Geofencing market segmentation & scope
Solution
Type & Integration services
Support & Maintenance services
Consulting & Advisory services
API Management & Testing services
Active Geofencing
Passive Geofencing
Fixed Geofencing
Mobile Geofencing
Small And Medium-Sized Enterprises
Large Enterprises
Transportation And Logistics
Retail
Healthcare And Life Sciences
Industrial Manufacturing
Media And Entertainment
Government And Defense
BFSI
Others

Geofencing Market Companies

Name Profile # Employees HQ Website

Europe 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 59.97% in 2023. Horizon Databook has segmented the Europe 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 Europe 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.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe geofencing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe geofencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe geofencing market size, by country, 2018-2030 (US$M)

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

Europe geofencing market size, by country, 2018-2030 (US$M)

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