Mexico Geofencing Market Size & Outlook, 2023-2030

The geofencing market in Mexico is expected to reach a projected revenue of US$ 159.2 million by 2030. A compound annual growth rate of 18.8% is expected of Mexico geofencing market from 2024 to 2030.
Revenue, 2023 (US$M)
$47.8
Forecast, 2030 (US$M)
$159.2
CAGR, 2024 - 2030
18.8%
Report Coverage
Mexico

Mexico geofencing market highlights

  • The Mexico geofencing market generated a revenue of USD 47.8 million in 2023 and is expected to reach USD 159.2 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 18.8% 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 47.8 million
Market revenue in 2030USD 159.2 million
Growth rate18.8% (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, Mexico accounted for 2.0% 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 Latin America, Brazil geofencing market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 235.2 million by 2030.

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Geofencing Market Companies

Name Profile # Employees HQ Website

Mexico 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 63.81% in 2023. Horizon Databook has segmented the Mexico 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 Mexico 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 country-level data and insights on the Mexico geofencing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico geofencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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