North America Geofencing Market Size & Outlook, 2023-2030

The geofencing market in North America is expected to reach a projected revenue of US$ 3,237.7 million by 2030. A compound annual growth rate of 21.9% is expected of North America geofencing market from 2024 to 2030.
Revenue, 2023 (US$M)
$809.4
Forecast, 2030 (US$M)
$3,237.7
CAGR, 2024 - 2030
21.9%
Report Coverage
North America

North America geofencing market highlights

  • The North America geofencing market generated a revenue of USD 809.4 million in 2023.
  • The market is expected to grow at a CAGR of 21.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 809.4 million
Market revenue in 2030USD 3,237.7 million
Growth rate21.9% (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, North America region accounted for 34.1% 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 Companies

Name Profile # Employees HQ Website

North America 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 60.64% in 2023. Horizon Databook has segmented the North America 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 North America 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America geofencing market , including forecasts for subscribers. This continent databook contains high-level insights into North America geofencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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