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Geofencing

Geofencing
Feature New Record
MARKET SIZE

The geofencing market size was USD 458 million in 2016 and is projected to reach USD 1,825 million by 2022 after growing at a compound annual growth rate (CAGR) of 27.5% during the forecast period.

Source: Markets and Markets

The global geofencing market is forecast to reach USD 1.7 billion by 2024.

Source: Global Market Insights

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