Active Geofencing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Active Geofencing Market is segmented by Organization Size (Small and Medium Scale Business, Large-scale Business), End-user Industry (Retail, BFSI, Healthcare, Defense), and Geography.

Market Snapshot

Active Geofencing Market Overview
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 26.7 %

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Market Overview

The Active Geofencing Market was valued at USD 734.6 million in 2020 and is expected to reach USD 3039.38 million by 2026 and grow at a CAGR of 26.7% over the forecast period (2021-2026). Geofencing determines the geographical boundaries using radio frequency identification (RFID) or GPS. The active type of geofencing is dependent on the end user as at any point of time it can be switched on and can be tracked using a smartphone application; whereas, passive geofence runs in the background and use the internet on cellular data or Wi-Fi.

  • Geofencing offers safety and security in terms of tracking the exact location of the assets like fleets, inventory, etc. This tracking allows the user to optimize the cost realization and enhance the business profit. The proliferation of smartphone penetration across the globe is driving the adoption of active geofencing technology over the last few years.
  • The organizations are now becoming more data-driven in terms of their decision-making process. In result, the use of geospatial data has been increasing over the year. Active geofencing technology features real-time tracking made the use of geospatial data more efficient. Hence, fueling the active geofencing market growth.
  • However, the rising awareness among the consumers about the tracking of individual locations from smartphones and consumer concern about their privacy due to the regular data breach cases, are restricting market growth to an extent.

Scope of the Report

The scope of the study for the active geofencing market has considered the application of the technology in a wide range of industries for both small & medium scale as well as large scale businesses globally. 

By Organization Size
Small-scale and Medium-scale Businesses
Large-scale Businesses
By End-User Industry
Banking, Financial Services, and Insurance
Defense, Government, and Military
Industrial Manufacturing
Transportation and Logistics
Other End-user Industries
North America
Latin America
Middle East & Africa

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Key Market Trends

Retail Segment to Witness Significant Growth

  • Retails are eagerly adopting digitalization in order to gain a more loyal customer base as digitalization allows them to engage their customers more efficiently and remotely. Retailers observe customers footfall as soon as they enter the geofenced area and push them with promotional notifications with this active geofencing solution to extract them.
  • Automotive retailers use geofencing to keep watch on the customers taking test drives and if the customers try to exit the specified area for the immediate alert can be achieved so that quick response can be taken to avoid asset losses.
  • The rise in smartphone by individuals usage globally is encouraging retails to adopt active geofencing technology as they can track even more footfalls in their geofenced region. It is observed that developing countries have better penetration of smartphone with 82% against 80% in developed countries. Also, smartphone shipments are expected to reach 2.2 billion units globally in the year 2019. Hence, the active geofencing market has growth opportunities in developing countries. 
  • Retailers are deploying unconventional methods like aerial unmanned drones to deliver products to their customers. For instance, Walmart has planned to deliver products in a safebox using drones rather than a doorstep. The application includes the usage of geofencing and blockchain technology for package tracking and identification.
Active Geofencing Market Key Trends

Asia-Pacific Region to Witness Fastest Growth

  • The Asia-Pacific region includes major countries like India and China, which are highly growing economies in the world. These countries have a huge presence of SMBs. Also, the government initiative like Digital India has encouraged the deployment of technologies for businesses in these countries.
  • Small and medium scale business (SMBs) are adopting beacons and active geofencing technologies to connect their customers in a better way. The cost related to this technology is negligible as many beacon units are available under USD 20. The software platform needed to manage the messaging can also be developed with ease.
  • The Fintech segment in the region is also on rapid growth. Many banks are adopting active geofencing to verify the locations of customers against card transactions, by which, they can ensure that transactions on customers’ cards are approved and reduce the risk of fraud.
  • In addition, Walmart has already entered the Indian market and the huge base of e-commerce in the region brings more opportunities for active geofencing market as Amazon and Walmart has planned to deliver products by unmanned drones.
Active Geofencing Market Growth Rate By Region

Competitive Landscape

The active geofencing market concentration is more towards consolidation with the presence of major players like Microsoft and Bluedot. As these companies allow developers to create third-party apps to support active geofencing technology, the market has a high barrier to entry.

  • February 2019 - DJI, the civilian drones and aerial imaging technology provider improved its geofencing technology with the launch of its Geospatial Environment Online (GEO) 2.0 system across Europe. DJI has chosen Altitude Angel as its new partner to deliver accurate, real-time, and relevant geospatial data for airports, TFRs, and other sensitive areas in 32 European countries.
  • January 2018 - Bluedot Innovation launched Bluedot Location Marketing on the Salesforce AppExchange. This has empowered businesses to connect with their customers, partners, and employees in entirely new ways. Bluedot Location Marketing offers accurate location services and geofencing, allowing brands to harness the power of location, to build personalized journeys.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Use of Spatial Data and Improved Real-time Location Technology

      2. 4.2.2 Higher Adoption of Location-based Application among Consumers

    3. 4.3 Market Restraints

      1. 4.3.1 Rising Awareness Regarding Safety and Security among Consumers of Location Tracking

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry


    1. 5.1 By Organization Size

      1. 5.1.1 Small-scale and Medium-scale Businesses

      2. 5.1.2 Large-scale Businesses

    2. 5.2 By End-User Industry

      1. 5.2.1 Banking, Financial Services, and Insurance

      2. 5.2.2 Retail

      3. 5.2.3 Defense, Government, and Military

      4. 5.2.4 Healthcare

      5. 5.2.5 Industrial Manufacturing

      6. 5.2.6 Transportation and Logistics

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa


    1. 6.1 Company Profiles

      1. 6.1.1 Bluedot Innovation Pty Ltd

      2. 6.1.2 Gimbal Inc.

      3. 6.1.3 IBM Corporation

      4. 6.1.4 Microsoft Corporation

      5. 6.1.5 Radar Labs Inc.

      6. 6.1.6 Google LLC

      7. 6.1.7 Samsung Electronics Co.

      8. 6.1.8 Verve Inc.

      9. 6.1.9 Apple Inc.

      10. 6.1.10 LocationSmart

      11. 6.1.11 SZ DJI Technology Co.,

    2. *List Not Exhaustive


**Subject to Availability

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Frequently Asked Questions

The Active Geofencing Market market is studied from 2018 - 2026.

The Active Geofencing Market is growing at a CAGR of 26.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Bluedot Innovation Pty Ltd, Gimbal Inc., IBM Corporation, Microsoft Corporation, Radar Labs Inc. are the major companies operating in Active Geofencing Market.

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