Directions Magazine
Hello. Login | Register

Press Releases

Home | Submit Press Release

Geofencing Finally Emerges to Enable New Multi-billion Markets by 2018

Bookmark and Share
Friday, February 1st 2013


Geofencing Finally Emerges to Enable New Multi-billion Markets by 2018

With low-cost developer’s tools becoming available, geofencing is finally coming out of the shadows, moving beyond traditional location-based applications, to form the backbone of a host of new applications and services.

As the back-end complexities of supporting location-based services continues to escalate, developers are increasingly turning to platform providers such as carriers, Google, Qualcomm, Esri, Urban Airship, and others to provide an easy, scalable geofencing service. In its report, “Geofencing: Technologies, Applications, and Revenue Strategies”, ABI Research investigates the full range of carrier and smartphone applications that will utilize geofencing in the coming years, including retail, enterprise, push notification, local search, social networking, ambient intelligence, etc.

Senior analyst, Patrick Connolly comments, “Collectively geofencing will enable whole new multi-billion dollar markets around these emerging areas. However, the provision of geofencing tools will be a market in its own right, forecast to reach almost $300 million in 2017. More developers are increasingly looking to pivot to enterprise applications, where companies are happy to pay for services that provide RoI, geofencing will open the door.”

Practice director, Dominique Bonte adds, “Traditionally, geofencing tools were difficult to develop, expensive to license, and didn’t have a lot of use cases. With location now ubiquitous across all handset types, and a choice of geofencing tools available from a multitude of big players, it will become an integral part of our daily lives.”

These findings are part of ABI Research’s Location Technologies Research Service.

ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.

Contact: Christine Gallen | Tel: +44.(0).203.326.0142 | Fax: 516-624-2501 | pr@abiresearch.com
To set up a briefing with an ABI Research analyst on this subject, click here

Bookmark and Share

Stay Connected

Twitter RSS Facebook LinkedIn Delicious Apple Devices Android Blackberry






Recent Comments

How are GIS Companies being Disrupted by other Technologies?

There has been discussion about how GIS will impact industry applications for years. But what technologies might impact GIS users and vendors? How are GIS companies being "disrupted" by other technologies?

U.S. Army Corps of Engineers’ Mapping Team: Hoping for a Picture-perfect Hurricane Season
Beyond GPS: Five Next-Generation Technologies for Positioning, Navigation and Timing (PNT)
Meet the Unknowns in the 20 Most Promising GIS Solution Providers of 2014
A Glossary of Unmanned Aerial Vehicle (UAV) Terms
Don’t Miss These Resources on Unmanned Aerial Vehicles (UAV)
Mapping Disaster: A Global Community Helps from Space
Alteryx 9.0: “Data Scientists Not Required!”
Millennium Space Seeks Your Space-enabled Big Ideas

DirectionsMag.com

About Us | Advertise | Contact Us | Web Terms & Conditions | Privacy Policy
© 2014 Directions Media. All Rights Reserved