Latin America Geofencing Market Size & Outlook, 2023-2030
The geofencing market in Latin America is expected to reach a projected revenue of US$ 570.8 million by 2030. A compound annual growth rate of 19.3% is expected of Latin America geofencing market from 2024 to 2030.
Revenue, 2023 (US$M)
$166.4
Forecast, 2030 (US$M)
$570.8
CAGR, 2024 - 2030
19.3%
Report Coverage
Latin America
Latin America Geofencing Market, 2018-2030 (US$M)
Global Market
Related Markets
Latin America geofencing market highlights
- The Latin America geofencing market generated a revenue of USD 166.4 million in 2023.
- The market is expected to grow at a CAGR of 19.3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 166.4 million |
| Market revenue in 2030 | USD 570.8 million |
| Growth rate | 19.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Apple 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, Latin America region accounted for 7.0% 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 Scope
Geofencing Market segmentation & scope
Others
Geofencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Esri | View profile | 5001-10000 | Redlands, California, United States, North America | www.esri.com |
| Saksoft | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | www.saksoft.com |
| Simpli.fi | View profile | 1001-5000 | Fort Worth, Texas, United States, North America | www.simpli.fi |
| Thumbvista | View profile | 1-10 | Charlotte, North Carolina, United States, North America | Thumbvista.com |
| Gpswox | View profile | 1-10 | London, England, United Kingdom, Europe | www.gpswox.com/ |
| LocationSmart | View profile | 11-50 | Carlsbad, California, United States, North America | www.locationsmart.com |
| Bluedot | View profile | 11-50 | Austin, Texas, United States, North America | bluedot.io/ |
| GeoMoby | View profile | 11-50 | Perth, Western Australia, Australia, Oceania | www.geomoby.com |
| Upland Localytics | View profile | 1001-5000 | Austin, Texas, United States, North America | uplandsoftware.com/localytics |
Latin 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 Outlook will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 57.03% in 2023.
Horizon Databook has segmented the Latin America geofencing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Geofencing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Solution
- Services
- Latin America Geofencing Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Active geofencing
- Passive geofencing
- Latin America Geofencing Market Type Outlook (Revenue, USD Million , 2018-2030)
- Fixed Geofencing
- Mobile Geofencing
- Latin America Geofencing Market Organization Size Outlook (Revenue, USD Million , 2018-2030)
- Small And Medium-Sized Enterprises
- Large Enterprises
- Latin America Geofencing Market Industry Vertical Outlook (Revenue, USD Million , 2018-2030)
- Transportation And Logistics
- Retail
- Healthcare And Life Sciences
- Industrial Manufacturing
- Media And Entertainment
- Government And Defense
- BFSI
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Geofencing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Geofencing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Geofencing Market, 2018-2030 (US$M)
Latin America geofencing market statistics, by component, 2018-2030 (US$M)
