Active Geofencing Market - Size, Statistics & Companies Report 2024

The worldwide dynamic geofencing market size arrived at US$ 1,451.4 Million out of 2023. Looking forward, IMARC Gathering anticipates that the market should arrive at US$ 8,897.6 Million by 2032, showing a development rate (CAGR) of 22.32% during 2024-2032. The market is growing quickly because of expanding interest for viable functional administration and customized promoting arrangements. Also, advancements in area based innovation and expanded reception of cell phones and IoT gadgets is further helping the use of dynamic geofencing.