The use of Geofencing market is predicted to increase at a CAGR of 17.8% throughout the projection period. The geofencing market is expected to increase, rising from US$ 1,867.2 Mn in 2022 to US$ 9,596.6 Mn in 2032.
The geofencing market share is primarily driven by smartphone usage and demand for geofencing is expanding as it helps with real-time monitoring, which is important for...
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