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Geofencing Market to Be Worth $12.7 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., Nov. 25, 2024 /PRNewswire/ — According to a new market research report titled ‘Geofencing Market by Offering (Solutions, Services), Type (Fixed Geofencing, Mobile Geofencing), Connectivity Technology (Passive Geofencing), Organization Size, End-use Industry (Retail & Consumer Goods) and Geography—Global Forecast to 2031.’

The geofencing market is projected to reach $12.7 billion by 2031, at a CAGR of 23.6% during the forecast period 2024–2031.

Geofencing is a technology that establishes a virtual perimeter around a physical location using geographic coordinates. It enables automated responses or notifications when a device enters or exits this designated area. This method is widely utilized for various purposes, including targeted marketing, security monitoring, fleet management, and enhancing personalized user experiences.

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The market’s growth is driven by factors such as the rising demand for location-based services, the increasing use of spatial data and analytics tools, and the growing demand for geofencing solutions within the retail sector. However, concerns regarding privacy and data security restrain this growth.

Additionally, the growing adoption of geofencing solutions by small and medium-sized enterprises (SMEs) and the integration of these solutions with Internet of Things (IoT) devices are expected to offer market growth opportunities. However, misconceptions and a lack of understanding about geofencing solutions are some of the challenges hindering the market’s growth.

The geofencing market is segmented by offering (solutions, services (deployment & integration services, support & maintenance services, consulting and advisory services, and API management and testing services), type (fixed geofencing, mobile geofencing), connectivity technology (active geofencing, passive geofencing), organization size (large enterprises, small & medium-sized enterprises), end-use industry (transportation & logistics, retail & consumer goods, healthcare, media and entertainment, BFSI, government, industrial manufacturing, and other end-use industries). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Among the Offerings studied in this report, the services segment is expected to register a higher CAGR during the forecast period. The rising demand for geofencing services that provide real-time location-based insights, an increasing need for comprehensive implementation and support services to optimize the performance of location-based applications, and a growing need for API management and testing services are expected to support the growth of this segment.

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Among the types studied in this report, the mobile geofencing segment is expected to register a higher CAGR during the forecast period. The increasing number of smartphone users, the rising demand for mobile geofencing to deliver real-time notifications and alerts based on user movements, the integration of mobile geofencing with IoT devices, and the growing use of mobile geofencing to enhance in-store customer experiences are expected to support the growth of this segment.

Among the connectivity technology types studied in this report, the passive geofencing segment is expected to register a higher CAGR during the forecast period. The increasing demand for passive geofencing in attendance tracking, its applications in the retail sector, and the rising need to monitor patients’ locations within healthcare settings are expected to support the growth of this segment.

Among the organization sizes studied in this report, the small & medium enterprises segment is expected to register a higher CAGR during the forecast period. The increasing demand for geofencing solutions to enhance operational efficiency and a growing reliance on these technologies to boost productivity are expected to support the growth of this segment.

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Among the end-use industries studied in this report, the transportation & logistics segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing demand for real-time monitoring of vehicles and the need for geofencing to manage traffic conditions. Additionally, geofencing offers numerous benefits to the transportation & logistics industry, including enhanced fleet management, improved operational efficiency, increased safety, and higher customer satisfaction.

Among the regions studied in this report, Asia-Pacific is expected to register the highest CAGR of 25.0% during the forecast period. The growth of this regional market is driven by the increasing demand for geofencing solutions in the retail & consumer goods sector, the rising adoption of these solutions among SMEs, and the integration of geofencing with machine learning and IoT technologies. Additionally, significant infrastructure development in countries such as China, South Korea, Japan, and India, along with the rapid growth of regional economies, technological advancements, and increased investment from market players, are contributing to the growth of this market.

The key players operating in the geofencing market include Bluedot Innovation (U.S.), Radar Labs, Inc. (U.S.), Infillion (U.S.), Mapsted Corp. (Canada), Geomoby Pty Ltd. (Australia), Esri (U.S.), LocationSmart (U.S.), Apple, Inc. (U.S.), GeoComply Solutions Inc. (Canada), Raveon Technologies (U.S.), PlotProjects B.V. (Netherlands), and IBM Corporation (U.S.).

Geofencing Industry Overview: Latest Developments from Key Market Players

In October 2023, Radar Labs, Inc. (U.S.) launched its fraud detection and geo-compliance solution, a developer-friendly and cost-effective geolocation tool designed for the gaming industry and other sectors.In March 2022, Radar Labs, Inc. (U.S.) partnered with Olo (U.S.) to reduce wait times for order-ahead and pickup services for leading quick-service restaurants (QSRs). Radar’s geofencing and trip tracking solutions automatically send orders placed through Olo to a restaurant’s kitchen when customers are nearing arrival, ensuring order freshness and minimizing customer wait times.

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Scope of the Report:

Geofencing Market Assessment—by Offering

SolutionsServicesDeployment & Integration ServicesSupport & Maintenance ServicesConsulting and Advisory ServicesAPI Management and Testing Services

Geofencing Market Assessment—by Type

Fixed GeofencingMobile Geofencing

Geofencing Market Assessment—by Connectivity Technology

Active GeofencingPassive Geofencing

Geofencing Market Assessment—by Organization Size

Large EnterprisesSmall & Medium-sized Enterprises

Geofencing Market Assessment—by End-use Industry

Transportation & LogisticFleet ManagementAsset MonitoringRoute OptimizationOther Transportation & Logistic ApplicationsRetail & Consumer GoodsMarketing and PromotionsIn-store NavigationInventory ManagementOther Retail & Consumer Goods ApplicationsHealthcarePatient Management and EngagementEmergency Response and ManagementOther Healthcare ApplicationsMedia & EntertainmentEvent Management and PromotionLocation-Based AdvertisingBehavior TrackingOther Media and Entertainment ApplicationsGovernment and DefenseSecurity and SurveillanceAccess ControlOther Government and Defense ApplicationsIndustrial ManufacturingWorkforce ManagementAsset Tracking and ManagementOther Industrial Manufacturing ApplicationsBFSICustomer Engagement and MarketingInsuranceOther BFSI ApplicationsOther End-use Industries

Geofencing Market Assessment—by Geography

North AmericaU.S.CanadaEuropeU.K.GermanyFranceSpainItalySwitzerlandPolandRest of EuropeAsia-PacificChinaJapanIndiaSingaporeSouth KoreaAustralia & New ZealandRest of Asia-PacificLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & Africa

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Location-based Services Market by Component, Technology (GNSS, GPS), Application (Navigation, Tracking), Location Type, End-use Industry (Government and Public Sector, Transportation & Logistics, Smart Cities), and Geography – Global Forecast to 2031 – https://www.meticulousresearch.com/product/location-based-services-market-5252

Asia-Pacific Location-based Services Market by Component, Technology (GNSS, GPS), Application (Navigation, Mapping, GIS), Location Type, End-use Industry (Transportation & Logistics, Retail & E-commerce), and Geography – Forecast to 2031 – https://www.meticulousresearch.com/product/asia-pacific-location-based-services-market-5784

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Artificial Casings Market Research Summary

Particulars

Details

Number of Pages

350

Format

PDF

Forecast Period

2024–2031

Base Year

2024

CAGR (Value)

23.6 %

Market Size (Value)

$12.7 Billion by 2031

Segments Covered

By Offering

SolutionsServicesDeployment & Integration ServicesSupport & Maintenance ServicesConsulting and Advisory ServicesAPI Management and Testing Services

By Type

Fixed GeofencingMobile Geofencing

By Connectivity Technology

Active GeofencingPassive Geofencing

By Organization Size

Large EnterprisesSmall & Medium-sized Enterprises

By End-use Industry

Transportation & LogisticFleet Management   Asset Monitoring   Route Optimization   Other Transportation & Logistic Applications   Retail & Consumer Goods     Marketing and Promotions   In-store Navigation   Inventory Management   Other Retail & Consumer Goods Applications   Healthcare     Patient Management and Engagement   Emergency Response and Management   Other Healthcare Applications   Media and Entertainment     Event Management and Promotion   Location-Based Advertising   Behavior Tracking   Other Media and Entertainment Applications   Government and Defense     Security and Surveillance   Access Control   Other Government and Defense Applications   Industrial Manufacturing     Workforce Management   Asset Tracking and Management   Other Industrial Manufacturing Applications   BFSICustomer Engagement and MarketingInsuranceOther BFSI ApplicationsOther End-use Industries

Countries Covered

North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Poland, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, South Korea, Australia & New Zealand, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and the Middle East & Africa (UAE, Israel, Rest of Middle East & Africa)

Key Companies

Bluedot Innovation (U.S.), Radar Labs, Inc. (U.S.), Infillion (U.S.), Mapsted Corp. (Canada), Geomoby Pty Ltd. (Australia), Esri (U.S.), LocationSmart (U.S.), Apple, Inc. (U.S.), GeoComply Solutions Inc. (Canada), Raveon Technologies (U.S.), PlotProjects B.V. (Netherlands), and IBM Corporation (U.S.).

Contact:
Meticulous Market Research Pvt.Ltd.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe: +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Meticulousblog.org | Top Market Research Reports Blog – https://meticulousblog.org/
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XCMG XCA4000 Achieves Milestone with Installation of World’s Tallest Hybrid Tower Wind Turbine

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December 26, 2024

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ORDOS, China, Dec. 26, 2024 /PRNewswire/ — A new chapter in green energy is unfolding in Inner Mongolia as XCMG’s independently developed 4,000-ton all-terrain crane, the XCA4000, takes center stage at the construction site of the Ordos Zero-Carbon Industrial Park. This enormous crane has become an integral part of the park’s 500MW integrated wind-solar-storage demonstration project, reinforcing its role in pioneering sustainable infrastructure.

The Ordos Zero-Carbon Industrial Park is a joint venture between the Ordos Municipal Government and Envision Technology Group, and stands as the world’s first fully operational zero-carbon industrial zone. It boasts a 100% green electricity supply, with 80% of the energy coming directly from clean sources such as wind, solar, and storage, and the remaining 20% sourced through grid-purchased green power.

The introduction of XCMG’s 4,000-ton crane marks a significant milestone in global energy transition. The XCA4000 is designed primarily for the installation of large wind turbines with hub heights of up to 190 meters tall and maximum power output of up to 15 MW. Powering the crane is a 566 kW Weichai diesel engine, and to help with maneuverability, all 11 axles on the 29.7-meter-long carrier are steered, with eight of them also driven. 

In its most recent operation, the XCA4000 lifted a 117-ton nacelle and drive train, along with 35-ton blades measuring 118 meters in length, to a height of 190 meters—the equivalent of a 60-story building. The XCA4000 performed flawlessly in executing each step of the process: lifting, rotating, aligning, and positioning, with remarkable efficiency and precision, earning acclaim from both the project owner and contractors.

“The 4,000-ton crane is easy to operate despite its 11-axle length,” said Mr. Yang, the crane’s operator who marveled at the crane’s flexible steering. “The multiple driving modes make steering exceptionally flexible. During installation of a 12.5 MW hybrid tower wind turbine, currently the tallest on land, it completed the two lifts in just over twenty minutes each.”

XCMG’s 4,000-ton crane is a testament to the company’s commitment to high-end, intelligent, and green solutions that serve the international market. By tackling the challenges of installing ultra-high-power wind turbines, XCMG continues to support the growing global green energy sector and demonstrates China’s dedication to environmental progress.

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iQIYI leads genre-specific storytelling with the return of its trend-setting ‘Light On Theater,’ featuring seven new suspense dramas

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December 26, 2024

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Five years on, the pioneering drama brand remains the benchmark for suspense

BEIJING, Dec. 26, 2024 /PRNewswire/ — iQIYI, China’s leading online entertainment platform, announced this month the return of its acclaimed “Light On Theater,” celebrating the fifth anniversary of this suspense-themed drama brand. Featuring seven new titles with star-studded casts and renowned production teams, the lineup is set to reinforce iQIYI’s leadership in suspense storytelling and highlight the success of its genre-driven model.

The new slate follows the distinctive style of “Light On Theater” with gripping narratives and rich character development as a lens to explore the depth of human nature. Highlights include the drama “Low IQ Crime,” which brings a fresh dark comedy element to the genre, and “Let Wind Goes By,” which premiered on Dec. 26 and breaks new ground as one of the first suspense series set in Northwest China as it follows two generations of police officers entangled in a complex web of relationships. The lineup also features “A Life for a Life,” a compelling prison drama exploring the dynamic between a detention officer and an escaped convict. Other anticipated titles include “Drifting Away,” “Dead End,” “Breaking the Shadows” and “Justifiable Defense.”

Since its launch in 2020, “Light On Theater” has emerged as one of China’s first and most influential drama brands, offering a curated collection of premium suspense series. The label’s breakout hit “The Bad Kids” debuted that same year and quickly became a cultural phenomenon. The series earned critical acclaim and dominated social media conversations, setting a new benchmark for Chinese suspense storytelling with its masterful pacing and nuanced exploration of social issues. This pioneering success has sparked a surge in high-quality suspense productions across the industry that continues today, helping establish suspense as one of the most sought-after genres in Chinese entertainment.

“Our dedication to premium suspense content has created an incredibly engaged viewer base, with high-quality productions driving strong user retention,” says Ying DAI, iQIYI senior vice president and head of “Light On Theater.” “We continuously innovate our content possibilities and boldly push the boundaries of storytelling within the genre, consistently surpassing audience expectations.”

Building on the success of “Light On Theater,” iQIYI has expanded its genre-based approach with “Love On Theater” for romance and “Laugh On Theater” for comedy series, both of which have been well-received by audiences. This year’s launch of “Dajia Theater,” meaning “master of literature,” and “Weichen Theater,” meaning “tiny dust,” which focus on literary adaptations and innovative mini-series respectively, further demonstrates iQIYI’s commitment to serving diverse audience preferences while maintaining premium production standards across genres.

Global recognition

“Light On Theater” has also gained overseas recognition for its premium content, becoming increasingly popular among global audiences in addition to traditional genres like fantasy period dramas.

Standout series “The Bad Kids” and “The Long Night” won consecutive awards at the Asia Contents Awards (ACA) of the Busan International Film Festival, while “Why Try to Change Me Now” marked a milestone last year as the first Chinese-language series to be selected for the Berlinale Series.

The strong reception in overseas markets demonstrates how iQIYI’s meticulously crafted stories resonate with audiences through their universal themes of human nature. Notably, “The Bad Kids” was adapted into a local version in Japan in 2024, highlighting its widespread appeal.

CONTACT: iQIYI Press, press@qiyi.com

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SOURCE iQIYI

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Japan Global Innovators’ Forum 2025

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December 26, 2024

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The annual meeting is returning for its second year after a successful inaugural event in 2024

TOKYO, Dec. 26, 2024 /PRNewswire/ — Tokyo-based global media agency Pacific Bridge Media and Consulting Inc. (PBMC) is pleased to announce that the 2nd annual Japan Global Innovators’ Forum (JGIF) will be held in March 2025. PBMC’s solutions-focused multilingual news service J-Stories will co-host the event with the Mainichi national daily’s startup accelerator, Mainichi Future Creation Lab.

Innovative Japanese and international startups with global ambitions will gather in the heart of Tokyo on March 13, showcasing the solutions they offer to address the world’s biggest social and environmental challenges. A panel of industry experts will assess their growth potential both in Japan and abroad at the cross-border pitch event.

Participating startups in the 2025 event will include not only Japanese startups aiming to expand into global markets, but also ambitious inbound Asian startups that are taking on the challenge of solving some of Japan’s critical problems — such as its aging population and rural depopulation.

The categories to be focused on are Age Tech, Health Tech, Mobility, and Green Energy. There will also be special sessions featuring East Asian startups as well as Japan’s regional startups.

Organizers hope that the event will provide practical opportunities for participating entrepreneurs to meet potential partners and supporters in Japan and overseas, including venture capitalists and corporate venture capitalists, among other startup ecosystem players.

Details of the event will be unveiled on a special page in J-Stories by the end of January.

The inaugural Japan Global Innovators’ Forum, a pioneering English-language startup event that promoted dialogue between innovators in Japan and their potential supporters overseas, was held in March of this year at the Tokyo Innovation Base in central Tokyo and live-streamed globally. The event highlighted Japan-based social entrepreneurs aiming to scale globally while offering solutions to social and environmental challenges commonly shared across the world.

Event report: https://jstories.media/article/jgif-event-release

[Event Overview]

“2nd Japan Global Innovators’ Forum”

Date: Thursday, March 13, 2025

Time: 1-6 p.m. (Subject to change), followed by a networking event

Venue: Mainichi Hall (Located on a basement floor of Palaceside Building in Takebashi, Tokyo)

https://www.mai-b.co.jp/index-en.html

Language: English 

Organizers: J-Stories/Pacific Bridge Media and Consulting; Mainichi Future Creation Lab

Focus Categories (Expected) :

Age TechHealth TechMobilityGreen EnergySpecial sessions (featuring Japan’s regional startups and East Asian startups) 

CONTACT:
PACIFIC BRIDGE MEDIA AND CONSULTING
Editorial department：Toshi Maeda (Executive Editor)・Takanori Isshiki (Deputy Executive Editor)・Anita De Michele (Editorial Coordinator)
Email：info@pacificbridge.jp
Phone：+81- 50-5527-0955

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SOURCE PACIFIC BRIDGE MEDIA AND CONSULTING

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