NEW YORK, Jan. 3, 2022 /PRNewswire/ — 39{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} of the growth will originate from North America for the geofencing market. The US and Canada are the key markets for geofencing in North America. Market growth in this region will be faster than the growth of the market in Europe and South America. The growing penetration of smartphones and an increase in social media networking and mobile-based advertising will facilitate the geofencing market growth in North America over the forecast period. The geofencing market size is expected to increase by USD 2.21 billion from 2020 to 2025, registering a CAGR of 23.96{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} according to the latest research report from Technavio. Geofencing market is expected to record 23{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} Y-O-Y of growth…