Mobile is a unique device which is handy and is always at customer’s arm reach. According to the June 2022, Mobile Users’ Statistics, around 83.72% of world’s population owns a smartphone. In total, the number of people owning smart and feature phones are around 91.54% of world’s population. With a boom in the number of Mobile Phone users, the concept of Mobile Marketing is gaining more momentum. However, Mobile is a challenging marketing channel to target and master. As a result of this, the technologies providing location-based marketing facilities such as Geofencing, are becoming popular.
Mobile Marketing has become a breakthrough in the field of marketing due to rapid advancement in technology and an increased use of handheld devices. It is heading towards more contextual and relevant targeting as companies are adopting more consumer behavior specific approaches to get increased market share.
What is Geofencing?
Geofencing provides location-based services to the companies so that they can plan their mobile marketing activities, accordingly. This technology is helping the marketers to collect information on; when a customer enters or leaves a specific geographical location. Marketers target the customers on the basis of this information. They then use this information to engage app users. Geofence, is therefore, the virtual fence around a real location and it can be of any shape and size.