The global Beacon Technology Market is forecasted to be worth USD 35.15 Billion by 2027, according to a current analysis by Emergen Research. The beacon technology market is anticipated to grow substantially owing to the growing Internet of Things technology penetration, increasing investments in proximity marketing, and rising demand for sensor-based devices in different industries. The growth in organized retail stores provides the players functioning in the beacon technology market with sufficient growth prospects. With the support of government organized retail outlets are growing substantially, such as supermarkets, department stores, and hypermarkets, which is expected to fuel the market growth shortly.
In April 2020, Estimote Inc. has implemented its technical expertise to create a new device named “Proof of Health”, specially designed to reduce the COVID-19 spread. The company has introduced a unique variety of wearables that can improve employees' safety for those who need to be co-located in a workplace environment, while measures of social distance and physical isolation are in place.
Attributed to the increasing implementation of cloud-enabled low-energy Bluetooth networks, the high cost of network systems, and the complicated implementation & maintenance of such networks, the cloud segment is anticipated to dominate the market with a CAGR of 44.5% during the forecast period.
The increasing IoT penetration and growing government initiatives to improve the retail industry are driving the demand for the market.
Beacon Technology Market Size – USD 2.10 Billion in 2019, Market Growth - CAGR of 44.1%, Market Trends – The rise in the adoption of advanced operational technology in several industries.
Get a sample of the report:
https://www.emergenresearch.com/request-sample/233
Key participants include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Radius Networks Inc., Kontakt.io, Swirl Networks, Inc., and Estimote Inc., among others.
Attributed to the increasing implementation of cloud-enabled low-energy Bluetooth networks, the high cost of network systems, and the complicated implementation & maintenance of such networks, the cloud segment is anticipated to dominate the market with a CAGR of 44.5% during the forecast period.
Deployment Outlook (Revenue, USD Billion; 2017-2027)
Cloud
On-premises
Platform Outlook (Revenue, USD Billion; 2017-2027)
Eddystone
iBeacon
AltBeacon
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Healthcare
Real-estate
Aviation
Banking
Hotels
Retail
Education
Others
Key questions addressed in the report:S
What market size is the global Beacon Technology market expected to reach over the forecast period?
Which leading players are operating in the global Beacon Technology market?
Which factors are expected to hamper global market growth throughout the forecast period?
Which key factors are expected to driver global Beacon Technology market during the forecast period?
Which application segment is expected to register fastest revenue CAGR over the forecast period?
Which region is expected to register fastest revenue CAGR between 2021 and 2028?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
Highlights of the TOC:
Report Overview
Research Scope
Key Beacon Technology market segments
Major players
Market analysis by product
Market analysis by application
Report timeline
Global Growth Trends
Global Beacon Technology market size
Latest Beacon Technology market trends
Key growth trends
Competitive Landscape
Global Beacon Technology market key players
Global Beacon Technology size by manufacturers
Products of major players
Entry barriers in the Beacon Technology market
Mergers, acquisitions, joint ventures, and strategic alliances
Request a discount on the report:
https://www.emergenresearch.com/request-discount/233
By Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Radical Highlights of the Beacon Technology Market Report:
Comprehensive overview of the Beacon Technology market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Beacon Technology market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
The Global Beacon Technology Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Read More:
https://www.emergenresearch.com/industry-report/beacon-technology-market
About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs
