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 economic slowdown and dynamic changes in the demands will further affect the growth of the industry. Due to its several advantages, such as improving customer experience by providing interactive guides, sharing multi-language information and tips, and special offers, the retail segment is expected to dominate the market throughout the forecast period 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 report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments .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 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. The high configuration costs and security problems are likely to hamper the growth of the market.The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Beacon Technology market. Leading to AltBeacon's significant advantages, such as various vendor IDs and beacon codes, the AltBeacon segment is expected to hold the largest market over the forecast timeframe. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market.The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Beacon Technology market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities. 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.
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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.
Emergen Research has segmented the global Beacon Technology Market on the basis of deployment, platform, technology end-use, and region:
Deployment Outlook (Revenue, USD Billion; 2017-2027)
Cloud
On-premises
Platform Outlook (Revenue, USD Billion; 2017-2027)
Eddystone
iBeacon
AltBeacon
Technology Outlook (Revenue, USD Billion; 2017-2027)
Wi-Fi
Bluetooth Low Energy
Ultrasound
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Healthcare
Real-estate
Aviation
Banking
Hotels
Retail
Education
Regional Overview:
The global Beacon Technology market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Beacon Technology market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key Questions Answered in the Report:
What is the growth rate of the Beacon Technology market? What is the anticipated market valuation of Beacon Technology industry by 2027?
What are the key growth driving and restraining factors of the Beacon Technology market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Beacon Technology industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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Market Taxonomy:
Chapter 1: Methodology & Scope
Chapter 2:
Executive Summary
Chapter 3:
Industry Insights
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
Read More: https://www.emergenresearch.com/industry-report/beacon-technology-market
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