Beacon Technology Market is Expected to be Dominated by North America Region Until 2028
Increasing penetration of internet of things (IoT) devices
and rising adoption of communication technologies are expected to drive the Global
Beacon Technology Market during the forecast period of 2024-2028.
According to TechSci Research report, “Beacon Technology Market
– Global Industry Size,
Share, Trends, Opportunity, and Forecast. 2018–2028”, the Global Beacon
Technology Market is anticipated to register a robust growth during the
forecast period, 2024-2028 due to the factors such as the rising
adoption and popularity of advanced communication technologies such as
Bluetooth, Wi-Fi, NFC (near-field communication), RFID (radio-frequency
identification), and others. The increasing demand for beacon-enabled devices
utilizing Bluetooth 5.2, Bluetooth 5, and Bluetooth 4 in all sectors including
transportation, logistics, entertainment, and more, is expected to boost their
adoption during the projected period.
Moreover, beacons are
being used in smart city projects by different central and state governments to
enhance the security of infrastructure assets by enabling increased interaction
with users within their proximity zone. As smart cities continue to grow
globally, beacons are expected to see increased deployment during the forecast
period. Furthermore, the use of beacons is growing due to the rising
technological advancements in information technology and electronics, which
result in the development of Global Beacon Technology Market.
Additionally, governments
are implementing beacons as a safety measure in public places. AI and ML
coupled with Bluetooth-enabled low-energy beacons will create increased
opportunities for the market players. For instance, plans to introduce a
wearable Bluetooth tracking device to support workplace-level safety.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on "Beacon Technology Market”
Global Beacon Technology Market is
segmented based on protocol type, organization size, component, connectivity
type, deployment, end use, and region. Based on protocol type, the market is
segmented into iBeacon, Eddystone, AltBeacon, GeoBeacon, and others. Based on
organization size, the market is segmented into small & medium enterprises
and large enterprises. Based on component, the market is segmented into
hardware, software, and services. Based on connectivity type, the market is
segmented into Bluetooth Low Energy (BLE), Wi-fi, and hybrid. Based on
deployment, the market is segmented into indoor and outdoor. Based on end use,
the market is segmented into retail, healthcare, travel & tourism,
education, real estate, digital advertising, and others.
Based on prototype type, iBeacon is the
dominating segment in Global Beacon Technology Market in 2022 since iBeacon is
one of the most important technology advancements in recent years and is
swiftly spreading throughout the app development industry. Smartphones can use
iBeacon in conjunction with an application as an indoor locating system to assist
them establish their general location or context. A smartphone's software can determine
its location in relation to an iBeacon at a store with the aid of an iBeacon.
With beacons, brick and mortar retailers may accept mobile payments through
point-of-sale systems and offer customers exclusive promotions through mobile
marketing.
Based on deployment, the outdoor segment
is expected to dominate the global Beacon Technology market because the demand
for beacon is exponentially increasing in the smart city projects across
various countries such as India, China, and others. Moreover, beacons mostly
preferred to be deployed in public places to provide improved city promotions, location-based
services, and other activities.
Based on connectivity type, Bluetooth
Low Energy (BLE) is expected to grow at a high CAGR during the forecast period because
Bluetooth Low Energy (BLE) can drastically reduce energy usage compared to the
original Bluetooth. Also, because to its unique construction, it is possible to
periodically convey small amounts of short-range data. Low-energy Bluetooth
technology has the benefit of being simple to deploy. Moreover, Bluetooth Low
Energy (BLE) is economical, offers a significant improvement in battery life,
and uses about half as much energy as standard Bluetooth.
Major market players
operating in the Global Beacon Technology Market are:
- Accent Advanced
Systems, SLU.
- Kontakt.io Inc.
- Estimote, Inc.
- Apple Inc.
- Gimbal, Inc.
- Hewlett Packard
Enterprise Development LP
- Sensorberg GmbH
- IBM India Private
Limited
- Cisco Systems, Inc.
- HID Global
Corporation.
Download Free Sample Report
Customers can also request for
10% free customization on this report.
“As a result of growing digitalization
and the adoption of smart devices, it is predicted that the Global Beacon
Technology Market will expand over the course of the forecast period.
Additionally, it is projected that the concept of "smart cities" and
the growing need for and acceptance of smart gadgets would be significant
growth drivers for the Global Beacon Technology Market. The increased demand
for beacons from the transportation and logistics sector due to their features
like real-time tracking, etc., is another factor anticipated to support the
growth of the Global Beacon Technology Market throughout the projected period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Beacon Technology
Market- Global Industry Size, Share, Trends, Opportunities, and Forecast
2018-2028, Segmented By
Protocol Type (iBeacon, Eddystone, AltBeacon, GeoBeacon and Others), By
Organization Size (Small & Medium Enterprises, Large Enterprises), By
Component (Hardware, Software, Services), By Connectivity Type (Bluetooth Low
Energy (BLE), Wi-fi, Hybrid), By Deployment (Indoor and Outdoor), By End Use
(Retail, Healthcare, Travel & Tourism, Education, Real Estate, Digital
Advertising and Others), By Region, Competition”, has evaluated the future growth
potential of global Beacon Technology market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Beacon Technology Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com