The global beacons market is anticipated to reach USD 31.61 billion by 2026, with a promising CAGR of 48.9% within the forecast period of 2019 to 2026. This is attributable to the increasing adoption of advanced communication technologies worldwide. Techno giants such as Google LLC. and Apple, Inc. has created its own beacon protocol viz., Eddystone and iBeacons for operating as per customer’s requirements. Such innovations by major industries are likely to help augment the global beacons market size in the forecast period.
Fortune Business Insights™ provides a comprehensive overview of the beacons market in their recently published report titled, “Beacons Market Size, Share & Industry Analysis, By Component (Hardware and Platform / Software Development Kit (SDK)), By Connectivity Type (Bluetooth Low Energy (BLE), Wi-Fi, Hybrid and Others), By Deployment (Indoor and Outdoor), By End-use (Residential and Commercial) and Regional Forecast, 2019-2026”.
As per the report, the market value was USD 1.36 billion in 2018. Additionally, the report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other beacons market trends. The report is available for sale on the company website.
Major industry developments of the beacons market include:
June 2017 – A hybrid asset tracking solution was launched by Aruba Networks, Inc. This solution is based on the Internet of Things (IoT) and is developed for integration in wireless platforms of the network.
October 2018 – Beacons equipped with Over the Air (OTA) technology was launched by BlueCats. These advanced beacons are expected to provide the AES Encryption module as they are enabled with PLUS Location Engine for forwarding data to the cloud so that the platform can run automatically.
Key Beacon market manufacturers include:
• Blue Sense Networks
• Aruba Networks, Inc.
• Gelo, Inc.
• Accent Advanced Systems, SLU.
• Glimworm Beacons
• Estimote, Inc.
• Sensorberg GmbH
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