Global Beacon Market 2019-2025 Ongoing Trends and Business Growth Analysis-Apple, Inc.,Dell Technologies Inc.,Hewlett Packard Enterprise Company


Posted March 25, 2019 by envisionenvi

The global beacon market value $629.6 Million in 2018 and it is witnessing to reach up to $14,894.6 Million by 2025 with a CAGR of 62% during the forecast period 2019-2025.

 
The study presented here is based on a report by Envision Inteligence (EI) titled “Beacon Market (By Type, By Application, By Technology& By Geography) - Market Industry Analysis, Segmentation, Size, Share, Growth, Trends and Forecast 2019 – 2025”. According to the global Beacon market report, the global Beacon market size was valued at $1,296.137 million in 2017 and is expected to reach $40,042.1million by 2025. Global Beacon market forecast during 2019-2025 is expected to grow with a CAGR of 52.55%.
Introduction:
Beacon is a low expensive wireless device that transmits signals using Bluetooth low energy or Bluetooth smart technology. Mobile applications which support Bluetooth can communicate signals from beacons in proximity area and helps to transfer files in various sectors like promotional notification, coupon, video, URL form, and others via the application. Also, beacon technology is widely being adopted in various sectors such as retail, healthcare, travel & tourism, and education which leads to benefits of a high degree of accuracy compared to other geo-location technology.This also will have a low impact on the device battery life and doesn't require as it communicates through Bluetooth and others.
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INCREASE IN PROXIMITY MARKETIS EXPECTED TO GROWGLOBAL BEACON MARKET SHARE:
Proximity marketing target the potential customers with personalised advertisements based on the customer location to attract the customer for purchase. Over the recent years, proximity marketing witnesses an increasing investment due to several factors such as the high possibility of conversion of successful sales, improved customer relationship, boosted personalised experience, real-time and inexpensive nature as compared to traditional marketing. Moreover, the increase in mobile penetration boosts the growth of proximity marketing as consumer buying habits have undergone a substantial change in recent years.
IBEACON SEGMENT IS ACCOUNTEDFOR DOMINANT SHARE IN BEACON MARKET IN 2017:
Regarding type, the market is segmented into IBeacon, Eddy stone,AltBeacon and others. Among these, IBeacon sector plays a vital role in the market.iBeacon is a protocol developed by Apple and introduced at the Apple Worldwide Developers. It is a wireless technology that helps provide more accurate location-information with higher precision compared to GPS, NFC and Wi-Fi. Thisdevice helps in transmitting small amounts of data using the Bluetooth technology up to 50 meterswhich tend to increase in demand for Beacon market share.
ASIA PACIFIC IS HAVING THE LARGEST MARKET SHARE IN THE GLOBAL BEACON MARKET:
The Asia Pacific beacons market is expected to witness significant growth owing to the high potential applicability of beacons in the retail sector. China, India, and Japan are the emerging countries which play a crucial role in Beacon market. The increasing adoption of Beacon in the manufacturing sector is boosting the regional market growth. Moreover, Beacons are primarily used in cameras, LED lightings, point of sale (POS) devices, digital signage, and vending machines. This tends to the high adoption and establishments of the Bluetooth Beaconmarket manufacturers in this region led to enhance the market growth during the forecast period.
The Beacon market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
By Type:
• iBeacon
• Eddystone
• AltBeacon
• Others
By Technology:
• Bluetooth Low Energy (BLE)
• Wi-Fi
• Ultrasound
• Combined Technology
• Other
By Application:
• Retail
• Travel, tourism & hospitality
• Healthcare
• BFSI
• Real Estate
• Education
• Others
The global Beacon market research provides an in-depth and full analysis of the key technological and product development aspects for all the key companies operating in the market in each region.
Key Players:
• Advanced system, SLU
• Apple Inc.
• Bluecats
• Blue Sense Networks
• Estimote, Inc.,
• Gelo
• Glimworm Beacons,
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Categories Technology , Telecom , Wireless
Tags global beacon market , global beacon market growth , global beacon market report , global beacon market share , global beacon market size , global beacon market trends
Last Updated March 25, 2019