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Bluetooth Beacons Market Study by Price, Revenue and Gross Margin Analysis by 2025

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Viraj Patil

04th Dec 2020 - Global Bluetooth Beacons Market is anticipated to reach USD 58.7 billion by 2025. Bluetooth beacons are becoming progressively trendy across businesses as they are simple deploy models and cost-effective. Bluetooth beacons are deployed by businesses to send information and content, which are contextually appropriate, to users at exact sites.

The factors that propel the growth of the Bluetooth Beacons industry include surge in planned retailing such as supermarkets, hypermarkets, specialty stores, cash and carry stores, discounters, and department stores; high demand from ground transit hubs and airports as they allow the distribution of immediate notifications regarding flight departures, delays, and platform and gate information to customers.

On the other hand, there are factors that may hamper the growth of the market including a lack of scalability, and rising concerns concerning security and privacy. Bluetooth Beacons Market is anticipated to grow at a significant CAGR of 95.3% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Bluetooth Beacon Technology Outlook (Revenue, USD Million; 2014 - 2025)

  • iBeacon
  • Eddystone
  • Others

Bluetooth Beacon End-Use Outlook (Revenue, USD Million; 2014 - 2025)

  • Retail
  • Travel & tourism
  • Healthcare
  • Financial institutions
  • Others

Some of the key players that fuel the growth of the Bluetooth Beacons industry comprise Kontakt.io, Estimote, Inc., BlueCats, Quuppa Oy, Qualcomm Inc., Blesh, Beaconinside GmbH, Radius Networks, Inc., Bluvision, Inc., Onyx Beacon Ltd., and Polestar. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

 

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Bluetooth Beacons Regional Outlook (Volume, Million Units; Revenue, USD Million; 2014 - 2025)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

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Viraj Patil
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