Smart Beacon Market -Overview
The rising need for outdoor navigation tools is predicted to spur the smart beacon market 2020. The chipset and processors industry reports are produced by Market Research Future, which focusses market possibilities for development. A CAGR of 54% is foreseen to earn income worth USD 25000 million in the projected period.
The necessity for low-energy Bluetooth technology to transmit signals to proximate smart devices is predicted to induce the smart beacon market share. The escalating demand from retail outlets, offices and airports for smart beacons is estimated to further stimulate the smart beacon market companies in the forecast period.
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Segmental Analysis
The segmental study of the smart beacon market has been conducted on the basis of connectivity type, end user, beacon standard, component, and region. Based on the components, the smart beacon market has been segmented into service, hardware and software. On the basis of connectivity types, the smart beacon market has been segmented into Wi-Fi, Bluetooth low energy (BLE), and hybrid. Based on the beacon standard, the smart beacon market has been segmented into Eddystone, iBeacon, and others. By the end user, the smart beacon market has been segmented into aviation, education, transportation & logistics, healthcare, BFSI, retail, hospitality, automotive, and others. On the basis of region, the smart beacon market has been segmented the Middle East, North America, Europe, Asia-Pacific, Africa, Central and South America.
Detailed Regional Analysis
The regional scrutiny of the smart beacon market is segmented into the Middle East, North America, Europe, Asia-Pacific, Africa, Central and South America. The smart beacon market is estimated to develop at a substantial rate for the duration of the forecast period. The European regional market accounted for the leading market stake in 2018 as firms in this region are approving technologically progressive marketing platforms to attain the shares in the particular markets. The North American region holds the second biggest market stake as this region is believed to be the initial adopter of this technology. The regional market of the Asia Pacific is anticipated to be the speediest growing region due to the mounting traction of the beacon technology in the nations such as Australia and China.
Competitive Analysis
The growth restraints of the market are foreseen to be momentous and will need to be neutralized to unlock favorable development in the market. The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period. The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the approaching years. The conundrum present in the global market relating to the fundamental assets of the corporations is being optimized to fair the existing pandemic more successfully. The declining effects evident in the market globally are anticipated to stay for the foreseeable future to the scale of impact on the worldwide market. The necessity for tactful analysis of the market cues and demand projections is anticipated to lead to a robust expansion in the market.
The formidable contenders in the smart beacon market are Bluvision-HID Global Company (US), Leantegra Inc. (US), BlueUp Srls (Italy), Bleesk Benelux Sprl (Spain), Gimbal, Inc. (US), Accent Advanced Systems, SLU (Spain), Swirl Networks (US), Estimote, Inc. (US), Aruba-Hewlett Packard Enterprise Company (US), Kontakt.io (Poland), Cisco Systems Inc. (US), Sensoro Co., Ltd (US), JAALEE Technology (China), Blue Cats (Australia), Square Metrics GmbH (Germany), Radius Networks Inc. (US), Resono (Netherlands) among others.to name a few.
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Smart Beacon Market A new market study, titled “Smart Beacon Market ” has been featured on Market Research Future.More Information@ https://www.marketresearchfuture.com/reports/smart-beacon-market-8181According to Market Research Future, the global smart beacon market has been segmented on the basis of beacon standard, connectivity type, component, end user, and region.Smart beacons are easily scalable and have improved logistics operations with asset tracking, leading to improvements in capacity sensing, planning, reporting, and fault detection.
Magnetic beacons and receiver with magnetic sensors are mostly adopted for a wide range of indoor events and applications such as pedestrian and robot navigation.
For instance, during the preparations for the 2018 World Cup, the Russian Railways partnered with Navigine, a provider of software tools for mobile developers, and Kontakt.io, a provider of proximity technologies, to use Kontakt.io’s Bluetooth low-energy beacons, with smartphone sensors, accelerometers, gyroscopes, barometers, and magnetometers, and Navigine’s app to determine the user’s position in the station down to 1 meter.
The app also incorporated relevant information like train schedules, platforms numbers, locations, and ticket purchasing capabilities.
The global smart beacon market has been segmented on the basis of beacon standard, connectivity type, component, end user, and region.On the basis of beacon standard, the market has been segmented into iBeacon, Eddystone, others.
The Eddystone beacon standard is projected to show the highest CAGR during the forecast period owing to enhanced and a number of new features as compared to iBeacon standard.
Market OverviewThe rising need for outdoor navigation tools is predicted to spur the smart beacon market 2020.
The chipset and processors industry reports are produced by Market Research Future, which focusses market possibilities for development.
The escalating demand from retail outlets, offices and airports for smart beacons is estimated to further stimulate the smart beacon market companies in the forecast period.Segmental AnalysisThe segmental study of the smart beacon market has been conducted on the basis of connectivity type, end user, beacon standard, component, and region.
The European regional market accounted for the leading market stake in 2020 as firms in this region are approving technologically progressive marketing platforms to attain the shares in the particular markets.The North American region holds the second biggest market stake as this region is believed to be the initial adopter of this technology.
The regional market of the Asia Pacific is anticipated to be the speediest growing region due to the mounting traction of the beacon technology in the nations such as Australia and China.Competitive AnalysisThe growth restraints of the market are foreseen to be momentous and will need to be neutralized to unlock favorable development in the market.
The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period.
smart beacon marketThe global smart beacon market is expected to grow from USD 1,240.0 million in 2018 to USD ~25,000.0 million by 2025, at a CAGR of ~54% during the forecast period.
Since a few years, the rapid advances in information and communication technology has encouraged people to install intelligent appliances that have the capability to transmit information between connected devices in their homes.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8181Also, in organizations, smart beacons give automatic notifications when an unauthorized person tries to enter a restricted or dangerous zone.
In larges venues or places like stadiums or theatres, smart beacons can increase service efficiency and reduce queuing time as it can activate timely messages regarding refreshments and location, thereby improving the consumer experience and increase their engagement.
Thus, there is an opportunity to use smart beacons to increase sales of value-added products, such as popcorn at a cinema and refreshments at a stadium.Key playersThe key players in the smart beacon market are Estimote, Inc. (US), Aruba-Hewlett Packard Enterprise Company) (US), Kontakt.io (Poland), Cisco Systems Inc. (US), Bluvision-HID Global Company) (US), Leantegra Inc. (US), Gimbal, Inc. (US), Accent Advanced Systems, SLU (Spain), Swirl Networks (US), and Sensoro Co., Ltd (US).Other prominent players studied for the Smart Beacon Market are Blue Cats (Australia), JAALEE Technology (China), Square Metrics GmbH (Germany), BlueUp Srls (Italy), Bleesk Benelux Sprl (Spain), Radius Networks Inc. (US), Resono (Netherlands) among others.Regional AnalysisThe global smart beacon market is projected to grow at a significant rate during the forecast period from 2019 to 2025.
Europe dominates the global smart beacon market as smart beacons are being implemented by many hospitals to enable better asset tracking, improve information flow to the hospital staff, enhance equipment utilization, and increase the overall quality of medical services.
Also, many startups are making use of smart beacons for various applications.
Smart Beacon market was valued at 1090 Million US$ in 2018 and is projected to reach 40200 Million US$ by 2025, at a CAGR of 57.0% during the forecast period.
A Smart Beacon is a small Bluetooth radio transmitter.Its kind of like a lighthouse: it repeatedly transmits a single signal that other devices can see.
Instead of emitting visible light, though, it broadcasts a radio signal that is made up of a combination of letters and numbers transmitted on a regular interval of approximately 1/10th of a second.
A Bluetooth-equipped device like a smartphone can see a beacon once its in range, much like sailors looking for a lighthouse to know where they are.Europe held the largest share of the smart beacon market in 2017 owing to the high traction of the beacon technology and growing need for technologically advanced marketing platforms among the end users to capture the shares in the respective markets.
Further, the market is still in a nascent stage in this region and has a lot of potential.
This report presents the worldwide Smart Beacon market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
