Beacon Technology Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027
Research Reports
Jan 19, 2021
Market Size – USD 2.10 Billion in 2019, Market Growth – CAGR of 44.1%, Market Trends – The rise in the adoption of advanced operational technology in several industries.
The beacon technology market is anticipated to grow substantially owing to the growing Internet of Things technology penetration, increasing investments in proximity marketing, and rising demand for sensor-based devices in different industries. The growth in organized retail stores provides the players functioning in the beacon technology market with sufficient growth prospects. With the support of government organized retail outlets are growing substantially, such as supermarkets, department stores, and hypermarkets, which is expected to fuel the market growth shortly.
Due to the rising popularity of Wi-Fi due to its advantages such as interconnectivity, improved customer privacy, and enhanced proximity detection, the Wi-Fi segment accounts for the largest market in the beacon technology market over the forecasted period.
Due to its several advantages, such as improving customer experience by providing interactive guides, sharing multi-language information and tips, and special offers, the retail segment is expected to dominate the market throughout the forecast period.
Due to the presence of supermarket giants such as Walmart, Kroger, and Tesco in this region, the North America region held the largest market throughout the forecast timeframe. Due to increasing government support to strengthen the retail business, the Asia Pacific region is anticipated to grow substantially.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Radius Networks Inc., Kontakt.io, Swirl Networks, Inc., and Estimote Inc., among others.
Deployment Outlook (Revenue, USD Billion; 2017-2027)
Cloud
On-premises
Platform Outlook (Revenue, USD Billion; 2017-2027)
Eddystone
iBeacon
AltBeacon
Technology Outlook (Revenue, USD Billion; 2017-2027)
Wi-Fi
Bluetooth Low Energy
Ultrasound
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Healthcare
Real-estate
Aviation
Banking
Hotels
Retail
Education
Others
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Table of Content
Chapter 1. Methodology & Deployments
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Deployments
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Deployments
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Beacon Technology Market Segmentation & Impact Analysis
4.1. Beacon Technology Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing IoT pentration
4.2.2.2. Growing government initiatives to improve retail idustry
4.2.2.3. Rising adoption of advanced operational technology
4.2.3. Market restraints analysis
4.2.3.1. High setup cost
4.2.3.2. Lack of security
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Beacon Technology Market By Deployment Insights & Trends Revenue (USD Billion)
5.1. Deployment Dynamics & Market Share, 2019 & 2027
5.1.1. Cloud
5.1.2. On-premises
Continue…
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