Global Beacon Market Worth $ 45.59 Billion by 2025 | CAGR: 89.76%

Factors such as recent developments in the electronics and information technology including Internet of Things are likely to contribute towards the overall beacon market growth.

MUMBAI, India, Nov. 28, 2017 /PRNewswire-iReach/ -- According to a new market research report published by Global Market Estimates, the beacon market is expected to grow at a CAGR of 89.76% from 2017 to 2025 to reach USD 45.59 billion by 2025. Evolving IoT infrastructure and increasing investments in proximity solutions are expected to increase demand for beacons over the coming years.

The retail sector is expected to observe a high demand for beacons in order to attract proximate customers to outlets by pushing promotional material to Bluetooth enabled smartphones. Some of the major retailers such as Target, Macy's, and Urban Outfitters, Inc. have adopted beacon technology for proximity marketing.

Browse 182 Market Data Tables and 33 Figures spread through 154 Pages and in-depth TOC on "Beacon Market - Forecast to 2025" https://www.globalmarketestimates.com/global-smart-beacon-market/

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Key Market Insights

  • The large influence of promotional media on retailers is projected to boost demand for beacons
  • Customers often seek personalized or customized solutions and in-store experiences from brick-and-mortar retail outlets
  • Eddystone has advantages such as open format & flexibility coupled with integration with Google products
  • Beacon technology is expected to play a vital role in museums, airports, airlines, banks, financial institutes, hotels, and homes
  • The demand for beacons in healthcare segment is projected to increase as it helps in queue management and staff communication
  • Some of the companies using beacon technology include Miami International Airport, Hong Kong International Airport, Hamad International Airport, Chhatrapati Shivaji International Airport, and Tokyo Haneda Airport among others
  • North America is anticipated to account for a considerable revenue share owing to growing number of organized retails outlets and IoT adoption across the region
  • The growing disposable income in the Asia Pacific region is expected to boost demand for beacons in the retail, hospitality, BFSI, and healthcare sector
  • Major players in the beacon market are BlueCats, Gimbal, Inc., Kontakt.io, Inc., Estimote, Inc., Apple Inc., Aruba, Gelo Inc., Blue Sense Networks, Sensorberg GmbH, Glimworm Beacon, Accent Advanced Systems, SLU., Onyx Beacon Ltd., and Bluvision, Inc. among others
  • In July 2015, Google launched Eddystone, the company's Bluetooth Low Energy beacon
  • In September 2017, Target adopted Bluetooth beacon technology that facilitates indoor mapping with the store to locate products

Browse the Beacon Market Report @: https://www.globalmarketestimates.com/global-smart-beacon-market/

Technology Outlook (Volume: Million Units, Revenue: USD Million, 2015 - 2025)

  • iBeacon
  • Eddystone
  • AltBeacon
  • GeoBeacon
  • Others

Organization Size Outlook (Volume: Million Units, Revenue: USD Million, 2015 - 2025)

  • Small & Medium Enterprises
  • Large Enterprises

Application Outlook (Volume: Million Units, Revenue: USD Million, 2015 - 2025)

  • Retail & Commercial
  • Museums
  • Healthcare
  • Building & Infrastructure
  • Airports & Airlines
  • Banking
  • Hospitality
  • Automotive
  • Others

Regional Outlook (Volume: Million Units, Revenue: USD Million, 2015 - 2025) 

North America

  • U.S.
  • Canada
  • Mexico 

Europe

  • Germany
  • U.K.
  • France 
  • Spain
  • Italy

Asia Pacific

  • China
  • India
  • Japan
  • Australia 

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • UAE

Central & South America

  • Brazil
  • Argentina

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2017

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Airlines & Aviation, Retail, Supermarkets, Computer Electronics, Electronic Commerce, Travel Industry



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