Factors such as growth in need for technologically advanced platform to manage multiple beacons installed by the retailers or particular company, rise in adoption of beacons across various industries, increase in awareness about the proximity marketing, and large penetration of IoT drives the beacons management software market growth. Moreover, continuous technological advancements in the beacons as well as increase in adoption of beacons management software in the smart cities is expected to provide lucrative opportunities for the beacons management software market growth. However, limitations of beacon deployment hamper the growth of beacons management software market.
The global beacons management software market is segmented based on component, end user, and region. By component, the beacons management software market is divided into software and service. Based on end user, it is classified into retail and non-retail segments. Based on region, the beacons management software market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The beacons management software market report includes the profiles of key players such as Aruba by HP, Beaconinside GmbH, BlueCats, Estimote, Inc., Glimworm Beacons, Kontakt.io, MobStac, Inc., Quuppa Oy, Relution Inc., and Sensoro Co., Ltd.
KEY BENEFITS
The study provides an in-depth analysis of the global beacons management software market along with current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
Quantitative analysis from 2018 to 2024 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT
Software
Service
BY END USER
Retail
Non-retail
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS
Aruba (HP)
Beaconinside GmbH
BlueCats
Estimote, Inc.
Glimworm Beacons
Kontakt.io
MobStac, Inc.
Quuppa Oy
Relution Inc.
Sensoro Co., Ltd.
Table of Contents
Executive Summary
According to a recent report titled, Beacons management software Market by Component and End User: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global beacons management software market was valued at $1,979 million in 2017, and is projected to reach at $6,516 million by 2024, growing at a CAGR of 18.70% from 2018 to 2024.Rise in need for managing multiple beacons deployed in commercial spaces or retail stores, penetration of IoT, increase in automation of building management, and increase in adoption of beacons technology drive the global beacons management software market. In addition, the evolving smart cities are expected to create numerous opportunities for the growth of the market. However, limitations on beacons deployment hampers the beacons management software market growth.
Based on end user, the retail segment led the beacons management software market in 2017, and is projected to maintain its dominance in the future. However, the non-retail segment is expected to witness the highest growth, owing to its increased adoption due to different initiatives taken by countries to develop the smart cities where these beacons are used extensively creating the demand for beacons management software.
The global beacons management software market was led by the North America in 2017 and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth registering a CAGR of 23.7% during the forecast period.
Key findings of the Beacons Management Software Market:
The service segment is expected to exhibit significant increase in the global beacons management software market during the forecast period.
In 2017, the retail segment accounted for the highest revenue among the other end user.
North America generated the highest revenue in 2017.
Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the beacons management software market and are profiled in the report include Aruba by HP, Beaconinside GmbH, BlueCats, Estimote, Inc., Glimworm Beacons, Kontakt.io, MobStac, Inc., Quuppa Oy, Relution Inc., and Sensoro Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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