+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Beacon Technology Market, By Component (Software and Hardware), By Technology, By Connectivity Type, By Application, By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4787322
  • Report
  • Region: Global
  • 146 Pages
  • TechSci Research
UP TO OFF
until Dec 31st 2019
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

1 of 3
The Global Beacon Technology Market Stood at $ 1.17 Billion in 2018 and is Projected to Grow at a CAGR of 45.5% During 2019-2024.

FEATURED COMPANIES

  • Accent Systems
  • Apple Inc.
  • Bluvision Inc.
  • Cisco Systems Inc.
  • Estimote, Inc.
  • Kontakt.io
  • MORE
The Global Beacon Technology market stood at $ 1.17 billion in 2018 and is projected to grow at a CAGR of 45.5% during 2019-2024 to reach $ 10.2 billion by 2024, on account of increasing demand for technology as it can assist marketers in building and optimizing their strategies. Beacons are small, inexpensive wireless transmitters, which use low-energy Bluetooth technology to send signals to nearby compatible smart devices. The technology has been around for few years and is expanding to various verticals, such as retail and healthcare, among others at a rapid pace. Beacon technology is based on taking the advantage of physical location and proximity for the transfer of signals. Moreover, increasing proliferation of smartphones and surging demand for location-based marketing solutions is expected to drive the market through 2024.

The Beacon Technology Market can be segmented based on component, technology, connectivity, application and region. On the basis of technology, the market can be segmented into iBeacon, Eddystone and Others. In 2018, iBeacon dominated the market and the trend is anticipated to continue in the forthcoming years, as Apple was the first company to introduce a beacon standard, which received rapid adoption by companies. Vendors operating in the market are adopting technology to develop beacon. Moreover, beacon technology can be deployed on-premise and on cloud, which is promoting the growth of the technology. In terms of connectivity type, the market can be segmented into BLE, Wi-Fi and others. BLE or Bluetooth low-energy is anticipated to witness extensive adoption, as it is inexpensive when compared with the prices of Wi-Fi and other location-based technologies such as GPS. Beacon technology is at a nascent stage and expanding to various verticals. The technology finds application in retail, transportation and logistics, healthcare, logistics, automotive, sports, among others. Retail and transportation & logistics are the major segments in the market, on account of extensive adoption of beacon technology in these sectors for implementing proximity marketing campaigns.

Regionally, the market for beacon technology is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe and CIS, South America and Middle East & Africa. Owing to the early adoption of technology and presence of major players in the region, North America is expected to acquire the majority share during the forecast period. Moreover, major US retailers such as Target and Walmart have started implementing beacons in retail stores.

Some of the major players operating in the Global Beacon Technology Market include Qualcomm Inc., Cisco Systems Inc., Samsung Electronics Co. Ltd., Apple Inc., Aruba Networks, Inc, Estimote, Inc., Kontakt.io, Accent Advanced Systems SL, Onyx Beacon, Blue Sense Networks Ltd. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Apple is among the key providers of the beacon technology, however, companies such as Kontakt.io and Estimote Inc are developing innovative beacons, so as to register positive growth in the market.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020–2024
Objective of the Study:
  • To analyze and forecast the Global Beacon Technology Market size.
  • To classify and forecast the Global Beacon Technology Market based on component, technology, connectivity type, application and regional distribution.
  • To identify drivers and challenges for the Global Beacon Technology Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Beacon Technology Market.
  • To identify and analyze the profile of leading players operating in the Global Beacon Technology Market.
Some of the leading players in the Global Beacon Technology Market include Qualcomm Inc., Cisco Systems Inc., Samsung Electronics Co. Ltd., Apple Inc., Aruba Networks, Inc, Estimote, Inc., Kontakt.io, Accent Advanced Systems SL, Onyx Beacon and Blue Sense Networks Ltd.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of service providers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the service providers which could not be identified due to the limitations of secondary research. They analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

The author calculated the Global Beacon Technology Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. they sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Beacon technology developers, providers and end-users
  • Service providers
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to beacon technology
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Beacon Technology Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Component:
  • Software
  • Hardware
Market, by Technology:
  • iBeacon
  • Eddystone
  • Others
Market, by Connectivity Type:
  • BLE
  • Wi-Fi
  • Others
Market, by Application:
  • Retail
  • Transportation & Logistics
  • Healthcare
  • BFSI
  • Automotive
  • Sports
  • Others
Market, by Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Spain
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia
  • Qatar
  • South America
  • Brazil
  • Argentina
  • Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Beacon Technology Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Accent Systems
  • Apple Inc.
  • Bluvision Inc.
  • Cisco Systems Inc.
  • Estimote, Inc.
  • Kontakt.io
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Challenges Faced in Adopting Beacon Technology
4.2. Key Factors Driving Adoption of Beacon Technology
4.3. Most Preferred Broadcast Range
4.4. Major Benefits of Installing A Beacon

5. Global Beacon Technology Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Software and Hardware)
5.2.2. By Technology (iBeacon, Eddystone, and Others)
5.2.3. By Connectivity Type (BLE, Wi-Fi, and Others)
5.2.4. By Application (Retail, Transportation & Logistics, Healthcare, BFSI, Automotive, Sports, and Others)
5.2.5. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)
5.2.6. By Company (2018)
5.3. Market Attractiveness Index

6. North America Beacon Technology Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Technology
6.2.3. By Connectivity Type
6.2.4. By Application
6.2.5. By Country
6.3. North America: Country Analysis
6.3.1. United States Beacon Technology Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Technology
6.3.1.2.2. By Application
6.3.2. Canada Beacon Technology Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Technology
6.3.2.2.2. By Application
6.3.3. Mexico Beacon Technology Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Technology
6.3.3.2.2. By Application

7. Europe Beacon Technology Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Technology
7.2.3. By Connectivity Type
7.2.4. By Application
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Beacon Technology Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Technology
7.3.1.2.2. By Application
7.3.2. United Kingdom Beacon Technology Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Technology
7.3.2.2.2. By Application
7.3.3. France Beacon Technology Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Technology
7.3.3.2.2. By Application
7.3.4. Italy Beacon Technology Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Technology
7.3.4.2.2. By Application
7.3.5. Russia Beacon Technology Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Technology
7.3.5.2.2. By Application
7.3.6. Spain Beacon Technology Market Outlook
7.3.6.1. Market Size & Forecast
7.3.6.1.1. By Value
7.3.6.2. Market Share & Forecast
7.3.6.2.1. By Technology
7.3.6.2.2. By Application

8. Asia-Pacific Beacon Technology Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Technology
8.2.3. By Connectivity Type
8.2.4. By Application
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Beacon Technology Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Technology
8.3.1.2.2. By Application
8.3.2. Japan Beacon Technology Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Technology
8.3.2.2.2. By Application
8.3.3. South Korea Beacon Technology Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Technology
8.3.3.2.2. By Application
8.3.4. Australia Beacon Technology Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Technology
8.3.4.2.2. By Application
8.3.5. India Beacon Technology Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Technology
8.3.5.2.2. By Application

9. Middle East & Africa Beacon Technology Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Technology
9.2.3. By Connectivity Type
9.2.4. By Application
9.2.5. By Country
9.3. MEA: Country Analysis
9.3.1. UAE Beacon Technology Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Technology
9.3.1.2.2. By Application
9.3.2. South Africa Beacon Technology Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Technology
9.3.2.2.2. By Application
9.3.3. Saudi Arabia Beacon Technology Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Technology
9.3.3.2.2. By Application
9.3.4. Qatar Beacon Technology Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Technology
9.3.4.2.2. By Application


10. South America Beacon Technology Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Technology
10.2.3. By Connectivity Type
10.2.4. By Application
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Beacon Technology Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Technology
10.3.1.2.2. By Application
10.3.2. Argentina Beacon Technology Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Technology
10.3.2.2.2. By Application
10.3.3. Colombia Beacon Technology Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Technology
10.3.3.2.2. By Application

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Company Profiles
13.1.1. Qualcomm Inc.
13.1.2. Cisco Systems Inc.
13.1.3. Samsung Electronics Co., Ltd
13.1.4. Apple Inc.
13.1.5. Hewlett-Packard Enterprise
13.1.6. Estimote, Inc.
13.1.7. Kontakt.io
13.1.8. Leantegra Inc.
13.1.9. Bluvision Inc.
13.1.10. Accent Systems

14. Strategic Recommendations
(Note: The companies list can be customized based on the client requirements.)
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
  • Qualcomm Inc.
  • Cisco Systems Inc.
  • Samsung Electronics Co., Ltd
  • Apple Inc.
  • Hewlett-Packard Enterprise
  • Estimote, Inc.
  • Kontakt.io
  • Leantegra Inc.
  • Bluvision Inc.
  • Accent Systems
Note: Product cover images may vary from those shown
Adroll
adroll