Smart Beacon Market 2019-2025

Global Smart Beacon Market Size, Share & Trends Analysis Report by Connectivity (Bluetooth Low Energy (BLE), Wi-Fi, and Others), By End-User (Transportation & Logistics, Retail, Public Gathering & Spaces, Healthcare, and Others), and Forecast 2019-2025.

The global smart beacon market is estimated to grow at a significant CAGR during the forecast period. The major factors contributing to the growth of the smart beacon market include the rising demand for smart beacons in transportation and logistics, retail shops and shopping malls, cohesive government policies, and growing internet penetration coupled with rising smartphone users. The increasing inclination towards digitalization coupled with the adoption of IoT (Internet of Things) and big data analytics across the globe will further boost the global market growth.

The market is growing significantly owing to the robust installation of Wi-Fi devices across the globe majorly in airports, railway and metro stations, shopping malls, and universities among other domains. Smart beacons also have wide applications in smart city projects. The US, China, India, Japan, and Germany are among other key regions with a significant rise in smart city projects. The rise in smart city projects across the globe will create ample opportunity for the growth of the market in the near future. Further, the integration of AI (Artificial Intelligence) in smart beacon technology is also expected to provide a significant growth opportunity to the market in the near future.

The global smart beacon market is segmented on the basis of connectivity, and end-user. Based on the offering the market is segmented into Bluetooth Enable Energy (BLE), Wi-Fi, and Others. Based on offering the market is segmented into hardware, software, and service. Growing adoption of BLE beacons technology is driving the growth of the market. BLE beacons are small and less costly devices that support provide highly accurate location information with higher precision as compared to Wi-Fi, and other technologies. Based on end-user, the market is segmented into transportation &logistics, retail, public gathering &spaces, healthcare, and others.

Geographically, the smart beacon market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is the major contributor to the overall market share of the global smart beacon market. The growth of the smart beacon market in North America is majorly due to the presence of major players such as Google LLC, and Cisco Systems, Inc., within the US region. Asia-Pacific is anticipated to showcase a significant growth rate during the forecast period.

Accent Advanced Systems, SLU, Beacon inside GmbH, BlueUpSrl, Cisco Systems Inc., Estimate, Inc., Google LLC, Hewlett Packard Enterprise Development LP, HID Global Corp., and Kontakt Micro-Location Sp. Z.o.o are some of the major players operating in the global smart beacon market.

Research Methodology

The market study of the global smart beacon market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Authentic Public Databases such as the US Department of Commerce, International Trade Administration, International Telecommunication Union, and others

The report is intended for smart beacon providers & distributors, system integrators, software vendors, third-party integration providers, investment companies, government organizations for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, products offered by the companies, and future growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. Global Smart Beacon Market Research and Analysis by Technology
2. Global Smart Beacon Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the global smart beacon market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global smart beacon market.
• Insights about market determinants which are stimulating the global smart beacon market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.