Smart Beacon Market was valued at US$ 3.28 Bn. in 2020 and is expected to reach US$ 22.8 Bn. by 2027, at a CAGR of 31.9% during a forecast period.
Smart Beacon Market Overview
MMR recently published a Smart Beacon Market report. The report offers a comprehensive analysis of the Smart Beacon Market, including industry revenue, Market leaders, and followers across different regions and countries worldwide. It provides valuable forecasts in terms of value.
Smart Beacon Market Report Scope and Research Methodology
The report includes a detailed competitive analysis of Market drivers, restraints, opportunities, and growth prospects for the Smart Beacon Market. It presents an industry profile, Market strategies, status, and core competitors, along with factors that may impact the industry positively or negatively, offering clear insights to decision-makers such as investors and stakeholders. The report analyses key players in the Smart Beacon Market, including their size, Market share, revenue, growth, production volume, and profitability. It also offers regional coverage of key industries, measuring their dominance with key manufacturers.
Smart Beacon Market Regional Insights
In 2022, Asia-Pacific dominated the Market, holding the highest Market share in terms of revenue generation. This trend is expected to persist throughout the forecast period, with continual growth anticipated. The growth in the Smart Beacon Market is attributed to favourable government policies, increased investments, and significant expansion opportunities in China, Japan, and India. These factors are expected to drive the continued growth of the Smart Beacon Market in the region.
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Smart Beacon Market Segmentation
1. Global Smart Beacon Market, by Beacon Standard (2023-2029)
• iBeacon
• Eddystone
• Others
In 2023, the Eddystone market segment had the greatest market share of %. This is due to the fact that Eddystone offers additional features outside of iBeacon. The Bluetooth connection signal for Eddystone contains four data packets: Eddystone-UID, Eddystone-URL, Eddystone-TLM, and Eddystone-EID. Compared to iBeacon, these capabilities aid in providing improved performance precision. Customers can receive direction from Eddystone by receiving the most pertinent information based on their actions, decisions, priorities, location, and purchasing patterns.
2. Global Smart Beacon Market, by Connectivity Type (2023-2029)
• Bluetooth Low Energy (BLE)
• Hybrid
3. Global Smart Beacon Market, by Offering (2023-2029)
• Hardware
• Software
• Service
4. Global Smart Beacon Market, by End-user (2023-2029)
• Retail
• Hospitality
• Transportation & Logistics
• Healthcare
• BFSI
• Others
In 2020, the Retail sector had the highest market share of xx%. The way merchants conduct business has changed as a result of the deployment of smart beacons to monitor a customer’s movements inside a store. Large retailers like Timberland, Urban Outfitters, Lord & Taylor, and others are using beacon technology to improve the shopping experience for customers. Businesses can track and draw customers to in-store events, deals, and coupons thanks to beacon technology. Retailers can now match customer needs and build an online-to-in-store experience with beacon technology.
Smart Beacon Market Key Players:
• Aruba
• Estimote
• Kontakt.io
• Bluvision
• Cisco
• Onyx Beacon
• Gimbal
• Leantegra
• Accent Systems
• Sensoro
• Swirl Networks
• JAALEE Technology
• Beaconinside
• Blesh
• BlueUp
• HID Global Corporation
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Key questions answered in Smart Beacon Market are:
- What is Smart Beacon ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Smart Beacon Market?
- Which factors are the lucrative opportunities for the Smart Beacon Market growth?
- Which factors are limiting the scope of Smart Beacon Market ?
- How is the intervention from regulatory authority is shaping the Smart Beacon Market?
- What growth strategies are the key players considering to increase their presence in Smart Beacon Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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