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Beacon Technology Market Size by 2027 |Industry Segmentation by Type, Application, Drivers, Key News, Future Growth and Top Companies Profiles by 2027

The global Beacon Technology Market is forecasted to be worth USD 35.15 Billion by 2027, according to a current analysis by Emergen Research. The beacon technology market is anticipated to grow substantially owing to the growing Internet of Things technology penetration, increasing investments in proximity marketing, and rising demand for sensor-based devices in different industries. The growth in organized retail stores provides the players functioning in the beacon technology market with sufficient growth prospects.

Our team has leveraged analytical tools like Porter’s Five Forces Analysis and SWOT Analysis to discern vital information about the leading market regions’ competitive scenario. Additionally, the report explains the latest global economic landscape scenario with respect to the currently unfolding COVID-19 pandemic. The pandemic has significantly affected millions of lives and markets worldwide. Besides, it has led to massive disruptions in this particular business sphere. The report encompasses the effects of the pandemic on the Beacon Technology market.

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Key Highlights From The Report

  • Attributed to the increasing implementation of cloud-enabled low-energy Bluetooth networks, the high cost of network systems, and the complicated implementation & maintenance of such networks, the cloud segment is anticipated to dominate the market with a CAGR of 44.5% during the forecast period.
  • Leading to AltBeacon’s significant advantages, such as various vendor IDs and beacon codes, the AltBeacon segment is expected to hold the largest market over the forecast timeframe.
  • Due to the rising popularity of Wi-Fi due to its advantages such as interconnectivity, improved customer privacy, and enhanced proximity detection, the Wi-Fi segment accounts for the largest market in the beacon technology market over the forecasted period.
  • Due to its several advantages, such as improving customer experience by providing interactive guides, sharing multi-language information and tips, and special offers, the retail segment is expected to dominate the market throughout the forecast period.
  • Key participants include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Radius Networks Inc., Kontakt.io, Swirl Networks, Inc., and Estimote Inc., among others.

Market Segmentation:

Emergen Research has segmented the global Beacon Technology Market on the basis of deployment, platform, technology end-use, and region:

  • Deployment Outlook (Revenue, USD Billion; 2017-2027)
    • Cloud
    • On-premises
  • Platform Outlook (Revenue, USD Billion; 2017-2027)
    • Eddystone
    • iBeacon
    • AltBeacon
  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Wi-Fi
    • Bluetooth Low Energy
    • Ultrasound
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Healthcare
    • Real-estate
    • Aviation
    • Banking
    • Hotels
    • Retail
    • Education
    • Others

The most prominent geographical segments covered in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The latest research endows readers with an extensive database of the worldwide Beacon Technology business sector and anticipates massive growth of the Beacon Technology market in the upcoming years. The report focuses on pivotal factors like the latest market trends, sales volume, revenue forecast, market size, and regional concentration. It helps the readers determine the overall market shares held by distributors and traders engaged in this market through the supply chain. In addition, the report undertakes a comprehensive study of the market using advanced analytical methods, such as SWOT analysis, Porter’s five forces analysis, speculation attainability investigation, and venture return investigation.

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Objectives of the Global Beacon Technology Market Study:

  • An in-depth study of the evolving market sectors and the growth & penetration status of the global Beacon Technology market
  • COVID-19 Impact Analysis to highlight the major opportunities and challenges
  • Strategic recommendations to help readers formulate lucrative business strategies
  • Identification of the emerging players and their tactical approaches to expand market presence
  • An extensive study of the product portfolios of the major market players and their regional presence
  • A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures

Table Of Content:

Chapter 1. Methodology & Deployments
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Deployments
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Deployments
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Beacon Technology Market Segmentation & Impact Analysis
4.1. Beacon Technology Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing IoT pentration
4.2.2.2. Growing government initiatives to improve retail idustry
4.2.2.3. Rising adoption of advanced operational technology
4.2.3. Market restraints analysis
4.2.3.1. High setup cost
4.2.3.2. Lack of security
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Beacon Technology Market By Deployment Insights & Trends Revenue (USD Billion)
5.1. Deployment Dynamics & Market Share, 2019 & 2027
5.1.1. Cloud
5.1.2. On-premises

CONTINUED…!

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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