December 6, 2019 by Market-NewsFlash
Global Smart Beacon Market Research Report: by Beacon Standard (iBeacon, Eddystone, Others) by Connectivity Type (Bluetooth Low Energy (BLE), Wi Fi, Hybrid) by Component (Hardware, Software, Service) by End User (Retail, Hospitality, Transportation & Logistics, Healthcare, BFSI, Automotive, Aviation, Education, Others) by Region (North America, Europe, Asia-Pacific, Middle East and Africa, Central and South America) — Forecast till 2025
The Global Smart Beacon Market is expected to grow from USD 1,240.0 million in 2018 to USD ~25,000.0 Million by 2025, at a CAGR of ~54% during the forecast period. Since a few years, the rapid advances in information and communication technology has encouraged people to install intelligent appliances that have the capability to transmit information between connected devices in their homes.
Also, in organizations, smart beacons give automatic notifications when an unauthorized person tries to enter a restricted or dangerous zone. In larges venues or places like stadiums or theatres, smart beacons can increase service efficiency and reduce queuing time as it can activate timely messages regarding refreshments and location, thereby improving the consumer experience and increase their engagement. Thus, there is an opportunity to use smart beacons to increase sales of value-added products, such as popcorn at a cinema and refreshments at a stadium.
The global smart beacon market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographical analysis of the global smart beacon market has been done for North America, Europe, Asia-Pacific, the Middle East and Africa, and Central and South America.
The key players in the smart beacon market are Estimote, Inc. (US), Aruba-Hewlett Packard Enterprise Company) (US), Kontakt.io (Poland), Cisco Systems Inc. (US), Bluvision-HID Global Company) (US), Leantegra Inc. (US), Gimbal, Inc. (US), Accent Advanced Systems, SLU (Spain), Swirl Networks (US), and Sensoro Co., Ltd (US).
Other prominent players studied for the Smart Beacon Market are Blue Cats (Australia), JAALEE Technology (China), Square Metrics GmbH (Germany), BlueUp Srls (Italy), Bleesk Benelux Sprl (Spain), Radius Networks Inc. (US), Resono (Netherlands) among others.
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