Press release
Beacons Management Software Market Worth $6,516 million by 2024 - Aruba by HP, Beaconinside GmbH, BlueCats, Estimote, Inc., Glimworm Beacons, Kontakt.io
beacons management software market
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Rise in need for managing multiple beacons deployed in commercial spaces or retail stores, penetration of IoT, increase in automation of building management, and increase in adoption of beacons technology drive the global beacons management software market. In addition, the evolving smart cities are expected to create numerous opportunities for the growth of the market. However, limitations on beacons deployment hampers the beacons management software market growth.
Based on end user, the retail segment led the beacons management software market in 2017, and is projected to maintain its dominance in the future. However, the non-retail segment is expected to witness the highest growth, owing to its increased adoption due to different initiatives taken by countries to develop the smart cities where these beacons are used extensively creating the demand for beacons management software.
Rise in number of smart city initiatives and increased scope for retail market among developing economies of Asia-Pacific are expected to drive the beacons management software market demand in this region during the forecast period.
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The global beacons management software market was led by the North America in 2017 and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth registering a CAGR of 23.7% during the forecast period.
Key Findings of the Beacons Management Software Market:
• The service segment is expected to exhibit significant increase in the global beacons management software market during the forecast period.
• In 2017, the retail segment accounted for the highest revenue among the other end user.
• North America generated the highest revenue in 2017.
• Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Key Market Players
• Aruba by HP
• Beaconinside GmbH
• BlueCats
• Estimote, Inc.
• Glimworm Beacons
• Kontakt.io
• MobStac, Inc.
• Quuppa Oy
• Relution Inc.
• Sensoro Co., Ltd.
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