Press release
Smart Beacon Market Progresses for Huge Profits by 2026
Smart Beacon Market
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iBeacon and Eddystone are two most significant protocols used in smart beacon. iBeacon is developed by Apple, Inc. and is iOS compatible. iBeacon functions in iPhones and iPads. For instance, in 2013 Apple, Inc. activated iBeacon across 254 stores in the U.S. Eddystone was launched by Google LLC in 2015 and it is now highly adopted in the market. It is specially developed for Android users.
According to Coherent Market Insights’ analysis, smart beacons generated around US$ 4 Billion in offline retail sales as of 2016, and is expected to exhibit significant growth by 2025.
Eddystone standard segment is expected to hold largest market share in the global smart beacon market by 2025
iBeacon standard accounted for the largest market share in the global smart beacon market in 2016, though, the Eddystone segment is expected to witness growth at a significant rate and is forecast to dominate the market over the forecast period. This is owing to Eddystone offering extended functionality beyond iBeacon. Eddystone has four packets as a part of Bluetooth connectivity signal, including Eddystone-UID, Eddystone-URL, Eddystone-TLM, and Eddystone-EID. These features aid in providing more accuracy in performance than iBeacon. Eddystone can guide customers by providing most relevant information based on their behavior, choice, priority, location, and buying habits.
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Key Vendors of Smart Beacon Market: Estimote, Aruba, Kontakt.Io, Cisco, Bluvision, Onyx Beacon, Leantegra, Gimbal, Accent Systems, Swirl Networks, Sensoro, Jaalee Technology, Beaconinside, Blesh, and Blueup.
Smart Beacon Market Taxonomy
On the basis of beacon standards, the global smart beacon market is segmented into:
iBeacon
Eddystone
Others
On the basis of connectivity type, the global smart beacon market is segmented into:
Bluetooth Low Energy (BLE)
Hybrid
On the basis of offering, the global smart beacon market is segmented into:
Hardware
Software
Service
On the basis of end-user industry, the global smart beacon market is segmented into:
Retail
Transportation & Logistics
Public Gatherings and Spaces
Sports
Healthcare
Banking, Financial Services, and Insurance (BFSI)
Automotive
Aviation
Education
Others
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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