Press release
Beacon Technology Market Quadruples by 2023; with a ~ 79.43 % of Whooping CAGR | Gimbal Inc, Beaconinside, Sensorberg, Glimworm Beacons, Google, Onyx Beacon SRL, Estimote Inc
Beacon Technology Market
Major Eminent Players:
The leading players in the Beacon Technology Market are Gimbal Inc, Beaconinside, Sensorberg, Glimworm Beacons, Google, Onyx Beacon SRL, Estimote Inc, Texas Instruments, Radius Networks, BlueCat, blueSense Networks and Apple.
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The Beacon Technology Market is segmented as follows-
By Platform:
iBeacon
AltBeacon
Eddystone
By Deployment Model:
Cloud
On-premise
By Application:
Retail
Tourism & Hospitality
Financial Institutions Real-estate Education
Travel
Healthcare
By Technology:
Wi-Fi
BLE
Combined Technologies
Ultrasound
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Industry Outlook and Trend Analysis:
The Beacon Technology Market was worth USD 54.34 million in 2014 and is expected to reach approximately USD 10474.30 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 79.43% during the forecast period. The beacon technology market is picking up traction because of reliably developing interest for proximity-based marketing solutions in the retail condition. As there is an expanding requirement for customized service experience by clients, retailers are exploring modern technological options for enhancing in-store advertising endeavours. With smartphones ready to develop as the pervasive technology of the 21st century, their fast adoption around the globe is boosting the development of the beacon technology market. In addition, government offices around the globe are concentrating on creating smart city projects to modernize the urban framework and make very associated urban areas by utilizing innovative technologies.
Major Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Beacon Technology Market, By Deployment Model
5.1.Introduction
5.2.Global Beacon Technology Revenue and Market Share by Deployment Model (2014-2018)
5.3.Cloud-based
5.4.On-premise
6.Beacon Technology Market, By Application
6.1.Introduction
6.2.Global Beacon Technology Revenue and Market Share by Application (2014-2018)
6.3.Healthcare
6.4.Retail
6.5.Real-estate
6.6.Financial institutions
6.7.Education
6.8.Other Applications
7.Beacon Technology Market, By Technology
7.1.Introduction
7.2.Global Beacon Technology Revenue and Market Share by Technology (2014-2018)
7.3.Ultrasound
7.4.BLE
7.5.Wi-Fi
7.6.Combined Technologies
To be continued...
Regional Outlook:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia and Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
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Technology Outlook and Trend Analysis:
BLE commanded the beacon technology market in 2016 with a substantial market share of more than 85% because of its low power usage capacities contrasted with different advancements in the market, for example, Wi-Fi, Geofencing and GPS. As it is less expensive to fabricate BLE modules, the general cost of reference point equipment can be essentially decreased which makes the innovation the most favoured choice for working beacons.
Platform Outlook and Trend Analysis:
The iBeacon platform is anticipated to command the market by 2024 with a major share of the market of more than 55% as the stage is the pioneer in launching Bluetooth Low Energy (BLE) wireless technology. As different vendors forcefully started producing and commercializing iBeacon compatible beacon transmitters not long after Apple introduced this platform in 2013, it got the first mover's benefit and caught a tremendous share of the beacon technology market.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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