New Smart Beacon Market is further estimated to grow at a CAGR of 53.1% from 2018 to reach USD 17,771 Million by the year 2023 and company Accent Advanced Systems, SLU. (Spain), Onyx Beacon Ltd. (Romania), Hewlett Packard Enterprise Development LP and oth

It is a small Bluetooth device. When placed in the same physical space as a retail store, it broadcasts a small wireless signal around itself with low power consumption. Customers will receive custom notifications while using the product through the store. With Bluetooth technology, devices can estimate the location of smartphones and exchange data and information to locate smartphones. The Micro Locator System can locate mobile devices that are 4 inches or more and up to 200 feet away.

Global Smart Beccan Market was valued at USD 1,380 Million in the year 2017. Cisco Systems, Inc. (U.S), Kontakt.io (Poland), Accent Advanced Systems, SLU. (Spain), Onyx Beacon Ltd. (Romania), Hewlett Packard Enterprise Development LP (Aruba) (U.S), Bluvision Inc. (U.S), Swirl Networks Inc. (U.S), Beaconinside GmbH (Germany), Leantegra Inc. (U.S), JAALEE Technology Co., Ltd. (China), are some of the key players in the Global Smart Beacon market. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, the collaboration of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Global Smart Beacon market is further estimated to grow at a CAGR of 53.1% from 2018 to reach USD 17,771 Million by the year 2023. Europe region holds the highest market share in 2017 and the Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, the U.K is projected to grow strongly in the coming years.

To understand how the cover works, let's take an example of a coffee shop with cover installation.
• Beacons are placed at the coffee shop entrance.
• This beacon transmits signals in that range. The range of beacons varies from 20m to 300m. (Please know more about the range of Beaconstac beacons)
• The smartphone itself in the beacon range indicates that the smartphone is nearby.
• The smartphone then sends the ID number attached to the signal to the cloud server
• The server responds with a job associated with the beacon ID. It can be a reminder to introduce a new appetizer to your cafe, combo deal, coffee making video or feedback form!
• With these notifications, customers drive customers with web pages, forms, phone numbers, or whatever they plan to do.

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Key Market Players
Cisco Systems, Inc.
Kontakt.io
Accent Advanced Systems, SLU.
Onyx Beacon Ltd.
Hewlett Packard Enterprise Development LP (Aruba)
Bluvision Inc.
Swirl Networks Inc.
Beaconinside GmbH
Leantegra Inc.
JAALEE Technology Co., Ltd.
(Another brief information of 10 companies will be provided in the report)

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Research Methodology:
• Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –
• Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
• Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
• To avoid bias, we filter the collected data collected from authenticated sources.
• GMI has a well proven Statistical Modeling System for estimates and forecasts.
• Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
• Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

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