Why Beacon Market Growing Beyond the Prediction, Global Industry Insight - 2024

The global beacon market was valued at $626.5 million in 2017, and is projected to reach at $14,838.8 million by 2024, growing at a CAGR of 61.5% from 2018 to 2024. North America is expected to dominate the global beacon market during the forecast period, owing to rise in investment of proximity marketing. In 2017, China dominate the Asia-Pacific beacon market. U.S. is anticipated to lead the market in North America, whereas the UK led the European market in 2017.

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Beacon Market Overview:

Beacon is small device that sends out radio signals to nearby mobile phones and tablets, containing a small amount of data. Mobile apps on compatible devices are able to listen for signals from beacons on proximity area and then trigger an experience such as sending a promotional notification, coupon, video, URL form, and others through the app. Beacon technology is widely adopted in various sectors such as retail, healthcare, travel & tourism, and education owing to its features such as employee & asset monitoring, data generation, resource optimization, and others. In addition, beacon has made employee and asset monitoring more accurate and easier than before. Beacons create geofences to help track item in and out of specific area or locations. Further, it also provides history of movement, which can be used to study trend lines and predictive analysis.

At present, North America dominates this market. In 2017, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall beacon market in Europe in 2017. In the same year, the U.S. dominated the North America market.

Increase in investment in proximity marketing, enhanced features of beacon solution such as employee & asset monitoring, data generation, resource optimization, and others drive the growth of the beacon market. However, rise in data security and privacy concern is expected to limit the market growth.

In 2017, based on type, the ibeacon was the dominant segment in terms of revenue, and is anticipated to continue this trend during the forecast period. However, based on application, retail segment dominated the global market in the same year. By technology, BLE segment accounted for the majority market share of the beacon market.

Comprehensive and Competitive Analysis of Leading Market Players

-Advanced system, SLU
-Apple Inc.
-BlueCats
-Blue Sense Networks
-Estimote, Inc.,
-Gelo
-Glimworm Beacons,
-Gimbal
-Kontakt.io
-Beaconinside GmbH

The report includes a micro-level study of different regions adopting beacon solution for various applications. In addition, it discusses the potential opportunities for market players to enter the market. Moreover, it provides an in-depth market analysis of automotive filter outlining current trends, key driving factors, and potential areas for product investments.

This report provides comprehensive analysis of

-Top impacting Growth Factors
-Competetive Analysis of Leading Market Players
-Current and Furture Market Trends
-Market Segmentation
-Revenue Estimation by 2024

The global beacon market is segmented based on type, technology, application, and region. Based on type, the market is divided into iBeacon, eddystone, AltBeacon, and others. Based on technology, the market is classified into Bluetooth Low Energy (BLE) Wi-Fi, ultrasound, and combined technology. Based on application, the market is categorized into retail, travel tourism & hospitality, healthcare, BFSI, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Table of Content

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate-to-high threat of substitutes
3.3.4. Moderate-to-high intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. Key Player Positioning , 2017
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increasing investments in proximity marketing
3.5.1.2. Enhanced features of beacons

3.5.2. Restraint

3.5.2.1. Growing concerns regarding privacy and security.

3.5.3. Opportunity

3.5.3.1. Upsurge in organized retailing

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Chapter: 4: BEACON MARKET, BY TYPE

4.1. Overview
4.2. iBeacon

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Eddystone

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. AltBeacon

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Others (Paypal, GeoBeacon, Samsung proximity)

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

Chapter: 5: BEACON MARKET, BY TECHNOLOGY

5.1. Overview
5.2. BLE (Bluetooth)

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Wi-Fi

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Ultrasound

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Combined Technology

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

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Key Findings of the Beacon Market:

-Based on type, the ibeacon segment is anticipated to dominate the global beacon market, in terms of revenue. However, based on application, retail segment dominated the market in 2017.

-In 2017, the BLE segment accounted for the highest revenue.

-North America held the majority of the market share in 2017.

-Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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