Press release
Beacon Technology Market Analysis by Top Key Players Gimbal Inc, Beaconinside, Sensorberg, Glimworm Beacons, Google, Onyx Beacon SRL, Estimote Inc, Texas Instruments, Radius Networks
Beacon Technology
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The Beacon Technology Market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, and product type and distribution channels.
By Market Players: Gimbal Inc, Beaconinside, Sensorberg, Glimworm Beacons, Google, Onyx Beacon SRL, Estimote Inc, Texas Instruments, Radius Networks, BlueCat, blueSense Networks and Apple
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.
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.
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
The on-premise deployment model holds the significant share of the beacon technology market in 2016, and it is anticipated to keep up this predominance over the forecast period as the vast majority of the beacon makers offer low-cost beacon transmitters which make it exceedingly reasonable even for private companies to send them with negligible processing foundation.
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