Global Smart Beacon Market 2019-2025 : Quantitative Analysis By Cisco, Aruba, Gimbal, Onyx Beacon Ltd¸ Sensoro Co. Ltd.¸ Kontakt.Io, Jaalee Technology & Others

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Market Analysis: Global Smart Beacon Market
The global smart beacon market accounted for USD 1,363.9 million in 2017 and is projected to grow at a CAGR of 56.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Major Market Competitors:
Some of the major players in global smart beacon market are Cisco, Aruba, Gimbal, Onyx Beacon Ltd¸ Sensoro Co. Ltd.¸ Kontakt.Io, Jaalee Technology, Bluvision Inc., Swirl Networks, Leantegra, Blesh, Accent Systems, Blueup and Beaconinside among others.

Major Market Drivers:
Rising need for spatial data to be utilized in analytics
Growing adoption of smartphones
Usage of smart beacons in transportation and logistics

Market Restraint:
Increasing trend of opting online platforms in retail

Market Segmentation:

On the basis of connectivity type, the global smart beacon market is segmented into bluetooth low energy (BLE) and hybrid. Bluetooth low energy (BLE) is sub segmented into BLE 4.0 and BLE 5.0.
On the basis of beacon standard, the global smart beacon market is segmented into ibeacon and eddystone.
On the basis of offering, the global smart beacon market is segmented into hardware, software and service. Hardware is sub segmented into standard beacon, sticker beacon and card beacon. Software is sub segmented into analytics software, content management software and other software. Services are sub segmented into project management, consulting, maintenance and support service.
On the basis of end user, the global smart beacon market is segmented into Transportation & logistics, retail, public gatherings and spaces, hospitality, healthcare, automotive, banking, financial services, and insurance (BFSI), sports¸ education and aviation.
On the basis of geography, the global smart beacon market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Competitive Landscape:
The global smart beacon market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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