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56.2% Growth Rate for Smart Beacon Market by 2023 | Top Technologies, Overview, Key Insights and Company Profiles
The Global Research report titled “Smart Beacon Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
Major Vendors profiled in the Smart Beacon Market include are Estimote (US), Aruba (A Hewlett Packard Enterprise Company) (US), Kontakt.io (Poland), Cisco (US), Bluvision (An HID Global Company)(US), Onyx Beacon (Romania), Leantegra (US), Gimbal (US), Accent Systems (Spain), Swirl Networks (US), Sensoro (US), JAALEE Technology (China), Beaconinside (Germany), Blesh (US), and BlueUp(Italy).
The Smart Beacon Market is expected to be valued at USD 1,363.6 Million in 2017 and is likely to reach USD 19,805.5 Million by 2023, at a CAGR of 56.2% between 2017 and 2023.
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The smart beacon market for transportation and logistics is expected to grow at the CAGR between 2017 and 2023.”
The market for transportation and logistics is expected to grow at the highest CAGR during the forecast period. This can be attributed to smart beacon’s capability to save time and cost as well as to track assets in real time, thereby providing a competitive advantage to the end users.
“The market for Eddy stone is expected to witness a significant growth between 2017 and 2023.”
The market for Eddy stone is expected to grow at a significant CAGR during the forecast period as it provides an extended feature to iBeacon and sends 4 packets as a part of Bluetooth connectivity signal. Google launched Eddy stone as an open protocol in 2015, and since then, it is being adopted considerably in the smart beacon market. It is specifically developed for Android users; however, it has an interoperability feature to power highly specific user-facing apps.
“Europe held the largest share of the smart beacon market in 2016; and the market in APAC is expected to grow at the highest CAGR during the forecast period.”
Europe is expected to hold the largest share of the smart beacon market by 2023 owing to the high traction of beacon technology and growing need for technologically advanced marketing platforms among the end users to capture the shares in the respective markets. In addition, Europe is an early adopter of the technology, and the customers in this region have accepted the technology seamlessly. APAC is expected to witness significant growth due to the growing traction of the beacon technology in China and Australia.
Target Audience for Smart Beacon Market:
• Smart beacon end users
• Smart beacon providers
• Smart beacon distributors
• Research organizations and consulting companies
• Associations, organizations, forums, and alliances related to smart beacons
• Venture capitalists, private equity firms, and start-up companies
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