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Worldwide Beacon Market is projected to reach at $14,838.8 million by 2024, Powered by Top Companies Alarming Revenue

03-12-2020 04:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Worldwide Beacon Market is projected to reach at $14,838.8

Introduction to Beacon:

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.

According to a recent report published by Allied Market Research, titled, Beacon Market by Type, Technology and Application: Global Opportunity Analysis and Industry Forecast to 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 2019 to 2024.

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Advanced system, SLU., Apple Inc., BlueCats, Blue Sense Networks, Estimote, Inc., Gelo, Glimworm Beacons, Gimbal, Kontakt.io, and Beaconinside GmbH are key players that occupy a significant revenue share in the market.

At present, North America dominates this market. In 2019, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall beacon market in Europe in 2019. In the same year, the U.S. dominated the North America market.

Market Growth Drivers

Increase in investment in proximity marketing globally. Further, employee & asset monitoring, safety & security, resource optimization, and other features of beacon solution fuel the market growth. However, rise in data security and privacy concern is expected to limit the market growth. Conversely, upsurge in organized retail provides ample of growth opportunity.

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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.

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.

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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.

BEACON MARKET, BY REGION

7.1. Overview

7.1.1. Market analysis, by region

7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by type
7.2.3. Market size and forecast, by technology
7.2.4. Market size and forecast, by application
7.2.5. Market analysis, by country
7.2.6. U.S.

7.2.6.1. Market size and forecast, by type
7.2.6.2. Market size and forecast, by technology
7.2.6.3. Market size and forecast, by application

7.2.7. Canada

7.2.7.1. Market size and forecast, by type
7.2.7.2. Market size and forecast, by technology
7.2.7.3. Market size and forecast, by application

7.2.8. Mexico

7.2.8.1. Market size and forecast, by type
7.2.8.2. Market size and forecast, by technology
7.2.8.3. Market size and forecast, by application

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by type
7.3.3. Market size and forecast, by technology
7.3.4. Market size and forecast, by application
7.3.5. Market analysis, by country
7.3.6. U.K.

7.3.6.1. Market size and forecast, by type
7.3.6.2. Market size and forecast, by technology
7.3.6.3. Market size and forecast, by application

7.3.7. Germany

7.3.7.1. Market size and forecast, by type
7.3.7.2. Market size and forecast, by technology
7.3.7.3. Market size and forecast, by application

7.3.8. France

7.3.8.1. Market size and forecast, by type
7.3.8.2. Market size and forecast, by technology
7.3.8.3. Market size and forecast, by application

7.3.9. Spain

7.3.9.1. Market size and forecast, by type
7.3.9.2. Market size and forecast, by technology
7.3.9.3. Market size and forecast, by application

7.3.10. Italy

7.3.10.1. Market size and forecast, by type
7.3.10.2. Market size and forecast, by technology
7.3.10.3. Market size and forecast, by application

7.3.11. Rest of Europe

7.3.11.1. Market size and forecast, by type
7.3.11.2. Market size and forecast, by technology
7.3.11.3. Market size and forecast, by application

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by type
7.4.3. Market size and forecast, by technology
7.4.4. Market size and forecast, by application
7.4.5. Market analysis, by country
7.4.6. China

7.4.6.1. Market size and forecast, by type
7.4.6.2. Market size and forecast, by technology
7.4.6.3. Market size and forecast, by application

7.4.7. Japan

7.4.7.1. Market size and forecast, by type
7.4.7.2. Market size and forecast, by technology
7.4.7.3. Market size and forecast, by application

7.4.8. India

7.4.8.1. Market size and forecast, by type
7.4.8.2. Market size and forecast, by technology
7.4.8.3. Market size and forecast, by application

7.4.9. Australia

7.4.9.1. Market size and forecast, by type
7.4.9.2. Market size and forecast, by technology
7.4.9.3. Market size and forecast, by application

7.4.10. South Korea

7.4.10.1. Market size and forecast, by type
7.4.10.2. Market size and forecast, by technology
7.4.10.3. Market size and forecast, by application

7.4.11. Rest of Asia-Pacific

7.4.11.1. Market size and forecast, by type
7.4.11.2. Market size and forecast, by technology
7.4.11.3. Market size and forecast, by application

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by type
7.5.3. Market size and forecast, by technology
7.5.4. Market size and forecast, by application
7.5.5. Market analysis, by country
7.5.6. Latin America

7.5.6.1. Market size and forecast, by type
7.5.6.2. Market size and forecast, by technology
7.5.6.3. Market size and forecast, by application

7.5.7. Middle East

7.5.7.1. Market size and forecast, by type
7.5.7.2. Market size and forecast, by technology
7.5.7.3. Market size and forecast, by application

7.5.8. Africa

7.5.8.1. Market size and forecast, by type
7.5.8.2. Market size and forecast, by technology
7.5.8.3. Market size and forecast, by application

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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