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Beacon Market: Business Development Strategies and Product Experts Ideas by Advanced system, Apple, BlueCats, Blue Sense Networks, Estimote, Gelo, Glimworm Beacons, Gimbal, Kontakt, and Beaconinside

05-14-2020 09:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Beacon Market

Beacon Market

According to a recent report published by Allied Market Research, titled, Beacon Market by Type, Technology and Application: Global Opportunity Analysis and Industry Forecast, 2018-2024, 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.

Advanced system, SLU., Apple Inc., BlueCats, Blue Sense Networks, Estimote, Inc., Gelo, Glimworm Beacons, Gimbal, Kontakt.io, and Beaconinside GmbH are some of the key players operating in the global beacon industry.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4668

Key Benefits for Stakeholders

o This report studies the global beacon market with current trends and future estimations to portray the imminent investment pockets.

o The overall market potential is determined to understand the profitable trends to gain a strong
foothold.

o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis of beacon market.

o The current market is quantitatively analyzed from 2017 to 2024 to highlight the financial competency of the beacon market.

o Porter's Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

o North America held the majority of the beacon market share in 2017.

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.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4668

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.

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.

COVID-19 Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Beacon Market @ https://www.alliedmarketresearch.com/request-for-customization/4668?reqfor=covid

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.

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.

Beacon Market Key Segments:

By Type

o iBeacon
o Eddystone
o AltBeacon
o Others

By Technology

o BLE
o Wi-Fi
o Ultrasound
o Combined Technology

By Application

o Retail
o Travel, Tourism & Hospitality
o Healthcare
o BFSI
o Others

By Region

o North America

o U.S.
o Canada
o Mexico

o Europe

o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe

o Asia-Pacific

o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific

o LAMEA

o Latin America
o Middle East
o Africa

Global Beacon Market Expected to Reach $14.8 Billion by 2024 @ https://www.prnewswire.com/news-releases/global-beacon-market-expected-to-reach-148-billion-by-2024-686928471.html#

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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

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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