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Smart Beacon Market Drivers and Challenges, Opportunities Insights 2019–2026

10-25-2021 08:35 AM CET | IT, New Media & Software

Press release from: StraitsResearch

Smart Beacon Market

Smart Beacon Market

Smart Beacon Market

The global smart beacon market accounted for over USD 1363.6 million in 2017 and is expected to grow at a CAGR of 33.3% during the forecast period, 2019–2026.

A smart beacon, also known as bluetooth low energy beacon, uses bluetooth technology to repeatedly transmit signals in close proximities. Depending upon the distance of the device, different types of notifications can be sent using smart beacons. Smart beacons are indoor positioning systems that interact with a customer’s smartphone to determine its position, thereby allowing mobile apps to understand a consumer’s market position on a micro-local scale, and deliver contextual content. Companies involved in the micro-location and mobile proximity industry are looking to provide more & more accurate and profound data analytics for marketing purposes. Many IoT applications in large industries such as retail and warehousing are using smart beacons on a daily basis.

According to kontakt.io,
In 2018, over 75% of U.S. retailers added smart beacons to their marketing mix
The smart beacon market is projected to reach 500 million beacon units by 2021

Increasing adoption of smart phone devices and intensifying focus on business intelligence collectively drive the demand for smart beacons, which are continuously used to generate special data for use in analytics. The growing trend of smart buildings and smart cities presents tremendous opportunities for the smart beacon market. Smart cities need gadgets that are capcble of communicatings and generating data, which is automatically managed, utilized, and sent back. Smart cities required an ecosystem and smart beacons help in the creation of such ecosystems. According to kontakt.io, there are over 8.2 billion Bluetooth-equipped devices in the world. Bluetooths’ high efficiency, incredible penetration rate and increased capabilities help connect millions of things in smart cities.

Europe holds the largest share in the global smart beacon market, due to the growing need for technologically-advanced marketing platforms and early adoption of beacon technology in the region. Additionally, the presence of industry leaders in the region further fuels the demand for smart beacon technology On the other hand, security and privacy concerns and restricted sensing capabilities may hinder market growth in years to come. Offer in better antennas and increasing signal distance are some of the challenges prevalent in the smart beacon market.
The analysis of the Smart Beacon Market by lays out the market size information and knowledge about the market trends along side factors and parameters influencing it in both short- and long-term. The research provides a comprehensive 360° view and insights, outlining the main outcomes of the industry. These essential insights assist the decision-makers in formulating better business plans and make informed decisions for improved profitability. Moreover, the analysis helps venture capitalists in understanding the businesses with a far better perspective and make aware decisions.

Obtain Brochure For Latest Technology Advancements @ 
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The Major Prominent Players Covered in this Report:
Estimote (U.S.), Bluvision (An HID Global Company) (U.S.), Onyx Beacon (Romania), Leantegra (U.S.), Aruba (A Hewlett Packard Enterprise Company) (U.S.), Kontakt.io (Poland), Cisco (U.S.), Gimbal (U.S.), Accent Systems (Spain), Swirl Networks (U.S.), Sensoro (U.S.) and JAALEE Technology (China).

By Beacon Standard, iBeacon, Eddystone
By Connectivity Type, Bluetooth Low Energy (BLE), Hybrid
By Offering, Hardware, Software, Service
By End Use, Retail, Transportation & Logistics, Public Gathering & Spaces & More.

Recent Developments:
Growing demand for IoT technology has been presenting opportunities for smart beacon technology. In May 2018, Estimote launched next-generation proximity beacons with various hardware and software improvements such as long lasting batteries, Bluetooth 5 chip and planet friendly enclosures.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ https://straitsresearch.com/report/smart-beacon-market/toc

Key Smart Beacon Market Trends:
- The report identifies, determines, and forecasts the Global Smart Beacon Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Smart Beacon Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Smart Beacon Market.

Why Buy This Report?
This report offers key insights pertaining to the smart beacon technology market with emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.

Definitive Market Data
Smart Building Market Analysis
Technological Insight
Competitor Analysis
Recent Opportunities in the Market
Pipeline Analysis
Patent Analysis

Key Questions Answered in The Report:
What will the Smart Beacon market growth rate?
What are the key factors driving the global Smart Beacon market?
Who are the key manufacturers in the Smart Beacon market space?
What are the market opportunities, market risk, and market overview of the Smart Beacon market?
What are sales, revenue, and price analysis of top manufacturers of the Smart Beacon market?
Who are the distributors, traders, and dealers of the Smart Beacon market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Smart Beacon Industry?
What are sales, revenue, and price analysis by regions of Smart Beacon industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Browse Full Report @ 
https://straitsresearch.com/report/smart-beacon-market/

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For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
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