Smart Beacon Market Size to rise at 34.3% CAGR through 2028 | Key Players Estimote, Cisco Systems, Leantegra, HID Global, Aruba Networks, Fujitsu Component Limited

Global Smart Beacon Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2028. Smart Beacon Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Smart Beacon market and provides information regarding the revenue for the period 2022 to 2028.

Analysts predict that global smart beacon market is poised to grow at a CAGR of 34.3% during the forecast period and generate considerable returns by 2028.

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Factors like increasing prevalence of proximity marketing, rising use of smartphones, and the development of cutting-edge communication technologies like smart wearables are the major growth determinants of global smart beacon market.

For the uninitiated, smart beacons are tiny, Bluetooth-enabled transmitters and micro location-based technological gadgets that deliver signals to other nearby smart devices. The smart beacon locates the objects and then initiates tracking. They are extensively employed throughout several different sectors, including transportation & logistics, hospitality, retail, and education.

In terms of component, the industry divided into services, software, and hardware. The hardware segment is estimated to hold a significant share during the forecast period, while the service segment is expected to grow significantly in the coming years.

On the basis of standard, the market is split into eddystone and iBeacon. Out of which, the iBeacon segment is likely to capture major market share over the study duration.

Based on connectivity type, the industry is categorized into hybrid, Wi-Fi, and Bluetooth Low Energy (BLE). Among these, the BLE of worldwide smart beacon market captured major revenue share in the recent past.

Speaking of end-use, the market is branched into automotive, BFSI, healthcare, aviation, transportation & logistics, retail, and others. Where, the retail category is poised to hold substantial share during the forecast period.

Regionally, the latest trends are studied across Eastern Europe (Poland, Russia, rest of Eastern Europe), Asia Pacific (Australia, ASEAN, South Korea, India, Japan, China, Rest of APAC), Middle East & Africa (South Africa, Turkey, GCC, Rest of MEA), Western Europe (UK, France, Germany, Spain, Benelux, Nordic, Italy, rest of Western Europe) Latin America (Mexico, Brazil, Rest of Latin America), and North America (U.S. and Canada). Among these, Asia Pacific industry is poised to grow tremendously over the forecast duration.

Moving to competitive landscape, the leading players in global smart beacon industry are Accent Advanced Systems SLU, JAALEE Technology Co. Ltd., Estimote, Inc., Tuya Inc., Cisco Systems, Inc., Kontakt.io, Radius Networks, Inc., Sensoro Co., Ltd., Leantegra, HID Global, Aruba Networks, and Fujitsu Component Limited.

Questions And Answers: Global Smart Beacon Market

Q1. What are the growth determinants for global smart beacon market?

Answer: Increasing prevalence of proximity marketing, rising use of smartphones, and the development of cutting-edge communication technologies like smart wearables are the major growth determinants for global smart beacon market.

Q2. Which end-use category is slated to contribute significantly to worldwide smart beacon market earnings?

Answer: The retail end-use segment of worldwide smart beacon industry is poised to grow significantly over the forecast duration.

Q3. Which are the key players in global smart beacon market?

Answer: The leading players in global smart beacon industry are Accent Advanced Systems SLU, JAALEE Technology Co. Ltd., Estimote, Inc., Tuya Inc., Cisco Systems, Inc., Kontakt.io, Radius Networks, Inc., Sensoro Co., Ltd., Leantegra, HID Global, Aruba Networks, and Fujitsu Component Limited.

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