Beacons Management Software Market Size Growth to Fuel Lucrative Revenues in the Future | Aruba (HP), Beaconinside GmbH, BlueCats, Estimote

Beacon management software simplifies the administration of the beacon meshes within the given location. It maintains, registers, and checks the position of beacons within the map and monitors the battery status including past data such as downtimes. The software allows its users to change beacon settings as well as change profiles and alerts; both, individually or in bulk. The beacon management software keeps a track of data output from multiple beacons and gives information regarding battery status, last ping time, and alerts regarding visitor analytics.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Factors such as growth in need for technologically advanced platform to manage multiple beacons installed by the retailers or particular company, rise in adoption of beacons across various industries, increase in awareness about the proximity marketing, and large penetration of IoT drives the beacons management software market growth. Moreover, continuous technological advancements in the beacons as well as increase in adoption of beacons management software in the smart cities is expected to provide lucrative opportunities for the beacons management software market growth. However, limitations of beacon deployment hamper the growth of beacons management software market.

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The global beacons management software market is segmented based on component, end user, and region. By component, the beacons management software market is divided into software and service. Based on end user, it is classified into retail and non-retail segments. Based on region, the beacons management software market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS

The study provides an in-depth analysis of the global beacons management software market along with current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter's Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
Quantitative analysis from 2018 to 2024 is provided to determine the market potential.

KEY MARKET PLAYERS

Aruba (HP)
Beaconinside GmbH
BlueCats
Estimote, Inc.
Glimworm Beacons
Kontakt.io
MobStac, Inc.
Quuppa Oy
Relution Inc.
Sensoro Co., Ltd.

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KEY MARKET SEGMENTS

BY COMPONENT

Software
Service

BY END USER

Retail
Non-retail

BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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