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BLE Beacon Market is Expected to Reach $69.2 Billion by 2030, Growing at a CAGR of 36.9%
BLE Beacon Market
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A BLE beacon is a tiny gadget that continuously broadcasts radio signals with a modest bit of data to neighboring smartphones and tablets. BLE Beacons have emerged as one of the most popular methods for interacting with customers across industries, particularly in marketing & retail as they are inexpensive, simple to use, and clearly effective.
The growth of the global BLE beacon market share is majorly driven by the increase in advanced communication technologies paired with rising investments in proximity marketing. Further, the rise in the adoption of smart devices is anticipated to drive the growth of the BLE beacon market. However, the lack of presence of technological resources coupled with a lack of awareness and concerns toward privacy & security hampers its adoption, which is a prime restraint of the global market.
On the contrary, the growth in demand for smartphone usage and development in organized retail sectors is anticipated to provide lucrative opportunities for the BLE beacon market growth during the forecast period.
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Competitive Analysis:
The company profile section of the BLE Beacon Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global BLE Beacon Market include,
• Accent Systems
• Apple Inc
• Bluvision
• Estimote Inc
• Google LLC
• Hewlett Packard Enterprise Development LP
• K2B Solutions
• Kontakt.io
• Onyx Beacon
• and UFO Beacons
Region-wise, the BLE beacon market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed for the maximum revenue in 2019. However, the market in Asia-Pacific is expected to grow at a faster rate in the coming years, as compared to other regions. This is attributed to increasing in demand from emerging economical countries such as India, China, Japan, and South Korea. The overall BLE beacon market analysis is determined to understand profitable trends to gain a stronger foothold.
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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.
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