Press release
Bluetooth Beacons Market to reach USD 113.53 Bn by 2029, emerging at a CAGR of 28.3 percent and forecast 2023-2029
Bluetooth Beacons Market, Bluetooth Beacons Market Size,
The Bluetooth Beacons Market report provides a comprehensive analysis of the market's scope, detailing the key aspects covered in the research. It encompasses an in-depth exploration of hardware transmitters known as Bluetooth Beacons, which are a subset of Bluetooth Low Energy (LE) devices. These devices broadcast their identity to nearby portable electronic devices such as smartphones and tablets. The report delves into the functionalities of Bluetooth Beacons, which enable location-based actions, personalized interactions, and tracking capabilities. The scope of the report extends to market values, dynamics, segment analysis, and regional insights, providing a holistic understanding of the Bluetooth Beacons Market.
The report follows a robust research methodology to ensure the accuracy and reliability of the findings. It considers 2022 as the base year for analysis, leveraging real data and insights from key players and market leaders. Trends from the past five years are meticulously examined to forecast market trends through 2029, taking into account the exceptional circumstances of 2022, including the impact of regional lockdowns. This methodology incorporates a systematic approach to gather, analyze, and present market information, making it a valuable resource for businesses, stakeholders, and decision-makers in the industry.
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What are Bluetooth Beacons Market Dynamics:
Increasing Awareness of iBeacon Technology: One of the main factors driving the growth of the global Bluetooth Beacon market is the increasing awareness of iBeacon technology. Other important drivers include increasing smartphone usage and rising consumer spending power, which in turn increases smartphone usage. By fostering a higher degree of consumer interaction through personalization, beacon technology has transformed the operations of its early adopters. Location-based marketing's rising prominence in the retail sector is to blame for the growth expectations. Brick-and-mortar shops have realized the value of fusing the advantages of the actual shopping environment with the digital ecology.
Growing Integration into Various Industries: It is expected that during the course of the forecast period, the market will develop as a result of the growing integration of beacons into LED lighting, point of sale (POS) equipment, digital signage, and vending machines. Beacons are expected to spread into industrial applications in addition to retail ones, where they already play a significant role. Additional reasons driving the growth of the global Bluetooth Beacon and iBeacon market include technological advancements in IT solutions like the Internet of Things (IoT), low power requirements, and cheap cost. The globalization of retail and commercial sectors has been largely fueled by constant technological innovation.
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Bluetooth Beacons Market Regional Insights:
In the landscape of the Bluetooth Beacons Market, regional dynamics play a pivotal role, offering unique perspectives on market growth and adoption. Notably, North America emerged as a dominant force in 2022, capturing a substantial 39% share of the market. This stronghold is anticipated to continue through the forecast period, fueled by the ongoing adoption of Bluetooth beacon technology in the hospitality and retail sectors. In North America, the retail environment has become increasingly competitive, driving retailers to offer customized deals and coupons to consumers. This has led to personalized alerts and promotions being sent to customers' smartphones in businesses like Walmart, Lord & Taylor, Sephora, and Urban Outfitters, enhancing the shopping experience and bolstering sales. Healthcare and financial institutions are also embracing Bluetooth beacons, with healthcare predicted to exhibit the highest growth rate as it addresses the growing need for emergency response and patient monitoring.
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What is Bluetooth Beacons Market Segmentation:
by Technology
iBeacon
Eddystone
Others
by End-Use
Retail Travel & tourism
Healthcare
Financial institutions
Others
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Who are Bluetooth Beacons Market Key Players:
1. Bluecats
2. Estimote, Inc.
3. Qualcomm Inc
4. Blesh
5. Radius Networks, Inc.
6. Beaconinside GmbH
7. Bluvision, Inc.
8. Polestar
9. Onyx Beacon Ltd
10.Quuppa Oy
11.Accent Advanced Systems
12.SLU
13.MOKOSmart
14.Zebra Technologies Corp.
15.Kartographers Technologies Pvt. Ltd.
16.Kontakt.io
Table of content for the Bluetooth Beacons Market includes:
1. Global Bluetooth Beacons Market: Research Methodology
2. Global Bluetooth Beacons Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Bluetooth Beacons Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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