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Global Smart Beacon Market is Estimated at a Record USD 52 Billion by the End of 2027 | Infinium Global Research
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Market Insight
Smart beacons, employing low-energy Bluetooth technology, are diminutive wireless transmitters that emit signals to nearby smart devices. Placed in physical spaces like retail stores, these transmitters emit low-power radio signals, allowing custom notifications to be sent to customers as they navigate the stores or interact with products. Leveraging Bluetooth technology, these devices estimate smartphone positions and interact with them, enabling data exchange. Smart beacon technology relies on Distance, Proximity, and Notification, enabling businesses to attract customers and enhance in-store shopping experiences. The COVID-19 outbreak significantly impacted global industries, with retail stores and manufacturing-the primary consumers of beacon technology-halted or slowed down operations. Nevertheless, the increased digitization and automation efforts are anticipated to augment the smart beacon market's share in the future.
Drivers and Industry Trends
The surge in digitization and the escalating use of smart devices are primary factors expected to propel global market growth. This growth trajectory is bolstered by increased internet penetration and heightened global customer spending. The transportation and logistics industry continues to exhibit growing demand for smart beacons. However, challenges such as limited technological expertise and technological constraints of Bluetooth Low Energy technology might impede market growth. The expanding end-user industries, including retail, public transportation, logistics, and hospitality, present promising avenues for smart beacon growth.
Regional Outlook and Market Segmentation
North America emerged as the leading region in the global smart beacon market in 2020, attributed to increased research and development expenditure and the presence of major market players. The region's growing adoption of smart beacon technology across various end-user industries like retail, public transportation, logistics, and hospitality fuels market growth. Conversely, the Asia Pacific region is poised to exhibit the highest growth rate in the global Smart Beacon Market. Countries like China, India, and Australia witness increased beacon technology adoption in highly developed economies. The burgeoning demand for indoor positioning and navigation systems, coupled with government initiatives for smart city projects, drives beacon technology demand in this region.
Market Segments
The report segments the market based on standard type (iBeacon, eddystone, and others), connectivity (Bluetooth Low Energy [BLE], Wi-Fi, and hybrid), and end-users (retail, hospitality, transportation & logistics, healthcare, BFSI, education, among others).
Key Market Players
The report profiles major market players, including Cisco Systems Inc, Leantegra Inc, Kontakt.io Inc, Fujitsu Components Ltd, Gimbal Inc, HID Global Corporation, Accent Systems, Onyx Beacon, Beaconinside, and JAALEE Technology.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Smart Beacon Market Highlights
2.2. Smart Beacon Market Projection
2.3. Smart Beacon Market Regional Highlights
Chapter 3. Global Smart Beacon Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Restraints
3.2.3.Opportunities
3.3. Analysis of COVID-19 impact on the Smart Beacon Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1.IGR-Growth Matrix Analysis by Standard Type
3.5.2.IGR-Growth Matrix Analysis by Connectivity
3.5.3.IGR-Growth Matrix Analysis by End-User
3.5.4.IGR-Growth Matrix Analysis by Region
3.6. Value Chain Analysis of Smart Beacon Market
Chapter 4. Smart Beacon Market Macro Indicator Analysis
Chapter 5. Global Smart Beacon Market by Standard Type
5.1. iBeacon
5.2. Eddystone
5.3. Others
Chapter 6. Global Smart Beacon Market by Connectivity
6.1. Bluetooth Low Energy [BLE]
6.2. Wi-Fi
6.3. Hybrid
Chapter 7. Global Smart Beacon Market by End-user
7.1. Retail
7.2. Hospitality
7.3. Transportation & Logistics
7.4. Healthcare
7.5. BFSI
7.6. Education
7.7. Others
Chapter 8. Global Smart Beacon Market by Region 2021-2027
8.1. North America
8.1.1.North America Smart Beacon Market by Standard Type
8.1.2.North America Smart Beacon Market by Connectivity
8.1.3.North America Smart Beacon Market by End-User
8.1.4.North America Smart Beacon Market by Country
8.2. Europe
8.2.1.Europe Smart Beacon Market by Standard Type
8.2.2.Europe Smart Beacon Market by Connectivity
8.2.3.Europe Smart Beacon Market by End-User
8.2.4.Europe Smart Beacon Market by Country
8.3. Asia-Pacific
8.3.1.Asia-Pacific Smart Beacon Market by Standard Type
8.3.2.Asia-Pacific Smart Beacon Market by Connectivity
8.3.3.Asia-Pacific Smart Beacon Market by End-User
8.3.4.Asia-Pacific Smart Beacon Market by Country
8.4. RoW
8.4.1.RoW Smart Beacon Market by Standard Type
8.4.2.RoW Smart Beacon Market by Connectivity
8.4.3.RoW Smart Beacon Market by End-User
8.4.4.RoW Smart Beacon Market by Sub-region
Chapter 9. Company Profiles and Competitive Landscape
9.1. Competitive Landscape in the Global Smart Beacon Market
9.2. Companies Profiles
9.2.1.Cisco Systems Inc
9.2.2.Leantegra Inc
9.2.3.Kontakt.io Inc
9.2.4.Fujitsu Components Ltd
9.2.5.Gimbal Inc
9.2.6.HID Global Corporation
9.2.7.Accent Systems
9.2.8.Onyx Beacon
9.2.9.Beaconinside
9.2.10. JAALEE Technology
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of smart beacon.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2027.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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