Press release
Beacons Management Software Market: Global Report Unprecedented Growth Projected in Sector 2024
Beacons Management Software Market
According to a recent report published by Allied Market Research, titled, Beacons Management Software Market by Component and End User: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global beacons management software market was valued at $1,979 million in 2017, and is projected to reach at $6,516 million by 2024, growing at a CAGR of 18.70% from 2018 to 2024.
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Beacon management software is indispensable for corporations or commercial spaces with multiple deployed beacons. The placement of numerous beacons poses a challenge in analyzing associated features, such as monitoring the battery status across various physical locations. Additionally, it offers insights into visitor activities and their engagements with received messages. This system is pivotal in proximity marketing across diverse industries, tailoring Bluetooth Low Energy (BLE) signals to company marketing strategies through customizable dashboards in the beacon management software.
Rise in need for managing multiple beacons deployed in commercial spaces or retail stores, penetration of IoT, increase in automation of building management, and increase in adoption of beacons technology drive the global beacons management software market. In addition, the evolving smart cities are expected to create numerous opportunities for the growth of the market. However, limitations on beacons deployment hampers the beacons management software market growth.
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Based on end user, the retail segment led the beacons management software market in 2017, and is projected to maintain its dominance in the future. However, the non-retail segment is expected to witness the highest growth, owing to its increased adoption due to different initiatives taken by countries to develop the smart cities where these beacons are used extensively creating the demand for beacons management software.
The global beacons management software market was led by the North America in 2017 and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth registering a CAGR of 23.7% during the forecast period.
Some of the key players operating in the beacons management software market and are profiled in the report include Aruba by HP, Beaconinside GmbH, BlueCats, Estimote Inc., Glimworm Beacons, Kontakt.io, MobStac Inc., Quuppa Oy, Relution Inc., and Sensoro Co. Ltd.
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The report focuses on the growth prospects and restraints of the beacon management software market based on the analysis of regional trends. The study provides Porters Five Forces analysis of the industry to understand the impact of various factors such as the bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyer on beacons management software market growth.
Key Benefits for Stakeholders:
• This study includes the analytical depiction of the global beacons management software market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities.
• The current beacons management software market is quantitatively analyzed from 2018 to 2024 to highlight the financial competency of the industry.
• Porters Five Forces analysis illustrates the potency of buyers & suppliers in the global beacons management software industry.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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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 in making strategic business decisions and achieving sustainable growth in their respective market domains.
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