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Global Bluetooth Beacon And Ibeacon Market: Industry Survey, Market Size, Competitive Trends, Outlook and Through 2025
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The global Bluetooth beacon and iBeacon market is influenced by several aspects such as implementation of beacons in retail stores to engage customers, consistent growth in smartphone technology, emergence of smart home automation, growing adoption of RTLS, increasing use of beacons in the hospitality sector, rising use of beacons in the industrial sector to enhance security measures, development of virtual beacons, growing penetration of internet, contactless payments and mobile marketing and increasing use of beacons in fleet management. These aspects have pushed the growth pace of the Bluetooth beacon and iBeacon market to a large extent. There are certain factors that can pose a challenge to the growth of the global market. Aspects such as problems associated with Bluetooth and less awareness are posing hindrances to the growth of the global market.
The global Bluetooth beacon and iBeacon market is projected to grow at an enormous rate to reflect a CAGR of 91.4% throughout the forecast period to reach an estimation of more than US$ 37 Bn by the end of the assessment year (2025) from a valuation of about US$ 200 Mn in 2017.
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The global Bluetooth beacon and iBeacon market research report has covered in-depth analysis on key players operating in the market. Key strategies, developments and innovations, product portfolio, mergers and acquisitions, geographical spread and key financials of major players in the Bluetooth beacon and iBeacon market such as Texas Instruments Inc., Nordic Semiconductor ASA, Silicon Laboratories Inc., Onyx Beacon LTD, Estimote, Inc., Kontakt Micro-Location Sp. Z.o.o., BlueCats Australia Pty Limited, Gimbal, Inc., Blue Sense Networks Ltd., Accent Advanced Systems, SLU, Glimworm Beacons, Aruba Networks, Sensorberg Gmbh and Radius Networks, Inc., have been systematically crafted in this research report.
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