Following aspects are kept into view while building Smart Beacon Market report and include the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in this industry report. Data models employed for the research methodology are merchant positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, thorough analysis and vendor share analysis.
Smart Beacon Market research report is one of the unsurpassed and comprehensive market research reports which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of semiconductors and electronics industry. The report showcases the trends that are in vogue, the regions that are growing, the various types of products available and the potential of the industry to provide solutions for a large population. An excellent Smart Beacon Market report acts as an authentic source of information which puts forth a telescopic view of the current market trends, situations, opportunities, and status.
Data Bridge Market Research analyses that the smart beacon market will exhibit a CAGR of 54.05% for the forecast period of 2022-2029. Therefore, the smart beacon market value would rocket up to USD 5,362.89 million by 2029.
Definition
Smart Beacon Also known as proximity beacon, smart beacon is used to send signals using the Bluetooth technology. Smart beacon is a wireless transmitter that operates on low energy Bluetooth to transfer the data or information to the nearby designated devices.
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Key Growth Drivers:
Rising globalization and growth in the demand from the automotive industry will emerge as the major market growth driving factors. Growing focus on business intelligence to gain competitive advantage, surging use of spatial data in analytics, increasing demand for smart beacons for indoor navigation and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and growth and expansion of various end user verticals especially in the developing regions will further carve the way for the growth of the market.
However, dearth of knowledge and technological expertise will act as a growth restraint for the market. Technological challenges, interoperability issues and limited sensing capabilities of Bluetooth low energy technology will further dampen the growth rate of the market. Large scale technological limitations in the underdeveloped economies and rising security and privacy concerns will further challenge the market growth rate.
The report emphasizes the participation of key entities, notably:
- Hewlett Packard Enterprise Development LP
- Cisco Systems, Inc.
- PaeDae, Inc. dba Gimbal
- Onyx Beacon
- Sensoro Co., Ltd.
- io
- Chengdu JAALEE Technology Co., Ltd.
- Bluvision Inc.
- Swirl Networks
- Leantegra Inc.
- BLESH
- Accent Advanced Systems, SLU.
- BlueUp Srl.
- Beacon Inside
- HID Global Corporation
- GeLo Inc.
- Glimworm Beacons
- Sensorberg
- Thales Group
- Qualcomm Technologies, Inc.
Report Objective:
- Investigate the smart beacon market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
- Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in smart beacon .
- Streamline initial research efforts by identifying smart beacon market growth, size, key players, and segments, saving valuable time.
- Highlight pivotal industry trends in the smart beacon market to empower players in devising effective, sustainable strategies.
- Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
- Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.
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Key Market Segmentation
By Connectivity Type (Bluetooth Low Energy (BLE) and Hybrid), Beacon Standard (Ibeacon and Eddystone), Offerings (Hardware, Software and Service), End User (Transportation and Logistics, Retail, Public Gatherings and Spaces, Hospitality, Healthcare, Automotive, Banking, Financial Services, and Insurance (BFSI), Sports¸ Education and Aviation),
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