Beacon Technology Market Is Likely to Experience a Tremendous Growth by 2028

Beacon is a small, inexpensive wireless device that broadcasts signals using Bluetooth Low Energy BLE or Bluetooth SMART technology. Mobile applications on compatible devices are able to listen to the signals of beacons on the proximity zone, and then trigger an experience such as sending a promotional notification, coupon, video, URL form and others through the application. In addition, beacon technology is widely adopted in various sectors such as retail, healthcare, travel and tourism and education due to its advantages such as a high degree of accuracy compared to other geo location technologies, low impact on the battery life of the device, no internet connection required as it communicates via Bluetooth and others.

Company Profile

• Apple
• BlueCats Australia Pty Limited
• Dell Technologies Inc.
• Estimote
• Hewlett Packard Enterprise Company
• io
• Beaconinside GmbH
• Onyx Beacon Ltd.

Market Segmentation

By Type

• iBeacon
• Eddystone
• AltBeacon

By Technology

• BLE (Bluetooth)
• Wi-Fi
• Ultrasound
• Combined Technology

By Application

• Retail
• Travel, Tourism & Hospitality
• Healthcare
• BFSI

Scope of the Report

The research study analyzes the Beacon Technology Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Beacon Technology Market Report

1. What was the Beacon Technology Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Beacon Technology Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Beacon Technology Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Beacon Technology Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Beacon Technology
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Beacon Technology
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Beacon Technology Market.