Beacon Technology Market Outlook, Key Prospects, Pricing Strategies, Forecast and Top Manufacturers
- elizabethsanchez28
- Jul 5, 2021
- 4 min read
The global Beacon Technology Market is forecasted to be worth USD 35.15 Billion by 2027, according to a current analysis by Emergen Research. The beacon technology market is anticipated to grow substantially owing to the growing Internet of Things technology penetration, increasing investments in proximity marketing, and rising demand for sensor-based devices in different industries. The growth in organized retail stores provides the players functioning in the beacon technology market with sufficient growth prospects. With the support of government organized retail outlets are growing substantially, such as supermarkets, department stores, and hypermarkets, which is expected to fuel the market growth shortly.
The report is furnished with the impact of the current COVID-19 pandemic. The pandemic is rearranging every aspect of the market from the global economic scenario to product demands and supply chains. The report assesses the hardest-hit sectors of the industry to offer a better understanding of the changes in the Beacon Technology market. The report is updated with the initial and future assessment of the impact of the COVID-19 pandemic on the Global Beacon Technology Market.
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Key Highlights From The Report
· In April 2020, Estimote Inc. has implemented its technical expertise to create a new device named “Proof of Health”, specially designed to reduce the COVID-19 spread. The company has introduced a unique variety of wearables that can improve employees' safety for those who need to be co-located in a workplace environment, while measures of social distance and physical isolation are in place.
· Attributed to the increasing implementation of cloud-enabled low-energy Bluetooth networks, the high cost of network systems, and the complicated implementation & maintenance of such networks, the cloud segment is anticipated to dominate the market with a CAGR of 44.5% during the forecast period.
· Due to the presence of supermarket giants such as Walmart, Kroger, and Tesco in this region, the North America region held the largest market throughout the forecast timeframe. Due to increasing government support to strengthen the retail business, the Asia Pacific region is anticipated to grow substantially.
· Key participants include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Radius Networks Inc., Kontakt.io, Swirl Networks, Inc., and Estimote Inc., among others.
Market Segmentation:
Emergen Research has segmented the global Beacon Technology Market on the basis of deployment, platform, technology end-use, and region:
· Deployment Outlook (Revenue, USD Billion; 2017-2027)
o Cloud
o On-premises
· Platform Outlook (Revenue, USD Billion; 2017-2027)
o Eddystone
o iBeacon
o AltBeacon
· Technology Outlook (Revenue, USD Billion; 2017-2027)
o Wi-Fi
o Bluetooth Low Energy
o Ultrasound
o Others
· End-Use Outlook (Revenue, USD Billion; 2017-2027)
o Healthcare
o Real-estate
o Aviation
o Banking
o Hotels
o Retail
o Education
o Others
The most prominent geographical segments covered in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Fundamental Market Parameters Elucidated in the Report:
Market dynamics: The Beacon Technology market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.
Competitive Outlook: The established market players operating in the Beacon Technology industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the Beacon Technology industry, the leading players are focusing more on offering products at rational prices.
Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Beacon Technology market.
Table Of Content:
Chapter 1. Methodology & Deployments 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Deployments 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Deployments 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Beacon Technology Market Segmentation & Impact Analysis 4.1. Beacon Technology Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing IoT pentration 4.2.2.2. Growing government initiatives to improve retail idustry 4.2.2.3. Rising adoption of advanced operational technology 4.2.3. Market restraints analysis 4.2.3.1. High setup cost 4.2.3.2. Lack of security 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Beacon Technology Market By Deployment Insights & Trends Revenue (USD Billion) 5.1. Deployment Dynamics & Market Share, 2019 & 2027 5.1.1. Cloud 5.1.2. On-premises
CONTINUED…!
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