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.

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.

The increasing IoT penetration and growing government initiatives to improve the retail industry are driving the demand for the market.

Beacon Technology Market Size – USD 2.10 Billion in 2019, Market Growth – CAGR of 44.1%, Market Trends – The rise in the adoption of advanced operational technology in several industries.

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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.

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.

Deployment Outlook (Revenue, USD Billion; 2017-2027)

  • Cloud
  • On-premises

Platform Outlook (Revenue, USD Billion; 2017-2027)

  • Eddystone
  • iBeacon
  • AltBeacon

Technology Outlook (Revenue, USD Billion; 2017-2027)

  • Wi-Fi
  • Bluetooth Low Energy
  • Ultrasound
  • Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Healthcare
  • Real-estate
  • Aviation
  • Banking
  • Hotels
  • Retail
  • Education
  • Others

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Highlights of the TOC: 

Report Overview 
Research Scope
Key Beacon Technology  market segments
Major players
Market analysis by product
Market analysis by application
Report timeline

Global Growth Trends 
Global Beacon Technology  market size
Latest Beacon Technology  market trends
Key growth trends

Competitive Landscape 
Global Beacon Technology  market key players
Global Beacon Technology  size by manufacturers
Products of major players
Entry barriers in the Beacon Technology  market
Mergers, acquisitions, joint ventures, and strategic alliances

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By Regions:

North America

Europe 

Asia Pacific 

Latin America 

Middle East & Africa 

Radical Highlights of the Beacon Technology  Market Report:

Comprehensive overview of the Beacon Technology  market along with analysis of the changing dynamics of the market

Growth Assessment of various market segments throughout the forecast period

Regional and global analysis of the market players, including their market share and global position

Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

Impact of the technological developments and R&D advancements on the Beacon Technology  market

Information about profit-making strategies and developmental strategies of major companies and manufacturers

Insightful information for the new entrants willing to enter the market

Details and insights about business expansion strategies, product launches, and other collaborations

The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Key Questions Answered in the Report:

What is the growth rate of the Beacon Technology  market? What is the anticipated market valuation of Beacon Technology  industry by 2027?

What are the key growth driving and restraining factors of the Beacon Technology  market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Beacon Technology  industry over the forecast period?

Which region is expected to show significant growth in the coming years?

The Global Beacon Technology  Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

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https://www.emergenresearch.com/industry-report/beacon-technology-market

About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

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Contact Us: Eric Lee Corporate Sales Specialist Emergen Research | Web: www.emergenresearch.com Direct Line: +1 (604) 757-9756 E-mail: sales@emergenresearch.com Facebook | LinkdIn | Twitter | Blogs

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