Global Beacon Market

The global beacons market is anticipated to reach USD 31.61 billion by 2026, with a promising CAGR of 48.9% within the forecast period of 2019 to 2026. This is attributable to the increasing adoption of advanced communication technologies worldwide.

Techno giants such as Google LLC. and Apple, Inc. has created its own beacon protocol viz., Eddystone and iBeacons for operating as per customer’s requirements. Such innovations by major industries are likely to help augment the global beacons market size in the forecast period.

Fortune Business Insights™ provides a comprehensive overview of the beacons market in their recently published report titled, "Beacons Market Size, Share & Industry Analysis, By Component (Hardware and Platform / Software Development Kit (SDK)), By Connectivity Type (Bluetooth Low Energy (BLE), Wi-Fi, Hybrid and Others), By Deployment (Indoor and Outdoor), By End-use (Residential and Commercial) and Regional Forecast, 2019-2026".

As per the report, the market value was USD 1.36 billion in 2018. Additionally, the report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other beacons market trends. The report is available for sale on the company website.

Wireless Communication Facility to Help Promote Growth

Beacons are wireless transmitter devices used for generating information in the form of promotional videos, notifications, coupons, URL forms, and others. These devices are capable of operating in low-energy Bluetooth, hybrid technology or Wi-Fi for transferring information to the surrounding smart devices such as tablets, smartphones, and others.

The fact that beacons can operate in low Bluetooth connectivity is a major factor promoting the beacons market growth. In addition to this, beacons also do not require any internet connection and are capable of cloud storage for enhancing the experience of the customer. The aforementioned factor is further prognosticated to attract high beacons market revenue in the forecast duration.

Major industry developments of the beacons market include:

June 2017 – A hybrid asset tracking solution was launched by Aruba Networks, Inc. This solution is based on the Internet of Things (IoT) and is developed for integration in wireless platforms of the network.

October 2018 – Beacons equipped with Over the Air (OTA) technology was launched by BlueCats. These advanced beacons are expected to provide the AES Encryption module as they are enabled with PLUS Location Engine for forwarding data to the cloud so that the platform can run automatically.

Key Beacon market manufacturers include:

• Blue Sense Networks
• Aruba Networks, Inc.
• Gelo, Inc.
• Accent Advanced Systems, SLU.
• BlueCats
• Glimworm Beacons
• Estimote, Inc.
• Sensorberg GmbH
• Kontakt.io

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions.