Smart Beacon Market Size, Status, Top Players, Trends and Forecast to 2028

By Sachin Pashte  | Date: November 01, 2022

Smart Beacon Market Size, Status, Top Players, Trends and Forecast to 2028

Market Study Report has added a new report on Smart Beacon market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Smart Beacon market in tandem with its competitive terrain.

Market Study Report has added a new report on Smart Beacon market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Smart Beacon market in tandem with its competitive terrain.

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Global Smart Beacon Market Analysis and Forecast 2019-2028 The global smart beacon market is expected to witness a robust growth rate of more than 34.3% during the forecast period. Smart beacons are small, wireless transmitters and micro location-based technology devices that use Bluetooth technology to send signals to other smart devices nearby.

The smart beacon detects the location of the devices and then starts tracking. They are widely used in various industries including retail, hospitality, transportation and logistics, education, and others. The market growth is attributed to the growing need for spatial data for analytics, growth in proximity marketing, increasing adoption of smartphones, and the development of advanced communication technologies like smart wearables.

Market Segmentation

The global smart beacon market has been analyzed on the basis of component, standard, connectivity type, end use, and region. based on component, the market is segmented into hardware, software, and services. Among these, hardware segment is estimated to hold a prominent share while service segment is projected to exhibit considerable growth during the forecast period. Based on standard, the market is bifurcated into iBeacon and eddystone. Among these, iBeacon is estimated to hold a prominent share in the market.

Based on connectivity type, the market is segmented into Bluetooth Low Energy (BLE), Wi-Fi, and hybrid. BLE segment held the dominant share in the market. Further, on the basis of end use, the market covers the analysis of retail, transportation & logistics, aviation, healthcare, BFSI, automotive, and others. Retail segment is estimated to hold a significant share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Market Structure and Competition Landscape

The growth of the global smart beacon market is characterized by the presence of players operating in the market. Some of the players operating in the market include Fujitsu Components Ltd., Aruba Networks (Hewlett Packard Enterprise Development LP), HID Global Corporation (ASSA ABLOY), Leantegra Inc., Sensoro Co. Ltd., Radius Networks, Kontakt.io, Cisco System Inc., Tuya Inc., Estimote Inc., JAALEE Technology Co. Ltd., Accent Advanced Systems SLU, and others.

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Collaborations and product launches are some of the key strategies followed by industry players. Some of the key

developments in the global smart beacon market include:

•          In July 2021, China-based Tuya Inc. launched Tuya Beacon, a developer-friendly Bluetooth protocol to empower the intelligent upgrade and transformation of smart devices with location-based technology.

•          In March 2019, Estiomote released a new generation of proximity beacons that have a Bluetooth 5 chip, long-lasting batteries, temperature monitoring, RGB-color LED for configuration feedback, and AR VLC, among other features.

Full Report Summary At: https://www.marketstudyreport.com/reports/growth-opportunity-analysis-in-the-global-smart-beacon-market?utm_source=ibmag.com&utm_medium=AG    

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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