Beacon Technology Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028, Segmented By Protocol Type (iBeacon, Eddystone, AltBeacon, GeoBeacon, Others), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Component (Hardware, Software, Services), By Connectivity Type (Bluetooth Low Energy (BLE), Wi-fi, Hybrid), By Deployment (Indoor, Outdoor), By E
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBeacon Technology Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028, Segmented By Protocol Type (iBeacon, Eddystone, AltBeacon, GeoBeacon, Others), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Component (Hardware, Software, Services), By Connectivity Type (Bluetooth Low Energy (BLE), Wi-fi, Hybrid), By Deployment (Indoor, Outdoor), By E
Global Beacon Technology Market is expected to grow during the forecast period owing to the following factors such as increasing demand from retail industry, ongoing smart city projects, rising Bluetooth beacons in public transport, etc.
Beacons are tiny physical devices, which screen a radio signal that can be detected by smartphones. They work when a piece of code is added to mobile apps that enable Smartphone Bluetooth technology to detect a beacon’s specific signal. Moreover, Beacon has a wide array of solid business benefits that includes low cost, easy to adopt, reliability scalability, and easy implementation.
Moreover, Internet of Things (IoT) helps to have every individual interconnected with their surroundings and to interact with them through smart devices. In recent years, Bluetooth Low Energy (BLE) technology, commonly known as beacons has become popular in the smart infrastructures, the medical and retail industry, and many more, due to its availability in a plethora of wireless devices. Beacons are widely used in IoT devices, such as smartphones, smartwatches, etc. Beacons are small, low cost and low power, wireless transmitters that bring attention to their location by broadcasting a signal with a unique identifier at regular intervals. Beacons are a promising solution for many smart city applications from proximity marketing to indoor navigation. However, they do pose security and privacy challenges.
Global Beacon Technology MarketDrivers
Increasing Demand from Retail Industry-
Ongoing Smart City Projects-
Rise of Bluetooth Beacons in Public Transport-
Transformation of Healthcare Industry Using Beacon Technology-
Global Beacon Technology MarketChallenges
Limited Beacon Range-
Spoofing-
Risk of Unlawful Surveillance-
Impact of COVID-19 on Global Beacon Technology Market
The Covid-19 pandemic impacted the growth of the Beacon Technology market due to the lockdown imposed by many governments around the world. Moreover, a disruption in the production of electronics further hampered beacon sales. However, beacons are being increasingly utilized, especially in the healthcare industry, to prevent the spread of the virus.
Recent Development in Global Beacon Technology Market
Danaher Corporation announced in November 2022 that it has partnered strategically with Duke University to establish the first Danaher Beacon for Gene Therapy Innovation. A new venture called Danaher Beacons aims to use ground-breaking science to develop tools and software that will enhance human health. With an emphasis on next-generation biomanufacturing, human systems, data sciences, precision diagnostics, genomic pharmaceuticals, and next-generation manufacturing, the program invests in product innovation to improve external R&D plans.
In March 2022, Beacon Red and Huawei collaborated to reinforce and enhance their disruptive offerings, allowing companies to deliver continued leading-edge ICT infrastructure and cyber security initiatives, and ultimately provide a secure future for the UAE.
Market Segments
Global Beacon Technology market is segmented based on protocol type, organization size, component, connectivity type, deployment, end use, and region. Based on protocol type, the market is segmented into iBeacon, Eddystone, AltBeacon, GeoBeacon, and others. Based on organization size, the market is segmented into small & medium enterprises and large enterprises. Based on component, the market is segmented into hardware, software, and services. Based on connectivity type, the market is segmented into Bluetooth Low Energy (BLE), Wi-fi, and hybrid. Based on deployment, the market is segmented into indoor and outdoor. Based on end use, the market is segmented into retail, healthcare, travel & tourism, education, real estate, digital advertising, and others.
Market Players
Major market players in the Global Beacon Technology Market are
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Protocol Type Organization Size Component Connectivity Type Deployment End Use Region |
| Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa, South America, |
| Country scope | United States, Canada, Mexico, China, India, Japan, South Korea, Singapore, Germany, Italy, UK, France, Spain, UAE, Saudi Arabia, South Africa, Brazil, Argentina, Chile |
| Key companies profiled | Accent Advanced Systems, SLU., Kontakt.io Inc., Estimote, Inc., Apple Inc., Gimbal, Inc. Hewlett Packard Enterprise Development LP, Sensorberg GmbH, IBM India Private Limited, Cisco Systems, Inc., HID Global Corporation. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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