Beacon Technology Market
Beacon Technology - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Beacon Technology market is accounted for $1.58 billion in 2019 and is expected to reach $34.48 billion by 2027 growing at a CAGR of 47.0% during the forecast period. The extensive usage of technology in industry verticals, growing adoption of IoT, demand for location-based marketing solutions, and increasing penetration of mobile devices are the major factors driving the market growth. However, presence of alternatives, high initial setup cost and security issues are restraining the market growth.
Beacons are small wireless transmitters that use Bluetooth low energy (BLE) technology to send signals to smart devices by conducting a location-based search. The beacon technology is mostly used in location-based technology. Most of the beacons come in a standard size of a Wi-Fi router; each beacon has a unique number and letter ID, and Bluetooth broadcasts identification information several times a second. Beacons are used as proximity technology to detect human presence in nearby areas with an average range of 70 meters. These beacons get activated after detecting the human presence and record human actions to deliver contextual, personalized, and informational experiences.
Based on the deployment model, the on-cloud segment is going to have high growth during the forecast period due to the rising implementation of cloud-enabled BLE networks, which will eliminate the high costs related to overlay networks and complicated deployment & operation of these networks. These cloud-based networks aid in finding the accurate location, marketing & engagement, and replacements of battery-powered beacons through network-managed virtual beacons with simplicity and scalability which accelerates the demand for cloud-based platforms.
By geography, North America is going to have lucrative growth during the forecast period due to the early adoption of the technology in numerous industries across the region because of the increasing demand for proximity tools in the retail and public sectors. The government in this region is focusing on smart city initiatives, which, in turn, is resulting in the deployment of Bluetooth low energy (BLE) devices.
Some of the key players profiled in the Beacon Technology Market include Accent Advanced Systems, Apple Inc., Beaconinside, Blue Sense Networks, BlueCats, Estimote Inc., Gimbal, Glimworm Beacons, Google Inc., Kontakt.io, Madison Beacons, Onyx Beacon Ltd, Radius Networks Inc., Sensorberg, Swirl Networks, Samsung, Bluvision Inc., and ROXIMITY
Components Covered:
• Hardware
• Software
Technologies Covered:
• Bluetooth Low-Energy (BLE)
• Combined Technologies
• Ultrasound
• Wi-Fi
Deployment Models Covered:
• On-Premise
• On-Cloud
Applications Covered:
• Travel, Tourism & Hospitality
• Financial Institutions
• Transportation & Logistics
• Healthcare
• Education
• Retail
• Real-Estate
• Banking, Financial Services, and Insurance (BFSI)
• Automotive
• Sports
• Aviation
• Hotels
• Indoor Positioning and Navigation
• Employee Attendance and Tracking
• Facilities Management
• Payments
Platforms Covered:
• iBeacon
• GeoBeacon
• AltBeacon
• Eddystone
• Paypal
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Beacon Technology Market, By Component
5.1 Introduction
5.2 Hardware
5.3 Software
6 Global Beacon Technology Market, By Technology
6.1 Introduction
6.2 Bluetooth Low-Energy (BLE)
6.3 Combined Technologies
6.4 Ultrasound
6.5 Wi-Fi
7 Global Beacon Technology Market, By Deployment Model
7.1 Introduction
7.2 On-Premise
7.3 On-Cloud
8 Global Beacon Technology Market, By Application
8.1 Introduction
8.2 Travel, Tourism & Hospitality
8.3 Financial Institutions
8.4 Transportation & Logistics
8.5 Healthcare
8.6 Education
8.7 Retail
8.8 Real-Estate
8.9 Banking, Financial Services, and Insurance (BFSI)
8.10 Automotive
8.11 Sports
8.12 Aviation
8.13 Hotels
8.14 Indoor Positioning and Navigation
8.15 Employee Attendance and Tracking
8.16 Facilities Management
8.17 Payments
9 Global Beacon Technology Market, By Platform
9.1 Introduction
9.2 iBeacon
9.3 AltBeacon
9.4 Eddystone
9.5 Paypal
9.6 GeoBeacon
10 Global Beacon Technology Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Accent Advanced Systems
12.2 Apple Inc.
12.3 Beaconinside
12.4 Blue Sense Networks
12.5 BlueCats
12.6 Estimote Inc.
12.7 Gimbal
12.8 Glimworm Beacons
12.9 Google Inc.
12.10 Kontakt.io
12.11 Madison Beacons
12.12 Onyx Beacon Ltd
12.12 Radius Networks Inc.
12.14 Sensorberg
12.15 Swirl Networks
12.16 Samsung
12.17 Bluvision Inc.
12.18 ROXIMITY
List of Tables
1 Global Beacon Technology Market Outlook, By Region (2018-2027) (US $MN)
2 Global Beacon Technology Market Outlook, By Component (2018-2027) (US $MN)
3 Global Beacon Technology Market Outlook, By Hardware (2018-2027) (US $MN)
4 Global Beacon Technology Market Outlook, By Software (2018-2027) (US $MN)
5 Global Beacon Technology Market Outlook, By Technology (2018-2027) (US $MN)
6 Global Beacon Technology Market Outlook, By Bluetooth Low-Energy (BLE) (2018-2027) (US $MN)
7 Global Beacon Technology Market Outlook, By Combined Technologies (2018-2027) (US $MN)
8 Global Beacon Technology Market Outlook, By Ultrasound (2018-2027) (US $MN)
9 Global Beacon Technology Market Outlook, By Wi-Fi (2018-2027) (US $MN)
10 Global Beacon Technology Market Outlook, By Deployment Model (2018-2027) (US $MN)
11 Global Beacon Technology Market Outlook, By On-Premise (2018-2027) (US $MN)
12 Global Beacon Technology Market Outlook, By On-Cloud (2018-2027) (US $MN)
13 Global Beacon Technology Market Outlook, By Application (2018-2027) (US $MN)
14 Global Beacon Technology Market Outlook, By Travel, Tourism & Hospitality (2018-2027) (US $MN)
15 Global Beacon Technology Market Outlook, By Financial Institutions (2018-2027) (US $MN)
16 Global Beacon Technology Market Outlook, By Transportation & Logistics (2018-2027) (US $MN)
17 Global Beacon Technology Market Outlook, By Healthcare (2018-2027) (US $MN)
18 Global Beacon Technology Market Outlook, By Education (2018-2027) (US $MN)
19 Global Beacon Technology Market Outlook, By Retail (2018-2027) (US $MN)
20 Global Beacon Technology Market Outlook, By Real-Estate (2018-2027) (US $MN)
21 Global Beacon Technology Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2018-2027) (US $MN)
22 Global Beacon Technology Market Outlook, By Automotive (2018-2027) (US $MN)
23 Global Beacon Technology Market Outlook, By Sports (2018-2027) (US $MN)
24 Global Beacon Technology Market Outlook, By Aviation (2018-2027) (US $MN)
25 Global Beacon Technology Market Outlook, By Hotels (2018-2027) (US $MN)
26 Global Beacon Technology Market Outlook, By Indoor Positioning and Navigation (2018-2027) (US $MN)
27 Global Beacon Technology Market Outlook, By Employee Attendance and Tracking (2018-2027) (US $MN)
28 Global Beacon Technology Market Outlook, By Facilities Management (2018-2027) (US $MN)
29 Global Beacon Technology Market Outlook, By Payments (2018-2027) (US $MN)
30 Global Beacon Technology Market Outlook, By Platform (2018-2027) (US $MN)
31 Global Beacon Technology Market Outlook, By iBeacon (2018-2027) (US $MN)
32 Global Beacon Technology Market Outlook, By AltBeacon (2018-2027) (US $MN)
33 Global Beacon Technology Market Outlook, By Eddystone (2018-2027) (US $MN)
34 Global Beacon Technology Market Outlook, By Paypal (2018-2027) (US $MN)
35 Global Beacon Technology Market Outlook, By GeoBeacon (2018-2027) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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