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Beacon Technology Market

Beacon Technology - Global Market Outlook (2019-2027)

4.8 (90 reviews)
Published: March 2021 ID: SMRC20359
4.8 (90 reviews)
Published: March 2021 ID: SMRC20359

This report covers the impact of COVID-19 on this global market
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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

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.

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