DUBLIN--(BUSINESS WIRE)--The "Global Beacons Technology Market - Analysis and Forecast: 2017 to 2026 Focus on Protocol Types (iBeacon, Eddystone, and Others) and End Users (Retail, Real Estate, Transport, Hospitality, Education and Others)" report has been added to Research and Markets' offering.
The beacons technology market generated $519.6 million in the year 2016
The beacons technology market is experiencing an advanced rate of growth over the past couple of years due to an increasing demand for beacons for providing location-based marketing solutions from the retailers. The beacons technology market has witnessed a high growth rate owing to the increase in the IoT spending, a rise in the demand for beacons to provide location-based marketing, and development visions for smart cities across the globe.
Recent innovations in beacon standards, protocols, and services have enabled the beacons technology to reach a wider segment of consumers in the industry. Companies are developing various software for beacon-enabled proximity platforms, such as content management system, analytical system, mobile apps, firmware, and Software Development Kits (SDKs), among others, to make the beacons system cost-effective, durable, and efficient. This, in effect, is expected to increase competition in the near future as well as facilitate the utilization of beacons for varied applications. Increasing market penetration of beacons technology in emerging sectors: airport, railways, real estate, automobile, and hotel, continued advancements in Bluetooth technology, and beacons gaining traction in enterprises for Industry 4.0 are the major factors which are expected to create lucrative opportunities for the market in the next five years.
Market Dynamics
Drivers
- Increase in Internet of Things (IoT) Spending
- Rise in Demand of Beacons for Providing Location Based Marketing
- Development Visions for Smart City across the Globe
Challenges
- Dependency on Bluetooth Enabled Mobile Devices With Compatible Software Application
- Significant Reduction in Maintenance Cost
Opportunities
- Increasing Market Penetration of Beacons Technology into Emerging Sectors
- Continued Advancements in Bluetooth Technology
- Beacons Gaining Traction in Enterprises - Industry 4.0
Key Topics Covered:
1 Research Scope & Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Beacons Technology Market
6 Global Beacons Technology Market by Protocol Type
7 Global Beacons Technology Market by End User
8 Global Beacons Technology Market by Region
9 Company Profiles
- Accent Advanced Systems, SLU
- Aruba Networks, Inc.
- BKON Connect, Inc.
- Beaconinside GmbH
- Blue Sense Networks Ltd.
- BlueCats Australia Pty Ltd.
- Bluvision Inc.
- Estimote, Inc.
- Fujitsu Ltd.
- G24 Power Ltd.
- Gimbal, Inc.
- Glimworm Beacons
- Onyx Beacon Ltd.
- Radius Networks, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/wndb6w/global_beacons
