The latest survey on Beacon Technology Market is conducted to provide hidden gems performance analysis of Beacon Technology to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario in Beacon Technology market has made companies uncertain about their future outlook as the disturbance in the value chain has made a serious economic slump. Some are the key & emerging players that are part of the coverage and profiled in the study are PaeDae, Inc. dba Gimbal (United States), Apple Inc. (United States), Estimote, Inc (United States), RECO by Kontakt.io (Poland), Glimworm Beacons (Netherlands), HID Global Corporation/ASSA ABLOY AB. (Sweden), SAMSUNG (South Korea), Qualcomm Technologies, Inc. (United States), Hewlett Packard Enterprise Development LP. (United States)
According to HTF Market Intelligence, the Global Beacon Technology Market size is estimated to be around USD 3.3 Million in 2023 and is expected to grow at a CAGR of 15% to reach USD 10.6 Million by 2030.
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Beacon Technology Market Overview
Beacon technology is a wireless transmitter that uses low energy Bluetooth technology to send signals to other smart devices. The beacon technology majorly used as location-based technology. This market is reaching a maturity point in the United States majorly in the retail sector. In technical aspects beacons are getting major attraction in contrast to other solutions, it is used for both proximity detection and location estimation. This market has strong growth potential due to the high development in IoT technology.
Market Trends
Advancement of the beacon with artificial technology
Increase adoption of beacon technology for a cross-channel and omnichannel shopping experience
Market Drivers
Increase the penetration of internet of things across the globe
Increase demand for customizing IT infrastructure
Technology or modernization or retail sector
Rising demand for Personalized Shopping Experience on Mobile Devices
Market Opportunities:
Increase number of hypermarket create strong opportunity for beacon provider to track customers in-store environment
Increase demand from the banking sector for providing personalized product offering, branch analytics, and others
Fastest-Growing Region:
Asia Pacific, Middle East, Latin America
Dominating Region:
North America, Europe
Beacon Technology Market Segmentation
Market Analysis by Types: Cloud, On-Premise
Market Analysis by Applications: Travel, Tourism & Hospitality, Real-Estate, Retail, Healthcare, Education, Financial Institution
Market Leaders & Development Strategies:
On 8th December 2022, Accenture acquired The Beacon Group, a growth strategy consultancy firm serving Fortune 500 companies across technology, aerospace, industrial, healthcare, and life sciences industries. Terms of the transaction were not disclosed. Beacon’s team of more than 60 experts in growth strategy, market modeling, and mergers and acquisitions (M&A) advisory, will join Accenture Strategy. The acquisition deepens Accenture’s capabilities that help C-suite leaders make fact-based decisions for targeting, segmentation, and routes to growth.
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Important Features that are under offering & key highlights of the Beacon Technology market report:
1. Why lots of Key players are not profiled in the Study?
–> The market study is surveyed by collecting data from various companies from Beacon Technology industry, and the base for coverage is NAICS standards. However, the study is not limited to profiling only a few companies; connect with sales executives to get a customized list. The standard version of the research report is listed with players like PaeDae, Inc. dba Gimbal (United States), Apple Inc. (United States), Estimote, Inc (United States), RECO by Kontakt.io (Poland), Glimworm Beacons (Netherlands), HID Global Corporation/ASSA ABLOY AB. (Sweden), SAMSUNG (South Korea), Qualcomm Technologies, Inc. (United States), Hewlett Packard Enterprise Development LP. (United States)
2. Does the Scope of the Market Study allow further Segmentation?
—> Yes, for a deep dive analysis add-on segmentation is applicable in a premium customized version of the report to better derive market values. The standard version of this report covers segmentation by Application [Travel, Tourism & Hospitality, Real-Estate, Retail, Healthcare, Education, Financial Institution ], by Type [Cloud, On-Premise], and by regions [In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered , The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa]
3. What level of granularity would the Country landscape cover?
—> In the premium version of the report, two-level of regional segmentations allow user to have access to a country-level break-up of market Size by revenue and volume*
* Wherever applicable
4. Does the Study also provide insights into macroeconomic factors?
—> Yes, the study also includes market factor analysis that includes macroeconomic factors, the inflationary cycle and its impact, and Russia-Ukraine war analysis and its effect on the value/supply chain.
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• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.
• Europe: the United Kingdom, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, Australia, etc.
Reasons to Buy
- Stay tuned with the latest and Beacon Technology market research findings
- Identify segments with hidden growth potential for investment in Beacon Technology
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing.
- Facilitate decision-making based on historic and forecast trends of Beacon Technology market
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Gain a global perspective on the development of the Beacon Technology market
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