Smart Beacon Market (Technology, Market Size, Growth, Factors & Players) - Global Forecast Till 2025

Smart Beacon Market Scope

Market Research Future (MRFR) in its latest “Smart Beacon Market” reports, that the global market of smart beacon is expected to increase to a valuation of about USD 25,000.0 million by 2025 from USD 1,240.0 million in 2018. MRFR also asserts that the worldwide market of smart beacon is likely to thrive at a lucrative CAGR of nearly 54% during the forecast years of 2018 to 2025.

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Market Synopsis

Smart beacon are used for indoor navigation. The technology uses low energy bluetooth technology to send and receive signals to nearby smart gadgets. Smart beacons are being used across retail outlets, airports, offices, transportation, and education industries. The surge in demand for smart beacons for indoor navigation is expected to be the underlining factor for the global smart beacon market to grow. Additionally, the incorporation of IoT and cloud computing technologies is also expected to surge the market growth. Smart beacons are also noted to control entertainment units, thermostats, home appliances, security systems, surveillance cameras, and fixtures via smartphones. This is likely to bolster the market expansion. Self-powered and use of small transmitters are major features of smart beacons. Hence, they assist in generating accurate and timely data. These beacons are also applied to broadcast advertising services and information for publicity and promotional events or message. These can also escalate the market.

Market Segmental Analysis

The global market of smart beacon is studied in segments. The segmental analysis of the market is done by connectivity type, beacon standard, component, and end user. By beacon standard, the market is segmented into Eddystone, iBeacon, and others. By connectivity type, the market is segmented into Wi-Fi, hybrid, and Bluetooth low energy (BLE). By component, the market is segmented into hardware, service, and software. By end user, the market is segmented into transportation & logistics, retail, hospitality, automotive, aviation, healthcare, BFSI, education, and others.

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Market Key Players

The companies that are operating in the market are expected to encounter a wide range of opportunities to enhance their smartphone apps with the advent of BLE beacons. These eminent companies are extensively focusing on scrutinizing strategies of their co-contenders and analyse scopes for emerging rivals. This, in turn, is allowing them to stay ahead of game-changing innovations. The significant key players of the smart beacon market that are listed by MRFR are; Aruba-Hewlett Packard Enterprise Company (US), Estimote, Inc. (US), Cisco Systems Inc. (US), Kontakt.io (Poland), Leantegra Inc. (US), Bluvision-HID Global Company (US), Accent Advanced Systems, Gimbal, Inc. (US), SLU (Spain), Sensoro Co., Ltd (US), Swirl Networks (US), JAALEE Technology (China), Blue Cats (Australia), BlueUp Srls (Italy), Square Metrics GmbH (Germany), Radius Networks Inc. (US), Bleesk Benelux Sprl (Spain), Resono (Netherlands), and others.

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