Global Bluetooth Beacons Market Key Players, End User, Demand and Consumption By 2026
Risingadoption rate of Bluetooth beacon in the organised retail sector in order to send pushmessages and notifications to inform customers about their product and ongoingoffers in a most cost-effective way is bolstering the growth of BluetoothBeacons market. In addition, its seamless integration capabilities acrossdevices enhances user experience coupled with its low deployment cost iscontributing towards the global demand of Bluetooth Beacons.
Factors such as very lowpower consumption, cost effective and growing number of smart accessories aresome of the major reasons propelling the growth of global Bluetooth beaconsmarket. Bluetooth Beacons are of great help for indoor navigation, for examplethe location of different departments of an office, college etc. inside thesame building. It is also helpful in finding out exact locations of people orpets within short ranges. It has applications in healthcare too, for patientmonitoring from home.
The Bluetooth Beacons isexpanding rapidly, with its applications in a wide range of fields likehealthcare, Education, Resource management, monitoring and also for storing ofthe obtained data for analysis and forecasting. Another major advantage thatBluetooth Beacons can provide is in the field of logistics. Businessoptimization can be achieved up to a great extent by using this technology inalmost all domains, starting from inventory management, operationaloptimization and finished product optimization. Services industry is also oneof the major clients as well as driver for the service. The Bluetooth Beaconstechnology is still under continuous development and is being worked on forbetter scalability in its application and solve the minor security anduncertainty issues that lie.
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North America held the largest market share in 2018 owingto Bluetoothbeacon’s high penetration in retail sector. However, theAsia Pacific region is expected to grow at the highest CAGR of 79.6% over theforecasted period of 2019-2026 as the retail sector across the region is movingtowards organized retail along with higher penetration of smartphones incountries like China and India will create more demand for the Bluetooth beaconin the region.
Various key players operatingin the market include Texas Instrument, Siliconlabs, Zebra Technologies,BlueCats, Estimote, Kontakt.io, Gimbal etc. The global Bluetooth beacon markethas been segmented based on Technology, Application, and key geographies. Basedon the technology, the global Bluetooth beacon market has been segmented intoiBeacon, Eddystone, and others
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Key questions answered in this research report:
• At what pace is global Bluetooth Beacon marketgrowing, globally? What will be the growth trend in future?
• What are the key drivers and restraints in thecurrent market? What will be the impact of drivers and restraints over thecoming years?
• What are the regional revenue and forecastbreakdowns? Which are the major regional revenue pockets for growth in theglobal Bluetooth beacon market?
• What are the various application areas ofBluetooth Beacon and how they are poised to grow?
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Global Bluetooth Beacons Market