Global Smart Beacon Market is Expected to Grow at a CAGR of 54.5% during the Forecast period (2016-2024)

New York, USA, 2018-Dec-06 — /EPR Network/ —  According to Goldstein Research, major driving factor for the growth of smart beacon market is the rising demand for instant communication to transfer information from any sector to the people around. Smart beacons have become one of the important aspects of IoT, which is pushing the growth of Smart Beacon Market. The regions which have a high penetration of smartphones and tablets are the ones using beacons at a large extent. Global Smart Beacon Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe.

Additionally, North America has the largest market share of 33.4% in 2016, of the total global smart beacon market.

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Market Segmentation

On the basis of our in-depth analysis, global smart beacon market can be segmented as follows:

By Beacon Standards

  • iBeacon
  • Eddystone
  • Others

By Beacon Offering

  • Hardware
  • Software
  • Services

By Connectivity Type

  • Bluetooth Low Energy
  • Hybrid

By End-User

  • Retail Industry
  • Healthcare industry
  • Transportation and Logistics Industry
  • Events Management Industry
  • Aviation Industry
  • Hospitality Industry
  • Banking and Financial Industry

Based on Geography

  • North America (U.S. & Canada) Smart beacon Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Smart beacon Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Smart beacon Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Smart beacon Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Smart beacon Market {Market Share (%), Market Size(USD Billion)}

“Global Smart Beacon Market Outlook 2024” contains detailed overview of the global smart beacon market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by beacon standards, by beacon offering, by connectivity type and by end-users.

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Further, for the in-depth analysis, Global Smart Beacon Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Estimote, Aruba,, Cisco, Bluvision, Onyx Beacon, Leantegra, Gimbal, Accent Systems, Swirl Networks, Sensoro, JAALEE Technology, Beaconinside, Blesh, BlueUp. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global smart beacon market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market-centric approaches according to the ongoing and expected trends in the future.

Smart Beacon Market is driving on the basis of advancement in mentioned below industry

Smart Airport Market

Smart Airport Market is growing at fast pace all over the globe, owing to the adoption of advanced technologies such as IoT. According to Goldstein Research, global smart airport solution market size is expected to reach USD 18.76 billion by 2024 from an estimated market size of USD 7.38 billion in 2015, growing at a CAGR of 12.3% during the forecast period 2016-2024.

Big Data Market

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Sensors Market

The Sensors Market is set to harness market revenue of USD 250 billion by 2025 growing at a CAGR of 11.60% over the forecast period (2017-2025).  Asia Pacific Sensors Market region accounted for the largest revenue share of 39.7% in 2017 of the global sensors market on the back of high industrial and economic development activities in the region including smart cities, robotics, smart industrial equipment among others.

Smart Transportation Market

Smart Transportation Market is likely to reach USD 251.40 billion by 2024, expanding at a CAGR of 16.75% from 2016 to 2024.High adoption rate of cloud based technologies along with advancements in transportation industry is fuelling the growth of smart transportation market all across the globe.


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