Bluetooth LE Beacon Market To Expand With A CAGR Of 22.0% From 2017-2025

April 16, 2018Smart.Rebranding

Bluetooth LE Beacon Market To Expand With A CAGR Of 22.0% From 2017-2025

Depending on a new market research report authored by Credence Research, “Bluetooth LE Beacon Market(by Operating Platform (Open Source, Closed Source), By End-use (Retail, Public Infrastructures, Others)) Market – Growth, Prospective Buyers and Competitive Landscape, 2017-2025”, Beacon sector is anticipated to thrive at a CAGR 22.0% from 2017 to 2025.

The full report can be obtained at http://www.credenceresearch.com/report/bluetooth-beacon-market

Market Insights

Mobile and wireless communication technologies have emerged dramatically in the past few decades. Continuing development of advanced cellular communication is estimated to grow a lot more in the forth-coming years, seeing adoption throughout different application. The retail industry is one such vertical continually working towards strengthening their buyer experience by setting up more modern engagement models. Some of them are fascinating LED billboards, interactive billboards, and facial analytics/identification. This makes the retail industry highly promising for customer engagement technologies similar to BTLE Beacon. BTLE Beacon is one of the many wireless communication techniques developed in the present day using which the retail companies (outlet stores) can connect with their buyers.

The iBeacon market has seen significant growth since its first release in 2013. Smart Beacon features Bluetooth low energy (BLE) and has proven to be a very easy one-way communication channel. Bluetooth Beacons are available for both open source and closed source platform and for that reason, can be used for a wide variety of applications. Likewise, the installation and operation cost of Bluetooth Beacon is very low-priced making it a lasting solution for the retail companies, therefore improving brand advertising and marketing. Companies are voluntarily following this new method of engaging their potential customers. Furthermore, iBeacon finds its application in public places similar to airports, automatic parking systems, navigation inside the buildings and others to help the people by providing important info right to their smartphone’s.

Perimeter Beacon Market is segmented in accordance with platform, end-use, and geography. On such basis as the platform, Smart Beacon is classed as open source iBeacons and closed source Beacon. Open source BTLE Beacon are commonly applicable for android platform, while the closed source Beacon is deployed for IOS operating-system. Depending on the end-use segmentation, Beacons are classified for retail, public amenities, and other applications. The other applications segment involve indoor navigations and healthcare applications.

Around the globe, The USA leads the overall BTLE Beacon market. Europe succeeds the North American Perimeter Beacon market, in terms of revenue. Asia-Pacific is anticipated to emerge as the fastest rising market for iBeacon technology because of the big prospect of the retail industry. BLE Beacon market is predicted to grow significantly in Asia Pacific in the forecast period.

Competitive Insights:

iBeacon market is still in its nascent stage, with a small number of countries witnessing their use. The market comprises a big number of manufacturers, with most of them concentrating on creating energy-efficient BLE Beacons based on open source platform. BTLE Beacon suppliers just like Aruba (a Hewlett-Packard Enterprise Company), Estimote, Inc., Gimbal, Inc., Kontakt.io, Radius Networks, Inc., BlueCats, Blue Sense Networks, Glimworm Beacon, Sensorberg GmbH, and others are developing the technology by increasing battery life and getting better other technical specification particularly operating range. Another significant strategy taken by the market members is designing low-priced Marketing Beacon for small retail markets.

Key Trends

Continue efforts by the retail industry in the direction of more effective customer captivation
Improving worldwide sales channel in order to keep and expand the sales
Consistent growth in wireless communication as well as the smartphone technology
Consentrate on widening the application area of Bluetooth Beacons

According to https://newspharmaceuticals.com/79469/bluetooth-beacon-market-to-expand-with-a-cagr-of-22-0-from-2017-2025/

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