Beacon Technology - Global Market Outlook (2019-2027)

Beacon Technology - Global Market Outlook (2019-2027)

According to Stratistics MRC, the Global Beacon Technology market is accounted for $1.58 billion in 2019 and is expected to reach $34.48 billion by 2027 growing at a CAGR of 47.0% during the forecast period. The extensive usage of technology in industry verticals, growing adoption of IoT, demand for location-based marketing solutions, and increasing penetration of mobile devices are the major factors driving the market growth. However, presence of alternatives, high initial setup cost and security issues are restraining the market growth.

Beacons are small wireless transmitters that use Bluetooth low energy (BLE) technology to send signals to smart devices by conducting a location-based search. The beacon technology is mostly used in location-based technology. Most of the beacons come in a standard size of a Wi-Fi router; each beacon has a unique number and letter ID, and Bluetooth broadcasts identification information several times a second. Beacons are used as proximity technology to detect human presence in nearby areas with an average range of 70 meters. These beacons get activated after detecting the human presence and record human actions to deliver contextual, personalized, and informational experiences.

Based on the deployment model, the on-cloud segment is going to have high growth during the forecast period due to the rising implementation of cloud-enabled BLE networks, which will eliminate the high costs related to overlay networks and complicated deployment & operation of these networks. These cloud-based networks aid in finding the accurate location, marketing & engagement, and replacements of battery-powered beacons through network-managed virtual beacons with simplicity and scalability which accelerates the demand for cloud-based platforms.

By geography, North America is going to have lucrative growth during the forecast period due to the early adoption of the technology in numerous industries across the region because of the increasing demand for proximity tools in the retail and public sectors. The government in this region is focusing on smart city initiatives, which, in turn, is resulting in the deployment of Bluetooth low energy (BLE) devices.

Some of the key players profiled in the Beacon Technology Market include Accent Advanced Systems, Apple Inc., Beaconinside, Blue Sense Networks, BlueCats, Estimote Inc., Gimbal, Glimworm Beacons, Google Inc., Kontakt.io, Madison Beacons, Onyx Beacon Ltd, Radius Networks Inc., Sensorberg, Swirl Networks, Samsung, Bluvision Inc., and ROXIMITY

Components Covered:
• Hardware
• Software

Technologies Covered:
• Bluetooth Low-Energy (BLE)
• Combined Technologies
• Ultrasound
• Wi-Fi

Deployment Models Covered:
• On-Premise
• On-Cloud

Applications Covered:
• Travel, Tourism & Hospitality
• Financial Institutions
• Transportation & Logistics
• Healthcare
• Education
• Retail
• Real-Estate
• Banking, Financial Services, and Insurance (BFSI)
• Automotive
• Sports
• Aviation
• Hotels
• Indoor Positioning and Navigation
• Employee Attendance and Tracking
• Facilities Management
• Payments

Platforms Covered:
• iBeacon
• GeoBeacon
• AltBeacon
• Eddystone
• Paypal

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Beacon Technology Market, By Component
5.1 Introduction
5.2 Hardware
5.3 Software
6 Global Beacon Technology Market, By Technology
6.1 Introduction
6.2 Bluetooth Low-Energy (BLE)
6.3 Combined Technologies
6.4 Ultrasound
6.5 Wi-Fi
7 Global Beacon Technology Market, By Deployment Model
7.1 Introduction
7.2 On-Premise
7.3 On-Cloud
8 Global Beacon Technology Market, By Application
8.1 Introduction
8.2 Travel, Tourism & Hospitality
8.3 Financial Institutions
8.4 Transportation & Logistics
8.5 Healthcare
8.6 Education
8.7 Retail
8.8 Real-Estate
8.9 Banking, Financial Services, and Insurance (BFSI)
8.10 Automotive
8.11 Sports
8.12 Aviation
8.13 Hotels
8.14 Indoor Positioning and Navigation
8.15 Employee Attendance and Tracking
8.16 Facilities Management
8.17 Payments
9 Global Beacon Technology Market, By Platform
9.1 Introduction
9.2 iBeacon
9.3 AltBeacon
9.4 Eddystone
9.5 Paypal
9.6 GeoBeacon
10 Global Beacon Technology Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
12 Company Profiling
12.1 Accent Advanced Systems
12.2 Apple Inc.
12.3 Beaconinside
12.4 Blue Sense Networks
12.5 BlueCats
12.6 Estimote Inc.
12.7 Gimbal
12.8 Glimworm Beacons
12.9 Google Inc.
12.10 Kontakt.io
12.11 Madison Beacons
12.12 Onyx Beacon Ltd
12.12 Radius Networks Inc.
12.14 Sensorberg
12.15 Swirl Networks
12.16 Samsung
12.17 Bluvision Inc.
12.18 ROXIMITY
List of Tables
Table 1 Global Beacon Technology Market Outlook, By Region (2018-2027) (US $MN)
Table 2 Global Beacon Technology Market Outlook, By Component (2018-2027) (US $MN)
Table 3 Global Beacon Technology Market Outlook, By Hardware (2018-2027) (US $MN)
Table 4 Global Beacon Technology Market Outlook, By Software (2018-2027) (US $MN)
Table 5 Global Beacon Technology Market Outlook, By Technology (2018-2027) (US $MN)
Table 6 Global Beacon Technology Market Outlook, By Bluetooth Low-Energy (BLE) (2018-2027) (US $MN)
Table 7 Global Beacon Technology Market Outlook, By Combined Technologies (2018-2027) (US $MN)
Table 8 Global Beacon Technology Market Outlook, By Ultrasound (2018-2027) (US $MN)
Table 9 Global Beacon Technology Market Outlook, By Wi-Fi (2018-2027) (US $MN)
Table 10 Global Beacon Technology Market Outlook, By Deployment Model (2018-2027) (US $MN)
Table 11 Global Beacon Technology Market Outlook, By On-Premise (2018-2027) (US $MN)
Table 12 Global Beacon Technology Market Outlook, By On-Cloud (2018-2027) (US $MN)
Table 13 Global Beacon Technology Market Outlook, By Application (2018-2027) (US $MN)
Table 14 Global Beacon Technology Market Outlook, By Travel, Tourism & Hospitality (2018-2027) (US $MN)
Table 15 Global Beacon Technology Market Outlook, By Financial Institutions (2018-2027) (US $MN)
Table 16 Global Beacon Technology Market Outlook, By Transportation & Logistics (2018-2027) (US $MN)
Table 17 Global Beacon Technology Market Outlook, By Healthcare (2018-2027) (US $MN)
Table 18 Global Beacon Technology Market Outlook, By Education (2018-2027) (US $MN)
Table 19 Global Beacon Technology Market Outlook, By Retail (2018-2027) (US $MN)
Table 20 Global Beacon Technology Market Outlook, By Real-Estate (2018-2027) (US $MN)
Table 21 Global Beacon Technology Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2018-2027) (US $MN)
Table 22 Global Beacon Technology Market Outlook, By Automotive (2018-2027) (US $MN)
Table 23 Global Beacon Technology Market Outlook, By Sports (2018-2027) (US $MN)
Table 24 Global Beacon Technology Market Outlook, By Aviation (2018-2027) (US $MN)
Table 25 Global Beacon Technology Market Outlook, By Hotels (2018-2027) (US $MN)
Table 26 Global Beacon Technology Market Outlook, By Indoor Positioning and Navigation (2018-2027) (US $MN)
Table 27 Global Beacon Technology Market Outlook, By Employee Attendance and Tracking (2018-2027) (US $MN)
Table 28 Global Beacon Technology Market Outlook, By Facilities Management (2018-2027) (US $MN)
Table 29 Global Beacon Technology Market Outlook, By Payments (2018-2027) (US $MN)
Table 30 Global Beacon Technology Market Outlook, By Platform (2018-2027) (US $MN)
Table 31 Global Beacon Technology Market Outlook, By iBeacon (2018-2027) (US $MN)
Table 32 Global Beacon Technology Market Outlook, By AltBeacon (2018-2027) (US $MN)
Table 33 Global Beacon Technology Market Outlook, By Eddystone (2018-2027) (US $MN)
Table 34 Global Beacon Technology Market Outlook, By Paypal (2018-2027) (US $MN)
Table 35 Global Beacon Technology Market Outlook, By GeoBeacon (2018-2027) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.

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