Spain beacon technology market is anticipated to grow at a significant growth rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region. Moreover, increasing focus on the smart city projects is also leading to an increased demand for products based on beacon technology; thereby, augmenting the market growth.
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Spain has a national plan for intelligent cities, promoted by the Ministry of Industry, Energy, and Tourism. The plan invests $170 million in smart cities development, coordinated efforts between cities, improve communication and offers recommendations for short- and long-term development in all smart city sub-sectors. In Spain, more than 80% of the population resides in urban areas, which is further expected to grow in the near future. Along with UK and Italy, Spain has the largest number of smart cities in the European Union. About 30% of all the smart city initiatives are focused on mobility, and 20% on sustainability, with 10% of improving cities implementing multidimensional plans to address all aspects of society and living.
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Spain Beacon Technology Market Segmentation
By Beacon Protocol
- iBeacon
- Eddystone
- AltBeacon
- Others (GeoBeacon)
By Location Technology
- Bluetooth Low Energy (BLE)
- Wi-Fi
- Ultrasound
- Others (Combined Technology)
By Application
- Retail
- Healthcare
- BFSI
- Logistics and Warehouses
- Others (Travel, Tourism & Hospitality)
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