The Bluetooth Beacons Market is expected to grow at a significant CAGR during the forecast period (2024-2031). Bluetooth beacons are a type of short-range wireless communication technology. BLE beacons are ideal for applications that require a regular data transfer and need to save a lot of battery power. BLE beacon technology is being used in a variety of industries, including retail, travel & tourism, healthcare, and education, due to advantages such as high accuracy compared to existing geolocation technologies, low battery drain, and no need for an internet connection to communicate.
Get Free Sample link @ https://www.omrglobal.com/request-sample/bluetooth-beacons-market
Several factors influence the global Bluetooth beacon and iBeacon market, including the use of beacons in retail stores to engage customers, consistent growth in smartphone technology, the emergence of smart home automation, growing adoption of RTLS, growing use of beacons in the hospitality sector, rising use of beacons in the industrial sector to improve security measures, and the development of RTLS. These factors have driven the growth of the Bluetooth beacon and iBeacon markets significantly.
Beacons technology has changed the operations of early adopters by enabling a new degree of client interaction through customization. The rising prominence of location-based marketing in the retail business can be ascribed to the growth potential. For brick-and-mortar shops, combining the advantages of a physical shopping experience with the benefits of a digital environment has become critical. Furthermore, investments in proximity solutions are on the rise, resulting in lower marketing and advertising expenditures.
The market is growing due to increased awareness of BLE beacon technology and innovation in information technology solutions such as the Internet of Things (IoT). Furthermore, the rising need for smartphone usage and development in organized retail, such as supermarkets, discounters, department shops, and hypermarkets, has resulted in a desire for BLE beacon to make organized retail establishments smarter, driving the BLE beacon market growth.
Uber announced the release of Beacon 2.0, an upgraded version of its bright Beacon device, in October 2019. The digital display is designed to fit on the dashboard of a car and will glow a certain hue that customers choose in the app to assist them to identify the appropriate car in busy circumstances. The digital display on the Beacon also advises passengers to wear a seatbelt, gently latch car doors, and exit curbside.
Full report of Bluetooth Beacons Market available @ https://www.omrglobal.com/industry-reports/bluetooth-beacons-market
Market Coverage
- Segment Covered-
o By Type – IBeacon, Eddystone
o By Application – Proximity Marketing, Asset Tracking, Indoor Navigation
o By Industry Vertical – Retail, Healthcare, Travel & Tourism, BFSI Oil & Gas, Automotive, Healthcare
- Competitive Landscape: Estimote Inc., K2B Solutions, Hewlett Packard Enterprise Development LP, Google LLC, Apple Inc., Onyx Beacon, and Kontakt.io among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Bluetooth Beacons Market Report
By Type
- IBeacon
- Eddystone
By Application
- Proximity Marketing
- Asset Tracking
- Indoor Navigation
By Industry Vertical
- Retail
- Healthcare
- Travel & Tourism
- BFSI
- Oil & Gas
- Automotive
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bluetooth-beacons-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
