The Bluetooth Beacons Market is expected to grow at a significant CAGR during the forecast period (2021-2027). 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.
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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.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Type – IBeacon, Eddystone
- By Application – Proximity Marketing, Asset Tracking, Indoor Navigation
- 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?
- Recovery Timeline
- Deviation from pre-COVID forecast
- 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?
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A full Report of Global Bluetooth Beacons Market is Available at: https://www.omrglobal.com/industry-reports/bluetooth-beacons-market
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
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
