The global iBeacon market is expected to grow at a significant CAGR during the forecast period 2024-2031. An iBeacon is a device that uses Bluetooth Low Energy (BLE) solutions and it can work in a small-scale network. This device can operate as a transmitter that tracks and detect smartphones within a range. iBeacon is Bluetooth technology that transmits a specified ID and this ID is recognized by an operating system of smartphones or mobile apps. The Beacon is a major device from which the iBeacon has been delivered. The beacon includes three major types of equipment a CPU, batteries and radios to perform their operations and to deliver iBeacon.
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The major factor that is anticipated to drive the market growth of the global iBeacon market is the increasing installation of beacons among various retail stores to captivate consumers. The rapidly increasing number of mobile and smartphone technologies and rising supplication of beacons in industries for improved safety is expected to drive the market growth of the global iBeacon market during the forecast period.
The emerging technological advancement is in trends for iBeacon and its app development to elevate their reach toward consumers and to supplement the demand for efficient technologies in-store to attract more consumers and to deliver instant notification systems to consumers from the store premises. The increasing advancement for tracing and authorization to activate location service is ongoing emergence in the global iBeacon market that is expected to flourish the market growth by inducing lucrative growth opportunities during the forecast period.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Apple, Estimote, Gimbal, Kontakt, Gelo and 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?
Global iBeacon Market by Segment
By Type
- Close Distance
- Medium Distance
- Long Distance
By Application
- Advertising
- Indoor Navigation
- Notification & Alert
- Monitoring
- Real-Time Analysis
- Quick Interactions
- Others
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