Bluetooth Beacons Market

Global Bluetooth Beacons Market Size is Expected to Grow at a Compound Annual Growth Rate (CAGR) of 80% by 2026

The new report by Expert Market Research titled, ‘Global Bluetooth Beacons Market Size Report and Forecast 2021-2026’, gives in-depth analysis of the Global Bluetooth Beacons market, assessing the market based on its segments like Technology, End-Uses, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026): –

  • Forecast CAGR (2021-2026): 80 %

The growth of the Bluetooth Beacons market is enhanced by the adoption rate of Bluetooth Beacons in the organised retail sector in order to deliver push messages and alerts to remind consumers about their goods and ongoing deals in the most cost-effective manner.

Furthermore, its seamless system integration capabilities improve user experience coupled with its low cost of implementation, adding to the global market for Bluetooth Beacons.

Industry Definition and Major Segments

Organizations use beacons to relay information and data that is contextually relevant to users at particular locations. Through delivering context-aware information to mobile users, they open up the possibility of connecting the online virtual environment with the offline physical world.

In the form of warnings, Bluetooth beacons relay signals and messages to smart devices within range. Essentially, they consist of a chip on a small circuit board and separate electronic components.

On the basis of Technology, the industry is divided into:

  • Eddystone
  • iBeacon
  • Alt Beacon
  • Others

On the basis of End-Uses, the industry is divided into:

  • Travel and Tourism
  • Retail
  • BFSI
  • Healthcare
  • Others

On the basis of Region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Market Trends

The growth of the Bluetooth beacon market is escalating with a rise in organised retailing such as hypermarkets, supermarkets, specialty stores, department stores, cash and carry stores, and discounters. This is because in the retail industry, Bluetooth beacons are used to offer offers, flash sales, product details to consumers or to simply speed up the checkout process by contactless payment systems.

In the retail sector, product delivery and multichannel marketing have become main trends, and this is driving the growth of the demand for Bluetooth beacons, as manufacturers are forced to build beacon apps.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/bluetooth-beacons-market

Bluetooth beacons are also in high demand from airports and ground transit hubs because they enable passengers to obtain instant alerts of flight delays, departures, and details about gates and platforms.

In the coming years, North America is projected to be a highly lucrative area for the growth of Bluetooth beacons. In terms of growth and revenue generation, the area has represented its high potential in this sector over the past few years.

Key Market Players

The major players in the market are Estimote, Inc., Accent Advanced Systems, S.L.U., MOKOSmart, Zebra Technologies Corp., Kartographers Technologies Pvt. Ltd., Radius Networks, Inc., Kontakt.io and others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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