The Beacon Market CAGR 48.9% is projected to grow from USD 1.36 million in 2019 to USD 31.61 billion by 2026.

A beacon is a wireless transmitter that sends data to nearby smart devices, such as smartphones and tablets, using low-energy Bluetooth, Wi-Fi, or hybrid technology. The beacon produces information in the form of films, discounts, URL forms, and other formats. Beacon devices are typically used for applications like mapping and location-based services and are equipped with "received signal strength indicator" (RSSI) estimates. Beacons technically broadcast a variety of signals, including radio, ultrasonic, optical, and laser signals, to help find and pinpoint the location of a device in order to carry out a task.

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DEMANDING INDUSTRY PLAYERS

In 2018, Kontakt.io became one of the key players with a significant share of the Beacon market revenue. The company offers a wide range of products, including proprietary Bluetooth enabled Beacons, Bluetooth low energy (BLE) tags, sensors, internet of things (IoT) platforms, and others. The business also provides beacon software, which helps users create applications for shopping and payment in stores, monitoring healthcare, and outdoor and interior navigation. At the moment, Kontakt.io is concentrating on creating a solution based on insights from location data.

The companies that follow are a few of the major businesses profiled: 

• Accent Advanced Systems, SLU.
• Aruba Networks, Inc.
• Blue Sense Networks
• BlueCats
• Estimote, Inc.
• Gelo, Inc.
• Glimworm Beacon
• io
• Sensorberg GmbH

The "Beacon Market Report 2019" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.

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SCOPE & SEGMENTATION ASSOCIATED WITH REPORT

By Component:

• Hardware (Volume (Million Units)
• Platform / Software Development Kit (SDK)

 By Connectivity Type:

• Bluetooth Low Energy (BLE)
• Wi-Fi
• Hybrid
• Other (NFC/RFID)

 By End-use:

• Residential
• Commercial
• Retail
• Hospitality
• Entertainment
• Healthcare
• Banking, Financial Services, Insurance (BFSI)
• Transportation & Logistics
• Other (Education, etc.)

By Region

• North America (the U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain and the Rest of Europe)
• Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)
• Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)
• Latin America (Brazil, Mexico, and the Rest of Latin America)

Aspects crucial to understanding the industry are explored in the study, including the most recent market dynamics, growth potential, and development trends, as well as industry hurdles, threats to development, and risk factors. The information is simple to understand according to this comprehensive market overview. The study also provides an analytical view of the international marketplace sector, including market forecasts for the present and the future.

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What insights does the Beacon Market report provide to the readers?

• Beacon Market fragmentation on the basis of product type, end user, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Beacon Market player.
• Various regulations imposed by the governments on the consumption of Beacon Market in detail.

The inspirations for investing in this report

• The research provides a detailed overview of the market by defining, describing, and classifying it.
• The study includes the SWOT analysis and business plans of each vendor in the industry.
• The provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
• The study offers a thorough analysis of the business's landscape, a competitive landscape analysis, and significant market strategies.

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