Global Smart Beacon Market 2021: Global Industry Analysis by Top Countries Data with Size, Share, Segments, Drivers and Growth Insights to 2030

In a recent published report, Kenneth Research has updated the market report for Global Smart Beacon Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Smart Beacon Market products.

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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.

Global Smart Beacon Market By Component (Hardware, Software, and
Services), End-user (Retail, Transportation & Logistics, Sports, Public
Gatherings & Spaces, Hospitality, Others), and Region (North America,
Europe, Asia Pacific, RoW) – Forecast up to 2025

This market research report includes a detailed segmentation of the global smart beacon market by component (hardware, software, and services), end-user (retail, transportation & logistics, sports, public gatherings & spaces, hospitality, others), and region (North America, Europe, Asia Pacific, RoW)

Overview: Global Smart Beacon Market Digital transformation has become pivotal to an organization’s future success. Like never, today’s customers are more digitalized and willing to use smart apps for lifestyle management. As a result, companies are focusing on developing a customer-centric strategy to enhance the customer experience. This has created the demand for smart beacons across verticals, as these beacons are equipped to connect with the customer more precisely by delivering more personalized content such as customized promotional offers and other personalized information.

In 2012, Bluetooth SIG announced BLE features with version 4.0 of the Bluetooth specification and commercialized with the launch of Apple’s iBeacon in 2013. In 2015, Google launched Eddystone, and the adoption of Eddystone has started to increase because of its functionality. Eddystone is an open beacon format that offers three payload types – Eddystone URL, Eddystone UID (unique ID), and Eddystone TLM (telemetry information).

Google has launched two APIs (Nearby API and Proximity Beacon API) that help Eddystone to gain more prominence. But in October 2018, Google announced that Android will discontinue support for Nearby Notifications from December 6th, 2018, due to misuse of the service resulting in irrelevant and spammy marketing messages being delivered as notifications on Android phones. As a result, many considered proximity marketing is no longer viable, but the market continued to grow due to consumer willingness to download branded app promoted by the company to its product or service.

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20182025$XX Mn $XX Mn CAGR53.6%2019 -2025

Market Segmentation: Global Smart Beacon Market The global smart beacon market is segmented into components, end-users, standard, and regions.

Based on components, the global smart beacon market is segmented into
hardware, software, and services.

Based on end-users, the global smart beacon market is segmented into retail, transportation & logistics, sports, public gatherings & spaces,
hospitality, and others. The retail segment was dominant in 2018 and is expected to remain dominant throughout the forecast period. This is mainly due to the increasing focus on enriching customers with better location and proximity-based user experiences.

Based on the standard, the global smart beacon market is segmented into iBeacon, Eddystone, and others. Among others, the Eddystone segment is projected to be the fastest-growing segment, valued at more than $500 million in 2018, and is expected to grow at a CAGR of 67.8% during the forecast period 2019–2025.

Regional Outlook: Global Smart Beacon Market Regionally, the global smart beacon market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In terms of revenue, Europe dominates the global smart beacons market, contributing around 47% market share in 2018 and is likely to maintain significant market share throughout the forecast period. This is mainly due to continuous preference for location-based services particularly in transport & logistics, retail, and tourist destinations. Asia Pacific is identified as the fastest-growing
region, i.e., at a CAGR of 58.2% during the forecast period 2019–2025.

Competitive Analysis and Key Vendors: Smart Beacon Market
The report covers and analyzes the global smart beacon market. Vendors are increasingly focusing on developing new use cases, product innovation, and expanding their distribution network.

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Few of the Key Vendors in the Smart Beacon Market
ï‚· Hewlett Packard Enterprise (Aruba Networks)
ï‚· Estimote, Inc.
ï‚· Bluvision Inc.
ï‚· Radius Networks, Inc.
ï‚· Accent Advanced Systems, SLU
ï‚· BlueUp Srls
ï‚· Sensoro Co., Ltd.
ï‚· Shenzhen Minew Technologies Co., Ltd.

The report on the smart beacon market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The study offers a comprehensive analysis of the “global smart beacon market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and
technologies related to the market. In addition, it helps the venture capitalists, smart beacon vendors, component manufacturers, contract manufacturers, and distributors to understand revenue opportunities across different segments to execute better investment evaluation.

Global Smart Beacon Market: Market Segmentation
ï‚· Global Smart Beacon Market, By Component
o Hardware
o Software
o Services

ï‚· Global Smart Beacon Market, By End-user
o Retail
o Transportation & Logistics
o Sports
o Public Gatherings & Spaces
o Hospitality
o Others

ï‚· Global Smart Beacon Market, By Geography
o North America
o Europe
o Asia Pacific
o RoW

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