iBeacon Market To Inflate With A CAGR Of 22.0% From 2017-2025

According to a fresh market research report authored by Credence Research, “Beacon Market(by Operating Platform (Open Source, Closed Source), By End-use (Retail, Public Infrastructures, Others)) Market – Growth, Future Prospects and Competitive Landscape, 2017-2025”, Proximity Beacon sector is believed to grow at a CAGR 22.0% from 2017 to 2025.

The complete report can be bought at http://www.credenceresearch.com/report/bluetooth-beacon-market

Market Insights

Mobile and wireless communication technologies have emerged drastically in the past few decades. Improvement of advanced cellular communication is estimated to grow a lot more in the approaching years, noticing adoption across different application. The retail industry is one such vertical constantly working towards enhancing their buyer experience by setting up more recent engagement models. Some of them are appealing LED billboards, interactive billboards, and facial analytics/identification. This makes the retail industry hugely promising for customer engagement technologies that include iBeacon. Proximity Beacon is one of the many wireless communication techniques developed recently using which the retail firms (outlets) can get connected to their clients.

The BTLE Beacon market has witnessed great growth since its first launch in the year 2013. BTLE Beacon features Bluetooth low energy (BLE) and has been confirmed to be an effortless one-way communication channel. BTLE Beacons are available for both open source and closed source platform thus can be used for various applications. Besides, the installation and operating cost of BTLE Beacon is very cost effective making it a long lasting solution for the retail companies, consequently boosting brand advertising. Companies are voluntarily adopting this new way of attracting their customers. What is more, Marketing Beacon finds its application in public places particularly airports, automatic parking systems, navigation inside the buildings and others to guide the people through providing info right to their mobile phones.

Bluetooth LE Beacon Market is segmented based upon platform, end-use, and geography. On such basis as the platform, Bluetooth LE Beacon is classified as open source Proximity Beacons and closed source BLE Beacon. Open source Bluetooth LE Beacon are typically applicable for android platform, while the closed source BLE Beacon is deployed for IOS operating system. Depending on the end-use segmentation, iBeacons are sorted for retail, public area, and other applications. The other applications segment include indoor navigations and health care applications.

In the world, The United States leads the entire Bluetooth LE Beacon market. Europe succeeds the North American Bluetooth LE Beacon market, in terms of revenue. Asia-Pacific is expected to come up as the fastest thriving market for Beacon technology as a result of the enormous chance of the retail industry. Smart Beacon market is expected to grow significantly in Asia Pacific during the forecast period.

Competitive Insights:

Bluetooth LE Beacon market is still in its nascent stage, with not many countries seeing their use. The market comprises a huge number of manufacturers, with the majority of them devoted to designing energy efficient Beacons based on open source platform. iBeacon brands including Aruba (a Hewlett-Packard Enterprise Company), Estimote, Inc., Gimbal, Inc., Kontakt.io, Radius Networks, Inc., BlueCats, Blue Sense Networks, Glimworm Beacon, Sensorberg GmbH, and others are developing the technology by increasing life cycle of battery and bettering other technical specification including operating range. One other main strategy adopted by the market participants is building cost effective BTLE Beacon for small retail sectors.

Significant Trends

Continue efforts by the retail industry towards more efficient customer interaction
Improving global sales channel as a way to retain and broaden the sales
Constant growth in wireless communication and the smartphone technology
Consentrate on stretching the application area of Beacons

In accordance with https://newspharmaceuticals.com/79469/bluetooth-beacon-market-to-expand-with-a-cagr-of-22-0-from-2017-2025/