Pune, Maharashtra -- (SBWIRE) -- 08/14/2023 -- The Global Beacon Technology Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are PaeDae, Inc. dba Gimbal (United States), Apple Inc. (United States), Estimote, Inc (United States), RECO by Kontakt.io (Poland), Glimworm Beacons (Netherlands), HID Global Corporation/ASSA ABLOY AB. (Sweden), SAMSUNG (South Korea), Qualcomm Technologies, Inc. (United States), Hewlett Packard Enterprise Development LP. (United States).

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Definition:
Beacon technology is a wireless transmitter that uses low energy Bluetooth technology to send signals to other smart devices. The beacon technology is majorly used as location-based technology. This market is reaching a maturity point in the United States majorly in the retail sector. In technical aspects beacons are getting major attraction in contrast to other solutions, it is used for both proximity detection and location estimation. This market has strong growth potential due to the high development in IoT technology.

Market Trends:
Advancement of the beacon with artificial technology
Increase adoption of beacon technology for a cross-channel and omnichannel shopping experience

Market Drivers:
Increase the penetration of Internet of things across the globe
Increase demand for customizing IT infrastructure
Technology or modernization or retail sector
Rising demand for Personalized Shopping Experience on Mobile Devices

Market Opportunities:
Increase number of hypermarket create strong opportunity for beacon provider to track customers in-store environment
Increase demand from the banking sector for providing personalized product offering, branch analytics, and others

Global Beacon Technology Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: PaeDae, Inc. dba Gimbal (United States), Apple Inc. (United States), Estimote, Inc (United States), RECO by Kontakt.io (Poland), Glimworm Beacons (Netherlands), HID Global Corporation/ASSA ABLOY AB. (Sweden), SAMSUNG (South Korea), Qualcomm Technologies, Inc. (United States), Hewlett Packard Enterprise Development LP. (United States)

Additionally, Past Global Beacon Technology Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

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Segmentation and Targeting

Essential demographic, geographic, psychographic, and behavioural information about business segments in the Beacon Technology market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.

Beacon Technology Product Types In-Depth: Cloud, On-Premise

Beacon Technology Major Applications/End users: Travel, Tourism & Hospitality, Real-Estate, Retail, Healthcare, Education, Financial Institution

Beacon Technology Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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