Having been chronicled as one of the most opportunistic business spheres for potential investments, the growth chart of beacon technology market

Ocean View, DE -- (SBWire) -- 06/23/2020 --Having been chronicled as one of the most opportunistic business spheres for potential investments, the growth chart of beacon technology market is forecast to be exponential over the coming seven years. The commercialization potential of the entire business space is quite evident from the estimates by Global Market Insights, Inc., that claims beacon technology market to exceed a valuation of USD 25 billion by 2024.

The technology has been creating a buzz since for a while now, particularly post the introduction of Apple's first Bluetooth based ibeacon protocol in the year 2013. How beacon technology is making a head way across myriad end-use domains in a comparatively short span has been a subject of contention for tech investors. Given the backdrop of a tech-driven era, the surging demand for proximity based merchandizing solutions in the retail space, as per experts' opinion, can be fundamentally credited for the increasing popularity of beacon technology industry over the recent years.

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The major companies covered in this beacon technology market report: -
- Accent Systems
- Apple Inc.
- Beaconinside
- BlueCats
- Blue Sense Networks
- Estimote Inc.
- Gimbal
- Glimworm Beacons
- Google Inc.
- Kontakt.io
- KS Technologies
- Madison Beacons
- Onyx Beacon
- Radius Networks Inc.
- RECO
- Swirl Networks
- Sensorberg
- Texas Instruments

Sensors that are used in retail stores allow the customers to gain adequate information at the right time thereby enhancing the shopping experience and reducing the time. Demand for small sensors is estimated to witness robust growth in the coming years owing to their assistance in streamlining operations and improving the customer base of any business.

The presence of a strong retail industry in countries like China, Japan, India, U.S., and South Korea will support the global beacon technology industry outlook. As per Indian Brand Equity Foundation (IBEF), the total consumption expenditure of India's retail industry will surpass USD 3000 billion in 2020 as compared to USD 1824 billion in the year 2017.

This has driven innovations and demand for different types of BLE sensors, like special beacons and USB in order to monitor the in-store visits, bolstering beacon technology market trends.

Real estate market is estimated to showcase commendable growth rate over 2017-2024. With the rise in disposable income among people even across the developing economies, the real estate market is witnessing high demand and is constantly transforming to meet the changing consumer preferences and abilities.

Several industry players are venturing into the production of proximity-based cameras and sensor items that assist the real estate agents to market their property in a personalized and real-time, location-centric manner thereby magnifying the global beacon technology market trends.

Regionally, Asia pacific beacon technology market is anticipated to exhibit a rapid growth rate during the forecasted period. With the rise in affordability level in emerging countries like India, China, Korea, Singapore and Japan pertaining to higher employment level, the consumers are increasingly depending on e-commerce sites for purchasing items owing to their variety and cost-efficiency.

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Due to this, brick and mortar retailers are compelled to adopt innovative marketing strategies to influence the consumers to attract them to their stores. In the year 2017, the America multinational e-commerce giant launched Amazon Prime in Singapore in order to support its expansion across the region.

Some Points From Table Of Content: -
Chapter 5. Beacon Technology Market, By Platform
5.1. Beacon technology market share by platform, 2016 & 2024
5.2. iBeacon
5.2.1. iBeacon market, by region, 2015-2024
5.2.2. iBeacon market, by deployment model, 2015 – 2024
5.2.3. iBeacon market, by application, 2015 – 2024
5.2.4. iBeacon market, by technology, 2015 – 2024
5.3. Eddystone
5.3.1. Eddystone market, by region, 2015-2024
5.3.2. Eddystone market, by deployment model, 2015 – 2024
5.3.3. Eddystone market, by application, 2015 – 2024
5.3.4. Eddystone market, by technology, 2015 – 2024
5.4. AltBeacon
5.4.1. AltBeacon market, by region, 2015-2024
5.4.2. AltBeacon market, by deployment model, 2015 – 2024
5.4.3. AltBeacon market, by application, 2015 – 2024
5.4.4. AltBeacon market, by technology, 2015 – 2024
5.5. Others
5.5.1. Others market, by region, 2015-2024
5.5.2. Others market, by deployment model, 2015 – 2024
5.5.3. Others market, by application, 2015 – 2024
5.5.4. Others market, by technology, 2015 – 2024

Chapter 6. Beacon Technology Market, By Deployment Model
6.1. Beacon technology market share by deployment model, 2016 & 2024
6.2. On-premise
6.2.1. Market estimates & forecast, by region, 2015-2024
6.3. Cloud-based
6.3.1. Market estimates & forecast, by region, 2015-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/beacon-technology-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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