Bluetooth LE Beacon Market To Increase With A CAGR Of 22.0% From 2017-2025
Depending on the latest market research report published by Credence Research, “Perimeter Beacon Market(by Operating Platform (Open Source, Closed Source), By End-use (Retail, Public Infrastructures, Others)) Market – Growth, Prospective Buyers and Competitive Landscape, 2017-2025”, Perimeter Beacon market is likely to thrive at a CAGR 22.0% from 2017 to 2025.
The full report comes available at http://www.credenceresearch.com/report/bluetooth-beacon-market
Mobile and wireless communication technologies have emerged drastically in the last few decades. Development of advanced cellular communication is estimated to grow far more in the future years, observing adoption all over the different application. The retail industry is one such vertical consistently working towards strengthening their buyer experience by implementing more modern engagement models. Some of them are good looking LED billboards, interactive billboards, and facial analytics/identification. This makes the retail industry hugely promising for customer engagement technologies which include Perimeter Beacon. Bluetooth LE Beacon is one of the many wireless communication techniques developed these days using which the retail companies (shops) can communicate with their consumers.
The Beacon market has witnessed extensive growth since its first intro in 2013. BLE Beacon is equipped with Bluetooth low energy (BLE) and has been shown to be a fairly easy one-way communication channel. Bluetooth LE Beacons are available for both open source and closed source platform so because of this, can be used for a wide array of applications. On top of that, the installing and operation cost of Smart Beacon is very easy on the pocketbook making it a permanent solution for the retail businesses, therefore further enhancing brand promoting. Companies are voluntarily using this new strategy for fascinating their clientele. Likewise, Bluetooth Beacon finds its application in public areas for example, air terminals, automatic parking systems, navigation inside the buildings and others to guide the people by offering information straight away to their smartphones.
Proximity Beacon market is segmented based on platform, end-use, and geography. According to the platform, BTLE Beacon is classed as open source Proximity Beacons and closed source iBeacon. Open source Bluetooth LE Beacon are commonly applicable for android platform, while the closed source iBeacon is deployed for IOS operating system. In line with the end-use segmentation, Bluetooth Beacons are sorted for retail, public amenities, and other applications. The other applications segment incorporate indoor navigations and medical care applications.
All over the world, United States leads the overall Perimeter Beacon market. Europe succeeds the North American Smart Beacon market, in terms of revenue. Asia-Pacific is predicted to appear as the fastest rising market for Bluetooth Beacon technology mainly because of the big chance of the retail industry. Smart Beacon market is expected to grow tremendously in Asia Pacific during the forecast period.
Proximity Beacon market remains in its beginning stage, with not very many countries watching their utilization. The market includes a big number of producers, with the vast majority of them concentrating on designing energy efficient iBeacons based on the open source platform. Marketing Beacon makers just like 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 battery life and strengthening other technical specification such as operating range. One additional main strategy taken by the market competitors is developing economical Bluetooth LE Beacon for small retail segments.
Continue efforts by the retail industry in the direction of more streamlined customer engagement
Improving worldwide sales channel in an attempt to sustain and broaden the sales
Continuous growth in wireless communication as well as the smartphone technology
Pay attention to stretching the application area of Smart Beacons
Determined by https://newspharmaceuticals.com/79469/bluetooth-beacon-market-to-expand-with-a-cagr-of-22-0-from-2017-2025/