In its most recent publication, “Bluetooth Beacon and iBeacon Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” Persistence Market Research provided a well-structured analysis on a number of trends, challenges, opportunities, restraints, and drivers impacting the growth of the global market. To obtain an accurate view of the overall industry, these factors are examined throughout the important continents of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The in-depth competition scenario is covered in the comprehensive study on the global Bluetooth beacon and iBeacon market and may be used to gather insights to obtain a competitive edge. A thorough market segmentation aids in evaluating the value and volume forecasts for each segment for the eight-year period between 2017 and 2025.
Global Bluetooth Beacon and iBeacon Market: Dynamics
The implementation of beacons in retail stores to engage customers, consistent advancements in smartphone technology, the emergence of smart home automation, rising RTLS adoption, rising use of beacons in the hospitality sector, rising use of beacons in the industrial sector to enhance security measures, development of virtual beacons, expanding internet penetration, and contactless payments are just a few factors that have an impact on the global market for Bluetooth beacons and iBeacons. These factors have significantly accelerated the Bluetooth beacon and iBeacon market’s growth rate. The expansion of the worldwide market may be threatened by a number of things. The development of the global market is being hampered by factors like Bluetooth issues and a lack of awareness.
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Global Bluetooth Beacon and iBeacon Market: Forecast Highlights
The global Bluetooth beacon and iBeacon market is projected to grow at an enormous rate to reflect a CAGR of 91.4% throughout the forecast period to reach an estimation of more than US$ 37 Bn by the end of the assessment year (2025) from a valuation of about US$ 200 Mn in 2017.
Global Bluetooth Beacon and iBeacon Market: Segmental Highlights
The global Bluetooth beacon and iBeacon market is segmented by technology (iBeacon, eddystone and others), by end user (retail and non-retail) and by region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).
- By region, the North America region is expected to be the largest region for Bluetooth and iBeacons. The market for Bluetooth and iBeacons in this region is anticipated to grow at a high 90.6% CAGR to reach a huge estimation that exceeds US$ 14 Bn by 2025. Asia Pacific Bluetooth beacon and iBeacon market is projected to grow at a high CAGR of 95.4 % during the period of forecast
- By technology, the iBeacon segment is expected to be highly lucrative and is estimated to reach a value exceeding US$ 26 Bn by the end of 2025. The eddystone segment is projected to grow at the highest pace to reflect a CAGR of 93% throughout the period of assessment
- By end user, the retail segment is the largest owing to high adoption of beacons in the retail stores. The retail segment is poised to grow at a CAGR of 90.4% during the period of forecast to reach a value of more than US$ 19 Bn by the end of 2025. The non-retail segment has also caught high traction since few years and is projected to grow at a comparatively high CAGR of 92.5% during the 2017-2025 timeline
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Global Bluetooth Beacon and iBeacon Market: Competitive Assessment
The global Bluetooth beacon and iBeacon market research report has covered in-depth analysis on key players operating in the market. Key strategies, developments and innovations, product portfolio, mergers and acquisitions, geographical spread and key financials of major players in the Bluetooth beacon and iBeacon market such as
- Texas Instruments Inc.
- Nordic Semiconductor ASA
- Silicon Laboratories Inc.
- Onyx Beacon LTD
- Estimote, Inc
- Kontakt Micro-Location Sp. Z.o.o.
- BlueCats Australia Pty Limited
- Gimbal, Inc.
- Blue Sense Networks Ltd
- Accent Advanced Systems, SLU, Other Players
- Glimworm Beacons
- Aruba Networks
- Sensorberg Gmbh
- Radius Networks, Inc.
have been systematically crafted in this research report.
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