NEW YORK, May 15, 2020 (GLOBE NEWSWIRE) -- The global beacon technology market was valued at USD 1.7 billion in 2019 and is expected to reach USD 14.7 billion by 2025, growing at a CAGR of 44.0% during 2020-2025.
Due to growing competition among e-commerce giants such as Amazon and various other merchants all across the globe, retailers’ are in search of a technology that offers techniques for grabbing customer attention as well as providing them a customized buying experience is growing every other day. However, the development of beacon technology has allowed vendors to obtain a substantial amount of insights into consumer behavior. Hence, the market for beacon technology is now growing and is expected to foresee significant development in the coming years.
Get a free copy of sample report: https://www.vynzresearch.com/ict-media/beacon-technology-market/request-sample
The Wi-Fi technology segment is expected to generate highest revenue by 2025 in the global beacon technology market
On the basis of technology, the market is segmented into Wi-Fi, Combined Technologies, BLE, Ultrasound and others. The Wi-Fi technology segment is likely to lead the beacon technology sector by 2025. This is mainly because of the widespread use of Wi-Fi hotspots in hotels, stadiums and restaurants to offer internet access. This technology is well equipped in detecting neighboring Wi-Fi enabled systems which is quite affordable owing to which smart proximity sensors are utilizing underlying technology for supporting the communication procedure. Moreover, this technology can also be utilized for navigational applications at site and along with beacons that can help in communication processes.
Geography Insight
Geographically, North America is the largest beacon technology market and is expected to generate largest revenue by 2025. This is owing to the several smart city initiatives undertaken on a large-scale in this region along with the rising usage of BLE technology in various sectors.
The Asia-Pacific region is expected to witness the fastest growth in the global beacon technology market during the forecast period. This growth is majorly due to the growing disposable incomes in this region along with many initiatives taken by the people towards smart homes and smart cities.
Competitive Insight
Some of the key players operating in the global beacon technology market are Kontakt.io, Apple Inc., Glimworm Beacons, Google Inc., Madison Beacons, Qualcomm Inc., RECO, blueSense Networks, Gimbal, Swirl, Estimote Inc., BlueCat’s, Onyx Beacon, Beaconinside, Cisco Systems Inc., and Accent Systems.
Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/ict-media/beacon-technology-market/customize-report
Global Beacon Technology Market Coverage
Deployment Model Insight and Forecast 2015 – 2025
- Cloud
- On-Premise
Platform Insight and Forecast 2015 – 2025
- iBeacon
- AltBeacon
- Eddystone
Application Insight and Forecast 2015 – 2025
- Travel, Tourism and Hospitality
- Real-Estate
- Retail
- Healthcare
- Education
- Financial Institutions
Technology Insight and Forecast 2015 – 2025
- Wi-Fi
- Combined Technologies
- BLE
- Ultrasound
Geographical Segmentation
Beacon Technology Market by Region
North America
- By Deployment Model
- By Platform
- By Application
- By Technology
- By Country – U.S., Canada, and Mexico
Europe
- By Deployment Model
- By Platform
- By Application
- By Technology
- By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific (APAC)
- By Deployment Model
- By Platform
- By Application
- By Technology
- By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Deployment Model
- By Platform
- By Application
- By Technology
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
More from VynZ Research:
COVID-19 Outbreak – Impact Assessment on Tourism Industry
Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. The diseases The COVID-19 outbreak has the most impact on the tourism industry. Amid lockdown across the globe, the sector has been the hardest hit by the outbreak. Since January 2020, almost every destination has put travel restrictions. And it is anticipated that the industry will be hit harder than the financial meltdown of 2008-2009 or any other event in recent history.
Explore more at: https://www.vynzresearch.com/ict-media/covid-19-outbreak-tourism-industry
Global Cloud Radio Access Network (C-RAN) Market Analysis and Forecast to 2025
The global cloud radio access network (C-RAN) market was valued at USD 8.5 billion in 2019, growing at a CAGR of 20.0% during the forecast period. Cloud radio access network (C-RAN) refers to the centralized/cloud radio access network and is the liaison between the core network and mobile phone users. Increasing the number of mobile phone users, adoption of cloud infrastructure across industries, competition among the mobile network providers for launching 5G networks are expected to boost the demand for low cost and vastly scalable C-RAN technology.
Explore more at: https://www.vynzresearch.com/ict-media/cloud-radio-access-network-c-ran-market
Global Employment Screening Service Market Analysis and Forecast to 2025
The global employment screening service market was valued at USD 4.4 billion in 2019 and is expected to reach USD 5.9 billion by 2025, growing at a CAGR of 4.7% during 2020-2025. The global employment screening service market is growing at a fast rate during the forecast period. The major reason behind the high growth of employment screening service market globally is growing job opportunity across the globe and proportionally growing number of candidate data discrepancies. Employment screening service implementation brings a substantial reduction in time and cost of human resource department of organizations.
Explore more at: https://www.vynzresearch.com/ict-media/employment-screening-service-market
Benefits of Report Purchase from VynZ:
We provide accurate data and in-depth analysis with all-inclusive coverage. We focus on robust research methodology and data triangulation to ensure high quality report. We believe in providing 24*7 analyst support to our client – Pre and post purchase of the report as well as during the project tenure.
We also offer 20% post purchase free customization in the study to meet your needs. Due. We claim full customer satisfaction as our core values lie in building long term relationship.
About VynZ Research
VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.
Contact Us:
VynZ Research
Call: +91-996-028-8381
Toll Free (U.S. and Canada): +1-888-253-3960
Email: enquiry@vynzresearch.com