Global Bluetooth Beacon Market

Posted by occams on May 3rd, 2018

Global Bluetooth Beacon Market: Occam's provides holistic view on Global Bluetooth Beacon Market with key insights on quality and in-depth analysis report from expertise.

http://www.occamsresearch.com/bluetooth-beacon-market/

Bluetooth low energy beacon, also known as bluetooth beacon are hardware transmitters working on the basis of Bluetooth 4.0 Low Energy standard to facilitate one way and two way communication. These beacons are installed in smartphones, tablets and other devices to perform actions such as location monitoring, advertising, notification and interaction and other informations in real-time close proximity to a beacon. The global bluetooth beacon market is expected to have an impressive CAGR of 95.5% during forecast period 2016-2023. Bluetooth beacons primarily deploys the Bluetooth Low-Energy (BLE) to transmit a signal from one device to another device. The signal used to identify the physical location of a device with precision of 10cm to 70m or initiate an action on device such as a push notification. Bluetooth beacons facilitate efficient service, quick payments and notifies regarding offers and discounts, delivery tracking etc. Bluetooth beacons can be battery powered, USB powered or solar energy powered. Bluetooth is rapidly replacing advanced technologies such as ZigBee and Near Field Communication (NFC) in order to strengthen the beacon solutions. Moreover, bluetooth beacon industry is witnessing increased adoption of beacons in more complex industrial applications. As conventional applications of bluetoth beacons were limited to retail and marketing, the deployement of bluetooth beacon is expected to make transition towards various other application areas such as airports, travel and tourism, healthcare, financial institutions, multichannel marketing  etc.