The Global Beacon Technology Market report, compiled by Emergen Research, is a wide-ranging assessment of the global market size, share, and revenue generation during the historical years (2019-2020), which helps the analysts accurately forecast the same for the estimated period of (2021-2027). The report comprehensively studies the existing competitive scenario of the market, with prime focus on the leading market competitors and their business expansion strategies. The market intelligence report offers a complete overview of the market, along with an in-depth summary of the company profiles of the key market players. In the concluding part of the report, our team of analysts has included significant data and information,offering accurate insights into the global Beacon Technology market growth on both regional and global levels.
The cloud segment is anticipated to command the market growth registering a CAGR of 44.5% throughout the forecast timeframe owing to the increased implementation of cloud-enabled low-energy Bluetooth networks, high costs and complications associated with network systems.
Due to the advantages associated with AltBeacon, such as beacon codes and vendor IDs, the segment is anticipated to hold an enormous share of the market.
Attributed to the augmenting popularity of Wi-Fi and its characteristics of interconnectivity, enhanced customer privacy, improved proximity detection, the Wi-Fi segment is forecast to attain a sizeable market share during the anticipated timeline.
The retail segment is forecast to expand significantly due to the numerous advantages such as improved customer experience through interactive guides, special offers, and sharing information in multiple languages.
North American region is speculated to be the fastest-growing region in the industry owing to the massive presence of retail behemoths such as Walmart, Tesco, and Kroger. Asia Pacific region is forecast to develop rapidly due to the augmenting government support to bolster the retail sector.
Key participants in the market include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Kontakt.io, Swirl Networks, Inc., Estimote Inc., and Radius Networks Inc., among others.
Estimote Inc., in April 2020, leveraged its technical expertise to develop a novel device called “Proof of Health”, explicitly designed to mitigate the spread of the COVID-19 infection. The company launched a one-of-kind variety of wearable devices that aim to improve employees’ safety who need to be co-situated in a work environment with social distancing and physical isolation in place.
Furthermore, the report studies the market in terms of the global market reach and consumer bases in the key geographical regions. It provides a holistic overview of the key market players, emphasizing their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario.
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