The global Bluetooth Beacon Market size is expected to
reach USD 58.7 billion by 2025, according to a new report by Grand View
Research, Inc. The introduction of next-generation software-based and virtual
beacons are expected to boost the market demand.
The key factor driving the industry growth is the increased
number of applications powered by beacons and Bluetooth Low Energy (BLE) tags.
Beacons are witnessing growing penetration across asset tracking and
machine/equipment status observation in high volume verticals. At the same
time, the markets for both existing and new applications are maturing, leading
to larger roll-outs.
Growing integration of beacons in cameras, LED lightings,
point of sale (POS) devices, digital signage, and vending machines is expected
to propel the industry growth over the forecast period. Apart from retail
applications, beacons are also projected to become a common commodity in
industrial applications.
Industries are increasingly shifting toward the
incorporation of Bluetooth-powered solutions from conventional proximity
solutions including Wi-Fi and RFID. Assets based on Wi-Fi, RFID, and people
flow tracking systems have currently captured a significant revenue share in
the healthcare and intra-logistics sectors. The relatively lower price point of
Bluetooth-based solutions is playing a pivotal role in their large-scale
adoption in various domains such as indoor navigation, worker security, elderly
care, and affordable asset tracking.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/bluetooth-beacons-market
http://www.grandviewresearch.com/industry-analysis/bluetooth-beacons-market
Further key findings from the report suggest:
- Bluetooth beacon are poised for large-scale adoption throughout the forecast period, with a projected CAGR of 95.3% from 2017 to 2025
- The Eddystone segment is expected to witness the fastest growth due to its open format and the ability to offer a broad range of solutions for proximity interactions without the need for native apps
- The healthcare segment is anticipated to grow at an enormous rate over the forecast period with an estimated CAGR of over 100% from 2017 to 2025, as there has been an increased need for streamlining hospital operations to provide customized services as per the patients’ history
- Leiden University Medical Center uses the iBeacon technology along with Internet of Things (IoT) platform to treat patients with Acute Myocardial Infarction (AMI)
- The Asia Pacific Bluetooth beacons market is expected to witness appreciable growth which is attributed to the high potential applicability of beacons in the retail sector
- Key industry players include Estimote, Inc.; Kontakt.io; Accent Advanced Systems, SLU; Onyx Beacon Ltd.; and Bluvision Inc.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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