Beacon Technology Market
The global beacon technology market is growing at a significant rate. This is
attributed to numerous industry verticals, such as education, retail, healthcare, and
hospitality, use a broad range of technology.
Based on Deployment Model, due to the adoption of cloud-based networks, which aid
in reducing high costs associated with overlay networks as well as the complex
operation and implementation processes of these cloud networks, cloud-based beacon
technology is expected to develop at a faster rate during the forecast period.
On the basis of Platform type, since proximity beacons are interoperable and
accessible, the AltBeacon sector is expected to expand at the fastest rate over the
Of all applications, due to the growing applications of BYOD in schools, classrooms,
and universities all over the world in order to improve the quality, accessibility, and
delivery of better education for students, the education segment is expected to develop
at the fastest rate in the market during the forecast period.
The Internet of Things (IoT) and system automation are two big trends that are
currently driving the Beacon Technology Market. Beacon technology provides a
variety of benefits to vendors who are attempting to capture consumer interest, which
is a major driver for the beacon technology market's growth.
The market's growth is being hampered by concerns about the protection and
accessibility of data from Bluetooth networks and the Internet of Things (IoT).
The growth of the organised retail sector is boosted by rising disposable income,
improved people's standard of living, the advent of consumerism, technological
influence, and the arrival of international merchants.
The Asia-Pacific area is expected to rise at the fastest rate in the global beacon
technology market during the forecast era, owing to rising disposable incomes and a
slew of initiatives aimed at making smart homes and cities a reality.
Kontakt.io, Apple Inc., Glimworm