Global Beacon Market Report (2022 to 2027) – Integration of Advanced Communication Technologies is Driving Growth – Yahoo Finance

DUBLIN, Aug. 12, 2022 /PRNewswire/ — The “Global Beacon Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The Beacon market was valued at US$1,215.257 million in 2020 and is expected to grow at a CAGR of 41.91% over the forecast period to reach a total market size of US$14,087.993 million by 2027.

Beacons are small, inexpensive devices that broadcast Bluetooth low energy signals or Bluetooth smart signals, using Bluetooth Low Energy (BLE). Compatible apps on mobile devices can listen to signals from adjacent beacons and trigger a series of experiences, including sending a promotional notification, video, URL form, and others, via the app.
Additionally, beacon technology is widely used in a wide variety of industries, such as retail, healthcare, travel and tourism, and education due to its advantages such as superior accuracy in comparison with other geolocation methods, low battery consumption, and not requiring internet connection, among others.
One of the key market trends gaining traction is the adoption of Bluetooth smart technology, loop technology, and over-the-air (OTA) technology based on artificial intelligence. The technology is increasingly being adopted by companies in order to enhance their market presence. For instance, Uber announced, in October 2019, that an updated version of the colorful Beacon gadget would be available as Beacon 2.0., which will sit on the interior of the car and reflect the color chosen by drivers in the app to help them find their cars in crowded situations.

An increase in investment in proximity marketing by the enterprises is furelling the global beacon market growth. For example, a new proximity marketing strategy via beacons at 15 McDonald’s outlets in Istanbul was used by the fast-food chain to improve its customer relationship and promote a new coffee-flavored drink line. The need for monitoring employees, managing assets, ensuring safety, and optimizing resources are also contributing to the market’s growth. A number of companies have developed advanced beacon protocols including Apple Inc. and Google LLC, which are called iBeacon and Eddystone, respectively.

Growth Factors:
Integration of advanced communication technologies
There are several factors driving the beacon market growth such as the rising adoption and popularity of advanced communication technologies such as Bluetooth, Wi-Fi, NFC (near-field communication), RFID (radio-frequency identification), and others. The increasing demand for beacon-enabled devices utilizing Bluetooth 5.2, Bluetooth 5, and Bluetooth 4 in all sectors including transportation, logistics, entertainment, and more, is expected to boost their adoption during the projected period.
Approximately 4.0 billion bluetooth devices were manufactured in 2018, as per a report by Bluetooth SIG, Inc. Bluetooth technology has therefore become a key enabler of the beacon market globally. The focus of major enterprises towards this technology is also aiding in its expansion. For e.g., GE and Walmart have partnered to launch a unique trial using the iBeacon technology.
The retailer used GE light bulbs to display beacon technology and provide customers with push notifications of special deals and discounts. Nisa, a popular convenience store group, has launched a pilot program using iBeacon technology. Beacons attached to shopping carts and baskets to track shoppers’ movements around the store in conjunction with sensors installed on the ceiling. The US’s second-largest general merchandise retailer, Target, has started testing beacon technology across 50 of its stores.
Ongoing Smart City Projects
Beacons are being used in smart city projects by different central and state governments to enhance security of infrastructure assets by enabling increased interaction with users within their proximity zone. As smart cities continue to grow globally, beacons are expected to see increased deployment during the forecast period. iBeacon Living Lab in Amsterdam is an example of smart city technology.
The IoT testing ground is a large, public, and open testbed that offers a large number of iBeacons installations and developer-friendly platforms that generate actionable, open data. RLSB’s (Royal London Society for the Blind) Wayfindr, a smartphone app, aims to change the way impairments navigate the world. The application uses beacon technology to track a user’s location and offer him/her audio-based directions and advice based on the location.

Restraints:
Privacy and Security
The market is constrained by data security concerns related to wireless networks and the Internet of Things (IoT). By using beacon technology, information is transmitted directly to the relevant mobile application, which then stores all of the user’s personal information. Also, the increasing cybersecurity threats targeting businesses through IoT devices is expected to hinder the beacon market growth during the forecast period.

COVID-19 Impact on Global Beacon Market:
Governments are implementing beacons as a safety measure in public places. AI and ML coupled with Bluetooth-enabled low-energy beacons will create increased opportunities for the market players. Estimote, for example, plans to introduce a wearable bluetooth tracking device to support workplace-level safety and prevent the spread of Covid-19.
Key Topics Covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. GLOBAL BEACON MARKET, BY TECHNOLOGY
5.1. Introduction
5.2. Bluetooth
5.3. Wi-Fi
5.4. Ultrasound
5.5. Others

6. GLOBAL BEACON MARKET, BY END-USERS
6.1. Introduction
6.2. Hospitality
6.3. Retail
6.4. Healthcare
6.5. BFSI
6.6. Others

7. GLOBAL BEACON MARKET, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Israel
7.5.4. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. India
7.6.3. South Korea
7.6.4. Taiwan
7.6.5. Thailand
7.6.6. Indonesia
7.6.7. Japan
7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES
9.1. BlueCats
9.2. Estimote, Inc.
9.3. Glimworm Beacons
9.4. Gimbal, Inc.
9.5. Kontakt
9.6. Signal360
9.7. Kartographers Technologies Pvt. Ltd.
9.8. Verve Wireless, Inc.
9.9. G24 Power, Ltd.
9.10. MokoSmart

For more information about this report visit https://www.researchandmarkets.com/r/mrhkix
Media Contact:
Research and Markets 
Laura Wood, Senior Manager 
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 
For U.S./CAN Toll Free Call +1-800-526-8630 
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 
Fax (outside U.S.): +353-1-481-1716
Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
 
 
View original content:https://www.prnewswire.com/news-releases/global-beacon-market-report-2022-to-2027—integration-of-advanced-communication-technologies-is-driving-growth-301604937.html
SOURCE Research and Markets
John Mackey is bowing out in the battle between CEOs and a new generation entering the workforce, but as he told "Reason," he’s not leaving silently.
In this article, we discuss 10 cheap oil stocks to buy today. If you want to skip our detailed analysis of these stocks, go directly to 5 Cheap Oil Stocks to Buy Today. With WTI crude oil prices topping $120 per barrel as recently as mid-June, concerns over rising interest rates and a potential U.S. […]
Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said. For 20 years, they have been shipped through the CPC pipeline to Russia's Black Sea port of Novorossiisk, which provides access to the global market. In July a Russian court threatened to shut the CPC, prompting the Kazakh government and major foreign producers to set up contracts for other outlets as a precaution.
Not taking your job too seriously has a new name: quiet quitting. The phrase is generating millions of views on TikTok as some young professionals reject the idea of going above and beyond in their careers, labeling their lesser enthusiasm a form of “quitting.” It isn’t about getting off the company payroll, these employees say.
Five Chinese state-owned companies said they intend to delist their American depositary shares from the New York Stock Exchange, as financial regulators in Beijing and Washington remain at loggerheads over U.S. audit requirements. In separate filings to Hong Kong’s stock exchange Friday, PetroChina , China Petroleum & Chemical , Aluminum Corp. of China , China Life Insurance Co ,  and Sinopec Shanghai Petrochemical Co said they have notified the NYSE that they plan to voluntarily delist their American depositary shares.
Retirement planning can be tricky. These retirement planning tips can help you figure out the best way to save smarter if you're in your mid-60s and beyond.
Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY) submitted the algorithm details of some of their products to China's top internet watchdog, Reuters reports. The submission was a part of China's sweeping crackdown on the sector. The internet platforms faced flak for abusing algorithms to invade user privacy and manipulate their choices. The Cyberspace Administration of China (CAC) published a list of 30 algorithms used in some of the country's most popular apps, in
Yahoo Finance Live's Brian Sozzi breaks down the stat of the day.
(Bloomberg) — The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal.Most Read from BloombergAuthor Salman Rushdie Stabbed on Lecture Stage in New YorkTrump Calls for Release of Warrant Documents Used in SearchThe Fed’s Damage to the Housing Market May Last YearsExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksChina State-Owned Giants to Delist From US Amid Audit SpatThe energy
Billionaire Mark Cuban is the latest celebrity on the receiving end of investor ire. A group of Voyager Digital customers filed a class-action suit in Florida federal court against Cuban, as well as the basketball team he owns, the Dallas Mavericks, alleging their promotion of the crypto platform resulted in more than 3.5 million investors losing $5 billion collectively. Voyager Digital's CEO, Stephen Ehrlich, was also named as a defendant in the suit.
Demand remains strong for automakers, with supply constraints preventing inventory buildup and supporting strong pricing.
Berkshire Hathaway's 13F filings don't tell the full story about the company's holdings.
Brazilian state-run Petroleo Brasileiro (NYSE: PBR), also known as Petrobras, will lower refinery gate diesel prices by almost 4% from today, marking the second cut in a week after a drop in international prices. The company said it would cut diesel prices to 5.19 reais ($1.01) from 5.41 reais, while gasoline prices were kept unchanged. The oil giant had already lowered diesel prices by 3% last week, the first time in more than a year. Brazil's Petroleo Brasileiro (NYSE: PBR), also known as Petr
A bill is headed for consideration by the full Senate that would move the age at which you have to start drawing down your retirement plan savings to 75. The House of Representatives passed a similar measure, so sponsors are … Continue reading → The post You're One Step Closer to Being Able to Delay Your RMDs in Retirement appeared first on SmartAsset Blog.
In this article, we discuss the 10 semiconductor stocks that US politicians are buying. If you want to read about some more semiconductor stocks that US politicians are buying, go directly to US Politicians are Buying These 5 Semiconductor Stocks. The global semiconductor industry has been one of the biggest winners of the rising inflation […]
Being publicly traded means you can see how investor sentiment changes by the minute, almost like keeping score in a video game. Kiwi Camara, CEO of legal software company Disco, acknowledges it's human nature to keep an eye on the stock price, but stresses the importance of separating that from long-term strategic planning. Learn more about Disco's first year on the New York Stock Exchange in this ATX Next podcast interview.
(Bloomberg) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast.Most Read from BloombergAuthor Salman Rushdie Attacked on Lecture Stage in New YorkThe Fed’s Damage to the Housing Market May Last YearsStriking Drop in Stress Hormone Predicts Long Covid in StudyTrump Calls for Release of Warrant Documents Used in SearchPutin’s War Sends Russian Economy Back to 2018 in Single
By starving Europe of gas in retaliation for its support for Ukraine, Mr. Miller is potentially committing the state energy giant to a future of subordination to Beijing.
Yahoo Finance health care reporter Anjalee Khemlani looks at which pharmaceutical stocks are being affected by litigation surrounding alleged carcinogenic materials in Zantac derivatives.
Uranium Energy Corp (NYSE: "UEC") ("UEC" or the "Company") is pleased to announce that it has filed a Technical Report Summary ("TRS") on EDGAR, disclosing mineral resources for the Company's Texas Hub & Spoke In-Situ Recovery ("ISR") Project (the "Project").

source

Leave a Reply

Your email address will not be published. Required fields are marked *