San Francisco, 02 January 2019, Bluetooth Beacons Market Analysis By
Technology (iBeacon, Eddystone), By End-use (Retail, Travel & Tourism,
Healthcare, Financial Institutions), By Region, And Segment Forecasts, 2018 -
2025
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.
Access Full Research Report On Bluetooth Beacons Market Analysis:
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.
Browse More Reports Of This Category By Grand View
Research At: www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the
Bluetooth beacons market based on technology, end use, and regions:
Bluetooth Beacon Technology Outlook (Revenue, USD
Million; 2014 - 2025)
·
iBeacon
·
Eddystone
·
Others
Bluetooth Beacon End-Use Outlook (Revenue, USD Million;
2014 - 2025)
·
Retail
·
Travel & tourism
·
Healthcare
·
Financial institutions
·
Others
Bluetooth Beacons Regional Outlook (Volume, Million
Units; Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa
Access Full Press Release of this Report:
About Grand View Research
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
