Global Smart Beacon Market to Reach $37.7 Billion by 2026
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Editing: 8; Published: January 2022
Executive Pool: 1042
Companies: 17 – Players covered include Accent Systems; Aruba Networks, Inc.; Avvel International; Beaconinside GmbH; Bleek; Blue Sense Networks; BlueUp Srl; Bluvision, Inc.; Cisco Systems, Inc.; Estimote, Inc.; Gimbal Inc.; JAALEE Technology Co.,Ltd. ; Kontakt.io; Leantegra Inc.; Onyx Beacon Ltd (Romania); Sensoro Co., Ltd. ; Swirl Networks, Inc. and others.
Cover: All major geographies and key segments
segments: Beacon standard (iBeacon, Eddystone, other beacon standards); Connectivity (Bluetooth Low Energy (BLE), Hybrid); End use (retail, transportation and logistics, sports, banking, financial services, insurance (BFSI), other end uses); Offer (Hardware, Software, Service)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global smart beacon market to reach $37.7 billion by 2026
Amid COVID-19 crisis, Global Smart Beacon Market Estimated at US$3.2 billionis expected to reach a revised size of US$37.7 billion by 2026, growing at a CAGR of 50.2% over the analysis period. iBeacon, one of the segments analyzed in the report, is expected to register a CAGR of 45.3% and reach US$20.6 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and induced economic crisis, Eddystone segment growth is readjusted to a revised CAGR of 54.7% for the next 7-year period.
The US market is estimated at $1.6 billion in 2021, when China is expected to reach $6.2 billion by 2026
The smart beacon market in the United States is estimated at US$1.6 billion in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$6.2 billion by 2026 with a CAGR of 48% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 44.9% and 42.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 33.5% CAGR. After
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