Precision Business Insights has published a report on the global beacon market, estimating its value at USD 979.9 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 37.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/beacon-market

The beacon market focuses on wireless transmitters that use Bluetooth Low Energy (BLE), Wi-Fi, or ultrasound to send signals to nearby smart devices. These beacons enable location-based services, proximity marketing, and real-time tracking, making them valuable in retail, healthcare, transportation, and smart city applications

Drivers:

• Rising Demand for Proximity Marketing: Businesses use beacons to send personalized offers and notifications to nearby customers
• Integration with IoT Ecosystems: Beacons enhance real-time data collection and communication in smart environments

The global beacon market segmentation:

1. By Standard Type: iBeacon, Eddystone, and Others
2. By Material Type: Bluetooth Low Energy (BLE), Wi-Fi, and Hybrid
3. By Application: Hardware, Software, and Service
4. By End Users: Retail, Hospitality, Transportation & Logistics, Healthcare, BFSI, and Education

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Regional Overview:
The report also examines the current concerns and their Future Effects on the beacon market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the beacon market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Fujitsu Components Ltd., Radius Networks, Kontakt.io, Cisco System, Estimote, Leantegra, JAALEE Technology, HID Global, Accent Systems, Sensoro Co. Ltd.

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