iBeacon And Bluetooth Beacon Market Growth and Segments,2016-2026

Future Market Insights has announced the addition of the “iBeacon And Bluetooth Beacon Market: Global Industry Analysis and Opportunity Assessment 2016-2026” report to their offering.

Future Market Insights has announced the addition of the “iBeacon And Bluetooth Beacon Market: Global Industry Analysis and Opportunity Assessment 2016-2026” report to their offering.


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Global<br />

<strong>i<strong>Beacon</strong></strong> <strong>And</strong><br />

<strong>Bluetooth</strong> <strong>Beacon</strong><br />

<strong>Market</strong><br />

Share, Global Trends,<br />

Analysis, Research, Report,<br />

Opportunities,<br />

Segmentation <strong>and</strong> Forecast,<br />

<strong>2016</strong>-<strong>2026</strong><br />

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Report Description<br />

Nowadays, the world is going through the third industrial revolution i.e. the smart infrastructure<br />

development built around the Internet of Things (IoT). Continuous technology advancement is a<br />

key factor for the revolution of the global stores <strong>and</strong> business sectors. Over the last decade,<br />

various technological advancements in the electronics <strong>and</strong> information technology have<br />

occurred rapidly resulting in the development of the global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon<br />

market. <strong>i<strong>Beacon</strong></strong> is a protocol which was originally developed by Apple Inc. Since then, other<br />

vendors also have made <strong>i<strong>Beacon</strong></strong>-compatible hardware transmitters known as beacon. The<br />

technology enables tablets, smartphones <strong>and</strong> other devices to carry out activities such as to<br />

send or distribute messages <strong>and</strong> approximate location determination when there is nearness to<br />

an <strong>i<strong>Beacon</strong></strong>. Both software <strong>and</strong> hardware components are involved in <strong>i<strong>Beacon</strong></strong> technology.<br />

<strong>i<strong>Beacon</strong></strong> is compatible with OS 7, iPod touch (5th generation) or later, iPad mini or later <strong>and</strong> iPad<br />

(3rd generation), iPhone 4s or later or later devices. Also, with <strong>And</strong>roid 4.3+, Macintosh<br />

computers (OS X Mavericks 10.9 <strong>and</strong> <strong>Bluetooth</strong>) 4.0 <strong>and</strong> Windows Phone devices (Lumia Cyan<br />

update or above). Various applications offered by <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon include alert or<br />

push notification sending to <strong>i<strong>Beacon</strong></strong> enabled device, whenever the <strong>i<strong>Beacon</strong></strong> user is around a<br />

<strong>i<strong>Beacon</strong></strong>-enabled retail shop (special offers), museum (sporting event/closest display), bus stop<br />

<strong>and</strong> other locations.Travel industries are undergoing through major deployments of beacon<br />

technology in airports <strong>and</strong> hotels. The <strong>i<strong>Beacon</strong></strong>s <strong>and</strong> <strong>Bluetooth</strong> beacons are intensively used in<br />

smartphones. Thus, the global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon market is anticipated to witness<br />

significant CAGR during the forecast period.

Report Description<br />

Global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong> <strong>Market</strong>: Drivers <strong>and</strong> Restraints<br />

Advancement in IT solutions such as Internet of Things (IoT), rising awareness about<br />

<strong>i<strong>Beacon</strong></strong> technology, growing number of appcessories, low power requirement <strong>and</strong> low<br />

cost, growing smartphone usage <strong>and</strong> increasing purchasing power of consumers resulting<br />

in increased smartphone usage are some of the key factors propelling the growth of the<br />

global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong> market.<br />

However, with the use of <strong>i<strong>Beacon</strong></strong>s <strong>and</strong> <strong>Bluetooth</strong> beacon, users are expected to witness<br />

challenges related to limited transmit-only protocol (no bidirectional communications<br />

between two devices), frequency variance (do not have the same frequency <strong>and</strong> do not<br />

transmit signals of same power), privacy <strong>and</strong> security issues,fluctuation in signal accuracy<br />

due to weather conditions, device power, temperature <strong>and</strong> polling intervals. This limits<br />

adoption of <strong>i<strong>Beacon</strong></strong>s <strong>and</strong> <strong>Bluetooth</strong> beacon among users <strong>and</strong> restricts theglobal <strong>i<strong>Beacon</strong></strong><br />

<strong>and</strong> <strong>Bluetooth</strong> beacon market growth.<br />

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Global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong><strong>Market</strong>: Segmentation<br />

The global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon market is segmented as follows:

Report Description<br />

•Global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong><strong>Market</strong>, by Device Type<br />

•Smartphones<br />

• iPhone<br />

• <strong>And</strong>roid phones<br />

•Tablets or iPad/iPod<br />

•Laptops <strong>and</strong> Computers<br />

•Other devices (Apple TV, Small PCB, USB)<br />

•Global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong><strong>Market</strong>, by End Use<br />

•Sports arena<br />

•Retail<br />

•Airports<br />

•Museum<br />

•Application development<br />

•Manufacturing & R&D<br />

•Transport<br />

•Building & Infrastructure

Report Description<br />

Global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong><strong>Market</strong>: Regional Outlook<br />

Geographically, the global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon market is segmented into seven<br />

regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific<br />

Excluding Japan (APEJ), Japan, <strong>and</strong> the Middle East <strong>and</strong> Africa (MEA). North America is the<br />

prominent contributor in the global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon <strong>Market</strong>, owing to highest<br />

penetration of organized retail <strong>and</strong> growing adoption of <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon services.<br />

Western Europe & Eastern Europe collectively contribute significant share to the global <strong>i<strong>Beacon</strong></strong><br />

<strong>and</strong> <strong>Bluetooth</strong> beacon market. This is due to growing multichannel marketing <strong>and</strong> the product<br />

distribution in the retail industry across these regions. Also,<strong>Bluetooth</strong> beacon manufacturers are<br />

developing software apps for beacon as well as they are manufacturing beacon devices.<br />

Enormous market growth <strong>and</strong> high internet penetration, improvement in technology<br />

infrastructure are few factors boosting <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon market growth in MEA. In<br />

APEJ <strong>and</strong> Japan, countries such as India, China, Japan <strong>and</strong> Philippines are anticipated towitness<br />

robust adoption of<strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon. This is due to growing disposable income<br />

coupled with rising consumer awareness for <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon.<br />

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Global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> <strong>Beacon</strong><strong>Market</strong>: Key Players<br />

The key players in the global <strong>i<strong>Beacon</strong></strong> <strong>and</strong> <strong>Bluetooth</strong> beacon <strong>Market</strong> are<br />

Apple Inc.<br />

Cisco Systems, Inc.

Report Description<br />

Estimote, Inc.<br />

Kontakt.io<br />

Gimbal, Inc.<br />

BlueCats<br />

Gelo Inc.<br />

Blue Sense Networks<br />

Glimworm <strong>Beacon</strong>s

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