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IBeacon And Bluetooth Beacon Market

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Report Description<br />

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

infrastructure development built around the Internet of Things (IoT). Continuous<br />

technology advancement is a key factor for the revolution of the global stores and<br />

business sectors. Over the last decade, various technological advancements in the<br />

electronics and information technology have occurred rapidly resulting in the<br />

development of the global i<strong>Beacon</strong> and <strong>Bluetooth</strong> beacon market. i<strong>Beacon</strong> is a protocol<br />

which was originally developed by Apple Inc. Since then, other vendors also have made<br />

i<strong>Beacon</strong>-compatible hardware transmitters known as beacon. The technology enables<br />

tablets, smartphones and other devices to carry out activities such as to send or<br />

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

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

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

mini or later and iPad (3rd generation), iPhone 4s or later or later devices. Also, with<br />

<strong>And</strong>roid 4.3+, Macintosh computers (OS X Mavericks 10.9 and <strong>Bluetooth</strong>) 4.0 and<br />

Windows Phone devices (Lumia Cyan update or above). Various applications offered by<br />

i<strong>Beacon</strong> and <strong>Bluetooth</strong> beacon include alert or push notification sending to i<strong>Beacon</strong><br />

enabled device, whenever the i<strong>Beacon</strong> user is around a i<strong>Beacon</strong>-enabled retail shop<br />

(special offers), museum (sporting event/closest display), bus stop and other<br />

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

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

used in smartphones. Thus, the global i<strong>Beacon</strong> and <strong>Bluetooth</strong> beacon market is<br />

anticipated to witness significant CAGR during the forecast period.

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