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Beacon Technology Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

New research report on Beacon Technology market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Beacon Technology market also includes an in-depth study of the industry's competitive scenario.

The beacon technology market growth is attributed to increasing penetration of smartphones around the world and need for location-based proximity marketing solutions to improve customer experience. Mobile devices have become an integral component of marketing and communication strategies of businesses to attract customers who use smartphones as the primary channel to conduct research and make purchase decisions.

The business owners are becoming aware of these customer preferences and thus, they are leveraging proximity-based beacon transmitters to enable real-time communication with the customers. Furthermore, proliferation of smart cities around the world is also favorably contributing to the growth of beacon technology market as beacons can facilitate highly connected urban infrastructures. However, factors such as data security concerns and networking and precision challenges can restrain the market growth during the forecast period.

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Beacon Technology Market is set to exceed USD 25 billion by 2024; according to a new research report.

Beacon Technology Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024
Beacon Technology Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43915

On-premise beacon technology market will account for considerable share by 2024 due to the availability of numerous vendors developing and commercializing beacons that can be locally deployed by businesses with ease and without much technical expertise or assistance. However, cloud deployment model is expected to witness accelerated growth during the timeline owing to rapid adoption of cloud computing technology, as it offers a cost-effective approach to store and manage huge volumes of customer data. With vendors such as Kontakt.io and Cisco offering cloud-based beacon solutions to their customers, the adoption of this model is likely to increase consistently over the forecast period.

iBeacon is expected to account for over 50% market share by 2024 owing to large scale early adoption of the platform by key vendors to develop beacons. As Apple was the first company to introduce a beacon standard, iBeacon has received rapid adoption in the past five years since its inception in 2013. Google's Eddystone is projected to exhibit high growth between 2017 and 2024 due to an extensive Android user-base and consistent upgradation of the platform by the company.

Major Highlights from Table of contents are listed below for quick lookup into Beacon Technology Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Beacon Technology Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Beacon Technology Market Statistical model and forecast
  • Industry insights and validation
  • Beacon Technology Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Beacon Technology industry 360º synopsis - 2025
  • Beacon Technology Business trends
  • Region trends

Chapter 5. Beacon Technology industry Insights

  • Beacon Technology Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Beacon Technology Market Growth potential analysis

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