Global Smart Beacon Market is expected to reach USD 26583.34 Million by 2024 from USD 765.72 Million in 2017 at a CAGR of 55.8% (Detailed analysis of the market CAGR is provided in the report). A Smart Beacon is a proximity beacon that sends a signal using Bluetooth technology. When a smart-phone or tablet is in the range of beacon it triggers a notification on the device. 
The smart beacon market based on end-use has been segmented into retail, public gatherings & spaces, hospitality, transportation & logistics, sports, aviation, healthcare, automotive, bank, financial services & insurance (BFSI), education and others. Transportation and logistics end users are expected to form one of the major contributors for the market growth. Based on beacon standard, the market for Eddystone is expected to be one of the major contributors for the market growth. Geographically, AI in Agriculture market has been segmented into Asia-Pacific, North America, Europe, Middle-East & Africa and Latin America. Europe is expected to be one of the major market drivers to boost this market till 2026. The high traction of the beacon technology and growing need for technologically advanced marketing platforms among the end users helps for the market growth in Europe. Growing adoption of smartphones and increasing focus on business intelligence are major factors driving the market growth and large adoption of online platforms in retail sectors is expected to restraint market growth. The years that have been considered for the study are: • Base year – 2016 • Estimated year – 2017 • Forecast period – 2017 to 2024 Key Highlights: • Global smart beacon market analysis and forecast, in terms of volume and value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Smart Beacon Market. • Global smart beacon market segmentation on the basis of beacon standard, connectivity type, offering, end-use and geography (country-wise) has been provided. • Global smart beacon market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study. • Global smart beacon market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global smart beacon market are also profiled. Research Methodology: The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Smart Beacon Market.
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