Beacon Technology Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Beacon technology refers to small wireless low-energy Bluetooth-based transmitter devices that can send signals to smart devices in the vicinity. Increasing advancements in proximity marketing will stimulate beacon technology demand in real estate applications. The beacon technology market is expected to witness an accelerated growth over the forecast timeline due to the extensive usage of technology in industry verticals including retail, education, hospitality, and healthcare. For instance, the healthcare sector is witnessing heavy usage of Bluetooth-based technologies to improve the quality of healthcare services provided to patients. Beacons offer vital information to users such as navigating hospitals and finding medications to improve hospital efficiency, which will improve patient satisfaction.

MARKET DYNAMICS

Growing adoption of IoT and surge in demand for location-based marketing solutions are some of the major factors driving the growth of the Beacon technology market. Moreover, increasing penetration of mobile devices and emphasis on developing smart cities are some of the other factors anticipated to boost the growth of the Beacon technology market.

MARKET SCOPE

The "Global Beacon Technology Market Analysis to 2031" is a specialized and in-depth study of the business process automation market with a special focus on the global market trend analysis. The report aims to provide an overview of business process automation market with detailed market segmentation by platform, deployment type, application, technology. The global business process automation market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading business process automation market player and offers key trends and opportunities in the business process automation market.

MARKET SEGMENTATION

The global business process automation market is segmented on the basis of platform, deployment type, application, technology. On the basis of platform, market is segmented as ibeacon, eddystone, altbeacon. On the basis of deployment type, market is segmented as on-premise, cloud. On the basis of application, market is segmented as retail, travel, tourism and hospitality, healthcare, financial institutions, real-estate, education. On the basis of technology, market is segmented as BLE, WI-FI, ultrasound, combined technologies

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global business process automation market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The business process automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting business process automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the business process automation market in these regions.

MARKET PLAYERS

The reports cover key developments in the business process automation market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from business process automation market are anticipated to lucrative growth opportunities in the future with the rising demand for business process automation market. Below mentioned is the list of few companies engaged in the business process automation market.

The report also includes the profiles of key business process automation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Accent Systems
  
•   Beaconinside
  
•   BlueCats
  
•   Blue Sense Networks
  
•   Estimote Inc
  
•   Gimbal
  
•   Glimworm Beacons
  
•   Google Inc
  
•   Texas Instruments
  
•   Apple Inc
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Beacon Technology Report Scope