US Beacon Technology Market Size, Share, Growth, Research and Forecast 2019-2025

The US beacon technology market is estimated to grow at an impressive rate during the forecast period. The wide adoption of beacon-based technology coupled with the significant presence of market players such as Google LLC and Apple Inc. in the country is augmenting the growth of the US beacon technology market. Beacon is a small device, which when connected to smart devices such as smartphones through Bluetooth and Wi-Fi, enables a notify accurate location within a narrow range than GPS and Wi-Fi proximity. Increasing investment in proximity marketing, upsurge in organized retailing, and growing concerns regarding privacy and security is influencing the growth of the beacon market across the country.

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The US beacon technology market is segmented on the basis of beacon protocol, location technology, and application. On the basis of the beacon protocol, the market is segmented into iBeacon, Eddystone, AltBeacon, and others. Based on the location technology, the market is classified into BLE, Wi-Fi, Ultrasound, and Others. On the basis of application, the market is classified into retail, healthcare, BFSI, logistics and warehouses, and others. Retail sector is estimated to dominate the market over the forecast period. As online shopping is dominating retail shopping, indoor location-based analytics is one fine way used by the brick-and-mortar retailers to encourage the foot traffic. The retailers are realizing the benefits of location-based analytics services and increasingly deploying it at their stores. Thereby, augmenting the segmental business growth.

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Furthermore, the market is characterized by the presence of several players including Google LLC, Apple Inc., Qualcomm Inc., Cisco Systems Inc., Hewlett Packard Enterprise Development LP (Aruba Networks, Inc.), Estimote Inc., Kontakt.io, Osram Licht AG, Signal 360, Inc., and many others. These players adopt various strategies in order to compete in the global industry. Mergers and acquisitions, product launch, geographical expansion, and partnerships and collaborations are some of the strategies adopted by the players.

US Beacon Technology Market- Segmentation

by Beacon Protocol

• iBeacon
• Eddystone
• AltBeacon
• Others (GeoBeacon)

by Location Technology

• Bluetooth Low Energy (BLE)
• Wi-Fi
• Ultrasound
• Others (Combined Technology)

by Application

• Retail
• Healthcare
• BFSI
• Logistics and Warehouses
• Others (Travel, Tourism & Hospitality)

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Company Profiles

• Accent Advanced Systems, SLU
• Apple Inc.
• BlueCats
• Cisco Systems, Inc.
• Estimote, Inc.
• GeLo, Inc.
• Glimworm Beacons
• Google LLC
• Hewlett Packard Enterprise Development LP (Aruba Networks, Inc.)
• JAALEE Technology Co., Ltd.
• Kontakt.io
• Leantegra Inc.
• Osram Licht AG
• Qualcomm Inc.
• Sensorberg GmbH
• Sensoro Co., Ltd.
• Signal 360, Inc.

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