A meteoric 180x increase in revenue to be witnessed by Bluetooth beacon and iBeacons by 2025 end
According to the research study, the global Bluetooth beacon and iBeacon market is anticipated to grow at a noteworthy rate to reach a significant value by the end of the assessment year. The Bluetooth beacon and iBeacon market experienced a sluggish growth initially during 2012-2016 period. However, it gained enormous steam after 2016 and is projected to grow at a gigantic CAGR of 91.4% throughout the period of assessment, 2017-2025. By the end of the assessment year, the global market for Bluetooth beacons and iBeacons is estimated to reach an enormous valuation of more than US$ 37 Bn from a mere US$ 207 Mn in 2017. This enormous growth can be attributed to various key aspects such as implementation of beacons in retail stores to engage customers, consistency in growth of smartphones and related technologies and increasing sue of beacons in industries for enhancement of safety. As per the research report, the players involved in this market can focus on expanding their reach in Asia Pacific and North America region in the coming years.
North America region to be highly lucrative for Bluetooth beacon and iBeacons
North America region is anticipated to be highly lucrative region for the growth of Bluetooth beacons and iBeacons in the coming years. The region reflected high potential in terms of growth and revenue generation in this market since past couple of years. In the coming years, it is likely to dominate the global market over other regions. The Bluetooth beacon and iBeacon market in North America is projected to grow at an exponential CAGR of 90.6% throughout the period of assessment to reach a high valuation of more than US$ 14 Bn by the end of the forecasted year from a value of US$ 82 Mn in 2017.
United States has highly contributed to the growth of the Bluetooth beacon and iBeacon market in North America region, followed by Canada. By technology, the iBeacon segment dominated the global market by reflecting a higher market share and value. By the end of 2025, this technology segment is projected to show a value higher than US$ 10 Bn. The retail end users segment in the North America Bluetooth beacon and iBeacon market is expected to show high prominence in the coming years. However, the non-retail end user segment in this region is expected to grow at a comparatively higher pace in the near future.
Asia Pacific to soar at super speed in the Bluetooth beacon and iBeacon market
Asia pacific region has shown higher potential in the growth of this technology market. It is the third largest region with respect to revenue size. The Bluetooth beacon and iBeacon market in Asia Pacific region is valued at about US$ 40 Mn in 2017 and is estimated to reach a higher valuation of more than US$ 8 Bn by the end of the assessment period.
China country is the major contributor of growth of the Bluetooth beacon and iBeacon market in Asia Pacific region, followed by Japan. Technology wise, eddystone segment is projected to grow at a higher pace in this region, with a CAGR of 96.9%. The iBeacon technology segment is expected to be the largest segment in terms of market value and is projected to grow at a significant rate in the years to come. The retail and non-retail segments in the end user category both have given significant contribution. The Bluetooth beacon and iBeacon technology has been rapidly adopted in these segments; the retail segment has an upper hand with respect to market value whereas the Bluetooth beacon and iBeacon technology in non-retail sector in Asia Pacific is expected to grow at a higher pace in the future.
The analytical research report titled “iBeacon and Bluetooth Beacon Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” published by Persistence Market Research covers every aspect of the market that the reader can use to gain stability in the global market. It portrays key acumen that the reader can use to gain tempo in the market with respect to growth and devise key strategies followed up with execution. The research report enables the reader to shape up according to changing market dynamics with a view to gain competitive advantage in the coming years.
Global perspective in a nutshell
Global Bluetooth beacon and iBeacon market research report focuses on various opportunities, trends, drivers and restraints across key geographies in the globe. This delivers a global perspective by covering all the key areas presenting a holistic view of the market. This assists the reader to get a detailed understanding about the regions with optimum potential in order to slate investment decisions and expansion strategies. The research study eliminates all the biasness giving a more realistic shape to the market acumen.
An exquisite research process for an incisive research study
Credibility of the researched data and statistics lie in the uniqueness of the research methodology which ensures higher accuracy. In-depth assessment of the global Bluetooth beacon and iBeacon market is underpinned by an extensive research process that includes both secondary and primary research to obtain relevant numbers. The data collected undergoes several funnels of validation and re-examination at each step, as the research progresses. This ensures delivering value with data having higher degree of accuracy. The expert opinions of the market observers and the domain experts is extrapolated and triangulation of these enables the analysts to arrive at a much accurate global market representation.
The research report on global Bluetooth beacon and iBeacon market includes a dedicated chapter on competitive scenario which covers key players and their standing in the global market. The section involves strategies applied by major players, along with their product synopsis, new innovations and key developments, product lien expansions, their area wise spread and future expansion tactics, mergers and acquisitions taken place, the market shares and revenues of these tier players, financials, key personnel, etc. This intelligence dashboard completes with the inclusion of the analysis of the various aspects of the key competition in the market. Competitive assessment has been done in a systematic way to enable the reader to draw necessary conclusions.
Actionable acumen delivered
The comprehensive research report on global Bluetooth beacon and iBeacon market provides valuable insights with weighted analysis. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Persistence Market Research aims at doing all the heavy lifting by providing unbiased insights which can be actioned by the research team thus supporting in achieving their research milestones.
Why should you invest in this report?
There are several reasons which reinforce the value of this research report, such as un-biasness in the research data collection, detailed and comprehensive and a weighted segmentation of the entire market, the key trends and developments taking place in the market, statistical analysis reaching maximum accuracy, global market forecasts which gives an idea about the future market scenario based on the current and the past market dynamics and assisting the reader in slating important strategies in order to maintain the right rhythm and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.