The analysis of The Insight Partners provides insight into the global beacon market. Beacon is a small device that broadcast signals wirelessly through the use of technology such as Bluetooth Low Energy also known as BLE. The device transmits data to multiple devices in a specific range.
The increase in demand for the beacon is driven by the increase in advance devices that utilize beacon for different purposes. Beacon offers a good alternative to the capturing of data and transmission in a wireless process.
The major manufacturers influencing the market are also discussed in the report along with all the factors affecting the market of these manufacturers. The report highlight drivers, revenue, market status and trends of global beacon market. The report is aimed to provide an in-depth study of beacon market by focusing on all the aspects of the industry.
The concern of data safety and privacy can hinder the global market growth of beacons. However, the demand for a better tracking and precise system is driving the market. The market is segmented based on type, application, end users and regions. Different regions are included along with all the factors affecting the market in these regions.