BLE Beacon Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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BLE Beacon Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global BLE Beacon Technologies Market: Overview

The global BLE beacon technologies market has registered a significant rise in its valuation. The widening application base of beacons and BLE tags is creating new growth opportunities for BLE beacon technologies. Beacon technologies are being widely utilized in asset tracking and the monitoring of machine status in high volume verticals, which is adding to the market’s progress. BLE beacons are also being increasingly deployed in LED lightings, cameras, digital signage, point of sale (POS) devices, and vending machines. Together with technological advancements, this trend is likely to boost the global market in the years to come.

Regionally, the global BLE beacon technologies market reports its presence across Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa.

  • North America has emerged as the dominant regional market for BLE beacon technologies. The continued uptake of BLE beacon technology in the hospitality and retail industries has been driving this regional market.
  • North America BLE beacon technologies market is expected to witness continued leadership over the next few years. Financial institutions and airports in North America are likely to report a rise in BLE beacon deployment in the near future, aiding this regional market.
  • Among others, the Middle East and Africa BLE beacon technologies market is foretold to report relatively faster growth in the coming years.

The increasing need to drive store sales among retailers is boosting the worldwide BLE beacon technologies market significantly. In a bid to bring customers to stores, retailers are providing customized offers and coupons. As BLE beacon not just sends promotional messages; but also provides product information to customers, the rise in their demand is manifolds.

Equally robust as the classic Bluetooth, BLE beacons are best known for high efficiency functioning with multiple nodes of communication, with the least latency demands. With almost 3/4th of the US retail sector already incorporating Bluetooth beacons in their modern marketing mix, the global Bluetooth beacons technology landscape is all set to demonstrate exceptional growth in the near future.

To establish real-time communication between brands and their customers, the former are adopting proximity marketing solutions that are based on the proximity of customer locations. As customer perceptions continue to take the center stage and competition across industries remains on an ever-growing surge, smart and interactive marketing solutions such as BLE beacon technologies are likely to witness an excellent adoption outlook over the coming years. In an effort to deliver a mobile experience to customers beyond mobile devices, marketers are foreseen to support the growth of BLE beacon technologies market.

Leading Companies in BLE Beacon Technologies Market Focusing on Innovations and Improved Performance

Besides established platform providers, the global BLE beacon technologies market is flooded with prominent hardware suppliers and beacon technology providers. Along with industry behemoths such as Google Inc., Apple Inc., Accent Systems, and Gimbal.

Some of the most prominent competitors operating in the competitive landscape of global BLE beacon technologies market include –

  • Beaconinside
  • RECO
  • Estimote
  • Texas Instruments
  • BlueCats
  • KS Technologies
  • Blue Sense Networks
  • Kontakt.io
  • Onyx Beacon
  • Estimote Inc.
  • Madison Beacons

Innovation in beacons covering diverse application ranges is currently the top strategy adopted by strong contenders such as Gimbal, Estimote, and Kontakt.io. Whereas, several others in the competitive landscape of global BLE beacon technologies market are focusing on new product developments, emphasizing enhanced performance capabilities.

BLE Beacon Technologies Remain Most Favored for Operating Beacons

Majorly attributed to lower power consumption compared to other Bluetooth beacons, BLE beacon technologies are witnessing higher traction over the recent past. As organizations are stretching their marketing budgets for improved productivity in form of highly specific location-based marketing capabilities, it is more likely that BLE beacon technologies will continue to experience significant adoption in the near future. When compared to the total costs associated with the installation of entire wireless network, the relatively low-cost manufacturing and economical deployment costs are projected to push the prospects of BLE beacon technologies adoption across various industrial segments, according to research.

BLE Beacon Technologies to Discover Most Attractive Avenues in Retail

North America’s BLE beacon technologies market is currently witnessing notable revenue growth that could be attributed to the rapid and widespread expanse of BLE beacon technologies across the region’s large-scale retailers, especially in the US. Exceptional mobile device penetration is further supporting the adoption of BLE beacon technologies by the North American retail sector.

Modern marketing activities such as conveying quick product information, offering the flash sale, and updating on custom deals majorly account for pushing customers’ informed purchasing decisions, which remains a key factor compelling retailers to embrace BLE beacon technologies, thereby fueling revenue growth of BLE beacon technologies market. E-tailers, with an intent to deliver rich digital experience to customers, are especially anticipated to contribute a considerable share in the BLE beacon technologies market expansion.

There’s much beyond Retail, Say Industry Experts

While a sizable chunk of the population of online shoppers is reportedly opening and engaging with the content triggered by beacons and even redeeming offers provided by beacons, the global Bluetooth beacons market is more likely to foresee a positive growth outlook in the near future. However, retail is not the only application being explored by providers of BLE beacons technologies. Millions of Android as well as iOS phones are extending compatibility with Bluetooth low energy (BLE) beacon technologies somewhere in their apps, which is a strong reason cited as a responsible factor for the increasing installed base of BLE beacon technologies in smartphones. Companies are thus exploring a diverse range for applicability of BLE beacon technologies, including manufacturing, construction, healthcare, logistics, and transportation.

Global BLE Beacon Technologies Market Taxonomy

By Application –

  • Retail
  • Non-retail

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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