Smart Beacon Market Analysis of Rising Business
Opportunities with Prominent Investment Ratio by 2026
Smart Beacon Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
A smart beacon is a proximity device, which transmits a signal with the help of Bluetooth low
energy proximity sensing technology by using compatible application or operating system. When
a smartphone or tablet is in the beacon’s range, it detect the physical location of the device and
tracks customer, then triggers allocation based notification on the device. For example, smart
beacons are used in brick and mortar retail stores for mobile commerce to send notification
regarding
special
offers
to
the
customers.
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https://www.coherentmarketinsights.com/insight/request-pdf/1141
iBeacon and Eddystone are two most significant protocols used in smart beacon. iBeacon is
developed by Apple, Inc. and is iOS compatible. iBeacon functions in iPhones and iPads. For
instance, in 2013 Apple, Inc. activated iBeacon across 254 stores in the U.S. Eddystone was
launched by Google LLC in 2015 and it is now highly adopted in the market. It is specially
developed for Android users.
According to Coherent Market Insights’ analysis, smart beacons generated around US$ 4 Billion in
offline retail sales as of 2016, and is expected to exhibit significant growth by 2025.