April 01, 2020
According to the research report titled ‘North America Beacon Technology Market Size By Platform, By Deployment Model, By Application, By Technology– Industry Report, Growth Analysis & Forecast, 2018 – 2024’, available with Market Study Report LLC, North America beacon technology market is expected to surpass USD 8 billion by the year 2024.
Increasing awareness pertaining to the advantages of proximity marketing in healthcare and retail sector is a major factor positively influencing the beacon technology market growth in North America.
The report states that Eddystone platform segment is presumed to expand with a CAGR of 75% during 2018-2024, primarily due to the capability of this platform of eliminating the need for local apps by directly using the chrome app on smartphones for providing an ideal mobile experience.
The cloud deployment model segment is expected to grow with a CAGR of 85% between 2018 and 2024. Cloud deployment enables beacons to be controlled remotely. Large fleets of Bluetooth devices can be efficiently monitored using cloud platform which further helps in minimizing the overall maintenance cost.
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As per the report, North America beacon technology industry share from healthcare sector is predicted to witness a growth rate of 85% through 2024. IoT and beacons can be used together to ensure high security and compliance in the healthcare sector. Additionally, beacons can be used to keep track of the medical equipment and staff activities within the hospitals.
RECO, Radius Networks, Onyx Beacon, Texas Instruments, Swirl, Google, Apple, BlueCats, Gimbal, Madison Beacons, blueSense Networks, Kontakt.io, Glimworm Beacons, Sensorberg, Estimote and Beaconinside are the key industry players prevailing in North America beacon technology industry.
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