Beacon Technology Market Outlook 2026 By Component, Size, Share, Trends, Opportunity and Forecast
According To TechSci Research, Global beacon technology market stood at $ 1.56 billion in 2019 and is projected to grow at a CAGR of over 45% during 2021-2026, on account of increasing demand for technology as it can assist marketers in building and optimizing their strategies. Beacons are small, inexpensive wireless transmitters, which use low-energy Bluetooth technology to send signals to nearby compatible smart devices. The technology has been around for few years and is expanding to various verticals, such as retail and healthcare, among others at a rapid pace. Beacon technology is based on taking the advantage of physical location and proximity for the transfer of signals. Moreover, increasing proliferation of smartphones and surging demand for location-based marketing solutions is expected to drive the market through 2026. Beacon technology market can be segmented based on component, technology, connectivity, application and region. On the basis of technology, the mar...