Global Smart Beacon Market to Reach $37.7 Billion by 2026

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Jul 04, 2022, 07:00 ET

SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Beacon - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

Global Smart Beacon Market to Reach $37.7 Billion by 2026

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Edition: 8; Released: January 2022
Executive Pool: 1042
Companies: 17 - Players covered include Accent Systems; Aruba Networks, Inc.; Avvel International; Beaconinside GmbH; Bleesk; Blue Sense Networks; BlueUp Srls; Bluvision, Inc.; Cisco Systems, Inc.; Estimote, Inc.; Gimbal Inc.; JAALEE Technology Co., Ltd.; Kontakt.io; Leantegra Inc.; Onyx Beacon Ltd. (Romania); Sensoro Co., Ltd.; Swirl Networks, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Beacon Standard (iBeacon, Eddystone, Other Beacon Standards); Connectivity (Bluetooth Low Energy (BLE), Hybrid); End-Use (Retail, Transportation & Logistics, Sports, Bank, Financial Services, Insurance (BFSI), Other End-Uses); Offering (Hardware, Software, Service)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Smart Beacon Market to Reach $37.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Beacon estimated at US$3.2 Billion, is projected to reach a revised size of US$37.7 Billion by 2026, growing at a CAGR of 50.2% over the analysis period. iBeacon, one of the segments analyzed in the report, is projected to record a 45.3% CAGR and reach US$20.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Eddystone segment is readjusted to a revised 54.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $6.2 Billion by 2026
The Smart Beacon market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2026 trailing a CAGR of 48% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 44.9% and 42.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 33.5% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.