Beacon Market will Showcase Positive Impact during 2020-2024 | Benefits of Proximity Beacon Marketing to Boost the Market Growth
Technavio has been monitoring the beacon market and it is poised to grow by USD 15.99 bn during 2020-2024, progressing at a CAGR of almost 57% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Beacon Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apple Inc., BlueUp Srls, Estimote Inc., Gimbal Inc., Google LLC, Hewlett Packard Enterprise Co., Kontakt.io Inc., KS Technologies Inc., Radius Networks Inc., and Texas Instruments Inc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Benefits of proximity beacon marketing has been instrumental in driving the growth of the market.
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Beacon Market 2020-2024: Segmentation
Beacon Market is segmented as