Graphical Research recently introduced new title, “2018-2024 Europe Beacon Technology Market Report,” that provides an in-depth overview of the industry and competitive landscape, covering multiple market segments and elaborating market outlook and status to 2024.
Beacon Technology Market predicted to cross USD 7 billion by
2024 due to the growing popularity of beacons in tourist destinations and transport networks to assist visitors with location-based services. For instance, the castle of Formigine in Italy has been equipped with beacons that allow the visitors to have a virtual tour of the monument. The app Artplace Museum available on Apple Store and Android guides the visitors with an interactive content that includes 3D graphics, illustration, music, and storytelling.
The BLE technology is expected to exhibit robust growth over the forecast period at a CAGR of over 90% in the Europe beacon technology market. The technology allows transmitting small amounts of data up to 50 meters. The technology is cheap and easy to adopt and allows a collection of insightful data in a low-cost manner.
The AltBeacon platform is expected to register an excellent growth at a CAGR of over 85% between 2017 and 2024. The platform enables application-specific UUIDs rather than company-specific ones. AltBeacon has the ability to have different manufacturer IDs and different Beacon codes.
The Germany beacon technology market is projected to register an accelerated growth between 2017 and 2024. There is an increasing emphasis on developing a nationwide beacon infrastructure in the country. The German airline, Lufthansa
Some of the key players in the Europe beacon technology market include Beaconinside, BlueCats, Glimworm Beacons, Radius Networks, blueSense Networks, Gimbal, Google