The Smart Beacons Market size was valued at USD 3.3 billion in 2022 and is expected to grow to USD 42.90 billion by 2030 and grow at a CAGR of 37.8% over the forecast period of 2023-2030.
Smart beacons are likely to play a big part in how businesses interact their customers given the continued rise in smartphone adoption around the world. Nearly 490 million of the more than 4.4 billion active social media users globally as of 2021 utilize location-based services that are powered by beacons. Nowadays, location-based services are an essential component of mobile apps, therefore it should come as no surprise that marketers are keen on using actual locations to develop customized messaging for customers. What important is that businesses must reliably identify user position by GPS, Wi-Fi, or Bluetooth signals in order to deliver service or product notifications based on the customer's geo-location through their smart devices.
By 2022, more than 35% of mobile users will frequently use location-based services on their smartphones, demonstrating that marketers are aware of how crucial it is for companies to communicate with customers more efficiently. Consequently, more businesses are implementing technology like iBeacon. With the help of the Bluetooth-based iBeacon technology, smartphone users can receive messages from inside of buildings. It can be used to deliver users about limited-time deals or price reductions that apply to their area.
Get More Information on Smart Beacons Market - Request Sample Report
Smart Phone Device Adoption is Growing, and Business Intelligence is Receiving More Attention
Beacon signals can be captured by smartphones and other mobile devices, and distance is calculated by calculating the received signal strength. The distance between sending and receiving devices affects how strong the signals are. It's interesting to note that both employ beacons for economic and commercial goals. Prospective clients should find it simpler to shop, services should be improved, and sales should increase. In terms of technology, smart beacon utilization is proven to be revolutionary. Global technology giants like Google Inc. and Apple Inc. are aggressively promoting beacon technology, and successful corporate use cases in airports, retail establishments, and other sites throughout the world all point to a promising future for the technology.
RESTRAIN:
Security Issues
Insufficient technological knowledge
OPPORTUNITY:
Growing use of smart Beacons
Growth opportunities will be produced by the proliferation of smart beacons in the logistics and transportation industry. This industry conducts extensive and sophisticated activities. Additionally, managing a mixed workforce is a challenging task. Smart beacons, on the other hand, are outstanding remedies for these problems. It is a technology that is helpful to assess employees' performance. The use of smart beacons makes operations simpler. One benefit of this technology is the increase in productivity. Additionally, it is able to create objectives and view operations in real-time. The logics market's expanding demand will boost the smart beacon market's profitability. Another industry that generates a wide range of opportunities is the retail sector.
CHALLENGES:
Lack of Technologies
However, the lack of technological resources and worries about privacy and security are a significant barrier to the growth of the worldwide smart beacon market. Additionally, the sector for smart beacons is anticipated to benefit from the growth of organized retailing. The rise of consumerism, higher living standards, increased disposable income, the impact of technology, and the arrival of international retailers all contribute to the organized retail industry's expansion. Additionally, as the number of organized retail establishments like supermarkets, department shops, hypermarkets, and discounters increase and beacon technology makes these establishments smarter, the demand for beacon technology is predicted to increase.
High possibilities of cyber attack
IMPACT ANALYSIS
IMPACT OF RUSSIAN UKRAINE WAR
The blockade of Ukraine's grain has wide-ranging repercussions, impacting the cost of life globally. Today's wheat prices have already fallen by 2% as a result of the potential unblocking of more than 20 million tonnes of Ukrainian grain. A global food crisis has resulted from the five-month war's blockade of Ukraine's grain, with wheat-based goods like bread and pasta becoming more expensive. Since the war started, the cost of cooking oils and fertilizer has also skyrocketed; nevertheless, the agreement may make it easier to export those commodities as well. Many people in the UK have probably also observed a rise in food prices in recent months.
A deal offers some much-needed hope even if it is merely the first step in a lengthy process. With millions of tonnes of grain cluttering up storage facilities required for the current crop, Ukrainian farmers, who generally export about a sixth of the regular quantity, have reason for optimism. The trade representative for Ukraine informs me that manufacturing is operating at 80% of normal levels and has been less interrupted than anticipated. However, that product must be exported and sold in order for farmers to plan for the upcoming planting season and harvests. Additionally, it represents promise for nations who have struggled to find alternatives to the Ukrainian grain on which they are so dependent. Additionally, it represents the hope of the rest of us for an end to the skyrocketing cost of our daily bread. Wheat prices, which are set on global commodities markets and greatly influenced by mood, are what determine that but rapid action must come after for that relief to last.
By Standard Type
iBeacon
Eddystone
Others
By Connectivity
Bluetooth Low Energy (BLE)
WiFi
Hybrid
By Offering
Hardware
Standard Beacon
Sticker Beacon
Card Beacon
Software
Service
By End User
Retail
Hospitality
Transportation & Logistics
Healthcare
BFSI
Education
Others
.png){kind=tracking}
Get Customized Report as per your Business Requirement - Request For Customized Report
The region with the largest stake in the global smart beacon market is anticipated to expand over the forecast period. One of the key drivers of the European market is the expansion of large firms' strategic endeavours in countries like Germany, the United Kingdom, Spain, France, Italy, and others. The retail industry's growing demand for smart beacons is what has sped up research in this area. Leading offline merchants in this area are focusing on implementing cutting-edge beacons to boost their productivity. Businesses in the micro-location and mobile proximity sector are continuously enhancing the quality and depth of the data analytics they provide in order to better target their clients. Several different IoT applications frequently use smart beacons, especially in large-scale.
The markets for smart beacons are split between North America, Europe, and Asia Pacific. The leading country with the highest demand rate is in North America. In this market, adoption is increasing. Growth prospects will result from the booming investments. Additionally, government assistance increases market demand. In addition, there is Key players have a lot of awareness. The next-largest market with the most demand is Asia Pacific. Due to the logistics industry, there is a strong demand. The smart beacon market in this area has a high rate of smartphone app development. The educational center's demand is also expanding. The market in Europe is expanding and has a lot of room for expansion. These will all result in regional players a profit during the anticipated timeframe.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players of Smart Beacons Market are Estimate, Inc. (US), io (Poland), Cisco Systems Inc. (US), Aruba-Hewlett Packard Enterprise Company (US), Bluvision-HID Global Company (US), Leantegra Inc. (US), Gimbal, Inc. (US), Bluvision-HID Global Company (US), Accent Advanced Systems, Sensor Co., Ltd (US), SLU (Spain), Swirl Networks (US) and other players are listed in a final report.
Cisco Systems Inc. (US)-Company Financial Analysis
June 2022: Axians and Cisco have partnered to support businesses in Germany and the Netherlands with digitizing and expanding loT over Cisco's private 5G network.
November 2022: Cisco has established six new partner solution specializations.
In January 2023, the life science instruments business Berkeley Lights, Inc. announced the release of Beacon Select, a novel optofluidic device for cell line creation. Beacon Select is built on the same cutting-edge technology as the original Beacon System, which was introduced in 2017 and has more than 130 systems installed worldwide as of this writing.
To replace emergency triangles on the road, CAR-LITE and Sigfox released an intelligent light beacon based on the oG network in December 2021. Without the need for an internet connection, Wi-Fi, or SIM card, the new light beacon, created and developed by CAR-LITE, will automatically send alerts to the appropriate road safety authorities and precisely geo-locate the location of failed vehicles using the Sigfox oG network.
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 3.3 billion |
|
Market Size by 2030 |
US$ 42.90 billion |
|
CAGR |
CAGR of 37.8% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
By Standard Type (iBeacon, Eddystone, Others), By Connectivity (Bluetooth Low Energy (BLE), WiFi, Hybrid), By Offering (Hardware, Software, Service), By End User (Retail, Hospitality, Transportation & Logistics, Healthcare, BFSI, Education, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Estimate, Inc. (US), io (Poland), Cisco Systems Inc. (US), Aruba-Hewlett Packard Enterprise Company (US), Bluvision-HID Global Company (US), Leantegra Inc. (US), Gimbal, Inc. (US), Bluvision-HID Global Company (US), Accent Advanced Systems, Sensor Co., Ltd (US), SLU (Spain), Swirl Networks (US) |
|
Market Opportunities |
•Growing use of smart Beacons |
|
Market challenges |
•Lack of Technologies •High possibilities of cyber attack |
Smart Phone Device Adoption is Growing, and Business Intelligence is Receiving More Attention.
Lack of Technologies and High possibilities of cyber-attack.
North America is dominating the Smart Beacons Market.
Smart Beacons Market size was valued at USD 3.3 billion in 2022
Smart Beacons Market is anticipated to expand by 37.8% from 2023 to 2030.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Smart Beacons Market Segmentation, By Standard Type
8.1 iBeacon
8.2 Eddystone
8.3 Others
9. Smart Beacons Market Segmentation, By Connectivity
9.1 Bluetooth Low Energy (BLE)
9.2 WiFi
9.3 Hybrid
10. Smart Beacons Market Segmentation, By Offering
10.1 Hardware
10.1.1 Standard Beacon
10.1.2 Sticker Beacon
10.1.3 Card Beacon
10.2 Software
10.3 Service
11. Smart Beacons Market Segmentation, By End User
11.1 Retail
11.2 Hospitality
11.3 Transportation & Logistics
11.4 Healthcare
11.5 BFSI
11.6 Education
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Smart Beacons Market by Country
12.2.2North America Smart Beacons Market by Standard Type
12.2.3 North America Smart Beacons Market by Connectivity
12.2.4 North America Smart Beacons Market by Offering
12.2.5 North America Smart Beacons Market by End User
12.2.6 USA
12.2.6.1 USA Smart Beacons Market by Standard Type
12.2.6.2 USA Smart Beacons Market by Connectivity
12.2.6.3 USA Smart Beacons Market by Offering
12.2.6.4 USA Smart Beacons Market by End User
12.2.7 Canada
12.2.7.1 Canada Smart Beacons Market by Standard Type
12.2.7.2 Canada Smart Beacons Market by Connectivity
12.2.7.3 Canada Smart Beacons Market by Offering
12.2.7.4 Canada Smart Beacons Market by End User
12.2.8 Mexico
12.2.8.1 Mexico Smart Beacons Market by Standard Type
12.2.8.2 Mexico Smart Beacons Market by Connectivity
12.2.8.3 Mexico Smart Beacons Market by Offering
12.2.8.4 Mexico Smart Beacons Market by End User
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Smart Beacons Market by Country
12.3.1.2 Eastern Europe Smart Beacons Market by Standard Type
12.3.1.3 Eastern Europe Smart Beacons Market by Connectivity
12.3.1.4 Eastern Europe Smart Beacons Market by Offering
12.3.1.5 Eastern Europe Smart Beacons Market by End User
12.3.1.6 Poland
12.3.1.6.1 Poland Smart Beacons Market by Standard Type
12.3.1.6.2 Poland Smart Beacons Market by Connectivity
12.3.1.6.3 Poland Smart Beacons Market by Offering
12.3.1.6.4 Poland Smart Beacons Market by End User
12.3.1.7 Romania
12.3.1.7.1 Romania Smart Beacons Market by Standard Type
12.3.1.7.2 Romania Smart Beacons Market by Connectivity
12.3.1.7.3 Romania Smart Beacons Market by Offering
12.3.1.7.4 Romania Smart Beacons Market by End User
12.3.1.8 Hungary
12.3.1.8.1 Hungary Smart Beacons Market by Standard Type
12.3.1.8.2 Hungary Smart Beacons Market by Connectivity
12.3.1.8.3 Hungary Smart Beacons Market by Offering
12.3.1.8.4 Hungary Smart Beacons Market by End User
12.3.1.9 Turkey
12.3.1.9.1 Turkey Smart Beacons Market by Standard Type
12.3.1.9.2 Turkey Smart Beacons Market by Connectivity
12.3.1.9.3 Turkey Smart Beacons Market by Offering
12.3.1.9.4 Turkey Smart Beacons Market by End User
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Smart Beacons Market by Standard Type
12.3.1.10.2 Rest of Eastern Europe Smart Beacons Market by Connectivity
12.3.1.10.3 Rest of Eastern Europe Smart Beacons Market by Offering
12.3.1.10.4 Rest of Eastern Europe Smart Beacons Market by End User
12.3.2 Western Europe
12.3.2.1 Western Europe Smart Beacons Market by Country
12.3.2.2 Western Europe Smart Beacons Market by Standard Type
12.3.2.3 Western Europe Smart Beacons Market by Connectivity
12.3.2.4 Western Europe Smart Beacons Market by Offering
12.3.2.5 Western Europe Smart Beacons Market by End User
12.3.2.6 Germany
12.3.2.6.1 Germany Smart Beacons Market by Standard Type
12.3.2.6.2 Germany Smart Beacons Market by Connectivity
12.3.2.6.3 Germany Smart Beacons Market by Offering
12.3.2.6.4 Germany Smart Beacons Market by End User
12.3.2.7 France
12.3.2.7.1 France Smart Beacons Market by Standard Type
12.3.2.7.2 France Smart Beacons Market by Connectivity
12.3.2.7.3 France Smart Beacons Market by Offering
12.3.2.7.4 France Smart Beacons Market by End User
12.3.2.8 UK
12.3.2.8.1 UK Smart Beacons Market by Standard Type
12.3.2.8.2 UK Smart Beacons Market by Connectivity
12.3.2.8.3 UK Smart Beacons Market by Offering
12.3.2.8.4 UK Smart Beacons Market by End User
12.3.2.9 Italy
12.3.2.9.1 Italy Smart Beacons Market by Standard Type
12.3.2.9.2 Italy Smart Beacons Market by Connectivity
12.3.2.9.3 Italy Smart Beacons Market by Offering
12.3.2.9.4 Italy Smart Beacons Market by End User
12.3.2.10 Spain
12.3.2.10.1 Spain Smart Beacons Market by Standard Type
12.3.2.10.2 Spain Smart Beacons Market by Connectivity
12.3.2.10.3 Spain Smart Beacons Market by Offering
12.3.2.10.4 Spain Smart Beacons Market by End User
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Smart Beacons Market by Standard Type
12.3.2.11.2 Netherlands Smart Beacons Market by Connectivity
12.3.2.11.3 Netherlands Smart Beacons Market by Offering
12.3.2.11.4 Netherlands Smart Beacons Market by End User
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Smart Beacons Market by Standard Type
12.3.2.12.2 Switzerland Smart Beacons Market by Connectivity
12.3.2.12.3 Switzerland Smart Beacons Market by Offering
12.3.2.12.4 Switzerland Smart Beacons Market by End User
12.3.2.13 Austria
12.3.2.13.1 Austria Smart Beacons Market by Standard Type
12.3.2.13.2 Austria Smart Beacons Market by Connectivity
12.3.2.13.3 Austria Smart Beacons Market by Offering
12.3.2.13.4 Austria Smart Beacons Market by End User
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Smart Beacons Market by Standard Type
12.3.2.14.2 Rest of Western Europe Smart Beacons Market by Connectivity
12.3.2.14.3 Rest of Western Europe Smart Beacons Market by Offering
12.3.2.14.4 Rest of Western Europe Smart Beacons Market by End User
12.4 Asia-Pacific
12.4.1 Asia Pacific Smart Beacons Market by Country
12.4.2 Asia Pacific Smart Beacons Market by Standard Type
12.4.3 Asia Pacific Smart Beacons Market by Connectivity
12.4.4 Asia Pacific Smart Beacons Market by Offering
12.4.5 Asia Pacific Smart Beacons Market by End User
12.4.6 China
12.4.6.1 China Smart Beacons Market by Standard Type
12.4.6.2 China Smart Beacons Market by Connectivity
12.4.6.3 China Smart Beacons Market by Offering
12.4.6.4 China Smart Beacons Market by End User
12.4.7 India
12.4.7.1 India Smart Beacons Market by Standard Type
12.4.7.2 India Smart Beacons Market by Connectivity
12.4.7.3 India Smart Beacons Market by Offering
12.4.7.4 India Smart Beacons Market by End User
12.4.8 Japan
12.4.8.1 Japan Smart Beacons Market by Standard Type
12.4.8.2 Japan Smart Beacons Market by Connectivity
12.4.8.3 Japan Smart Beacons Market by Offering
12.4.8.4 Japan Smart Beacons Market by End User
12.4.9 South Korea
12.4.9.1 South Korea Smart Beacons Market by Standard Type
12.4.9.2 South Korea Smart Beacons Market by Connectivity
12.4.9.3 South Korea Smart Beacons Market by Offering
12.4.9.4 South Korea Smart Beacons Market by End User
12.4.10 Vietnam
12.4.10.1 Vietnam Smart Beacons Market by Standard Type
12.4.10.2 Vietnam Smart Beacons Market by Connectivity
12.4.10.3 Vietnam Smart Beacons Market by Offering
12.4.10.4 Vietnam Smart Beacons Market by End User
12.4.11 Singapore
12.4.11.1 Singapore Smart Beacons Market by Standard Type
12.4.11.2 Singapore Smart Beacons Market by Connectivity
12.4.11.3 Singapore Smart Beacons Market by Offering
12.4.11.4 Singapore Smart Beacons Market by End User
12.4.12 Australia
12.4.12.1 Australia Smart Beacons Market by Standard Type
12.4.12.2 Australia Smart Beacons Market by Connectivity
12.4.12.3 Australia Smart Beacons Market by Offering
12.4.12.4 Australia Smart Beacons Market by End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Smart Beacons Market by Standard Type
12.4.13.2 Rest of Asia-Pacific Smart Beacons Market by Connectivity
12.4.13.3 Rest of Asia-Pacific Smart Beacons Market by Offering
12.4.13.4 Rest of Asia-Pacific Smart Beacons Market by End User
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Smart Beacons Market by country
12.5.1.2 Middle East Smart Beacons Market by Standard Type
12.5.1.3 Middle East Smart Beacons Market by Connectivity
12.5.1.4 Middle East Smart Beacons Market by Offering
12.5.1.5 Middle East Smart Beacons Market by End User
12.5.1.6 UAE
12.5.1.6.1 UAE Smart Beacons Market by Standard Type
12.5.1.6.2 UAE Smart Beacons Market by Connectivity
12.5.1.6.3 UAE Smart Beacons Market by Offering
12.5.1.6.4 UAE Smart Beacons Market by End User
12.5.1.7 Egypt
12.5.1.7.1 Egypt Smart Beacons Market by Standard Type
12.5.1.7.2 Egypt Smart Beacons Market by Connectivity
12.5.1.7.3 Egypt Smart Beacons Market by Offering
12.5.1.7.4 Egypt Smart Beacons Market by End User
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Smart Beacons Market by Standard Type
12.5.1.8.2 Saudi Arabia Smart Beacons Market by Connectivity
12.5.1.8.3 Saudi Arabia Smart Beacons Market by Offering
12.5.1.8.4 Saudi Arabia Smart Beacons Market by End User
12.5.1.9 Qatar
12.5.1.9.1 Qatar Smart Beacons Market by Standard Type
12.5.1.9.2 Qatar Smart Beacons Market by Connectivity
12.5.1.9.3 Qatar Smart Beacons Market by Offering
12.5.1.9.4 Qatar Smart Beacons Market by End User
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Smart Beacons Market by Standard Type
12.5.1.10.2 Rest of Middle East Smart Beacons Market by Connectivity
12.5.1.10.3 Rest of Middle East Smart Beacons Market by Offering
12.5.1.10.4 Rest of Middle East Smart Beacons Market by End User
12.5.2. Africa
12.5.2.1 Africa Smart Beacons Market by country
12.5.2.2 Africa Smart Beacons Market by Standard Type
12.5.2.3 Africa Smart Beacons Market by Connectivity
12.5.2.4 Africa Smart Beacons Market by Offering
12.5.2.5 Africa Smart Beacons Market by End User
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Smart Beacons Market by Standard Type
12.5.2.6.2 Nigeria Smart Beacons Market by Connectivity
12.5.2.6.3 Nigeria Smart Beacons Market by Offering
12.5.2.6.4 Nigeria Smart Beacons Market by End User
12.5.2.7 South Africa
12.5.2.7.1 South Africa Smart Beacons Market by Standard Type
12.5.2.7.2 South Africa Smart Beacons Market by Connectivity
12.5.2.7.3 South Africa Smart Beacons Market by Offering
12.5.2.7.4 South Africa Smart Beacons Market by End User
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Smart Beacons Market by Standard Type
12.5.2.8.2 Rest of Africa Smart Beacons Market by Connectivity
12.5.2.8.3 Rest of Africa Smart Beacons Market by Offering
12.5.2.8.4 Rest of Africa Smart Beacons Market by End User
12.6. Latin America
12.6.1 Latin America Smart Beacons Market by country
12.6.2 Latin America Smart Beacons Market by Standard Type
12.6.3 Latin America Smart Beacons Market by Connectivity
12.6.4 Latin America Smart Beacons Market by Offering
12.6.5 Latin America Smart Beacons Market by End User
12.6.6 Brazil
12.6.6.1 Brazil Smart Beacons Market by Standard Type
12.6.6.2 Brazil Smart Beacons Market by Connectivity
12.6.6.3 Brazil Smart Beacons Market by Offering
12.6.6.4 Brazil Smart Beacons Market by End User
12.6.7 Argentina
12.6.7.1 Argentina Smart Beacons Market by Standard Type
12.6.7.2 Argentina Smart Beacons Market by Connectivity
12.6.7.3 Argentina Smart Beacons Market by Offering
12.6.7.4 Argentina Smart Beacons Market by End User
12.6.8 Colombia
12.6.8.1 Colombia Smart Beacons Market by Standard Type
12.6.8.2 Colombia Smart Beacons Market by Connectivity
12.6.8.3 Colombia Smart Beacons Market by Offering
12.6.8.4 Colombia Smart Beacons Market by End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Smart Beacons Market by Standard Type
12.6.9.2 Rest of Latin America Smart Beacons Market by Connectivity
12.6.9.3 Rest of Latin America Smart Beacons Market by Offering
12.6.9.4 Rest of Latin America Smart Beacons Market by End User
13 Company Profile
13.1 Estimate, Inc. (US)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 io (Poland)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Cisco Systems Inc. (US)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Aruba-Hewlett Packard Enterprise Company (US)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Bluvision-HID Global Company (US)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Leantegra Inc. (US)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Gimbal, Inc. (US)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Bluvision-HID Global Company (US)
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Accent Advanced Systems, Sensor Co., Ltd (US)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 SLU (Spain)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Swirl Networks (US)
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The PCIe Switches Market Size was valued at USD 5.24 billion in 2023 and is expected to reach USD 15.49 billion by 2031, and grow at a CAGR of 14.5% over the forecast period 2024-2031.
The Barcode Label Printer Market Size was valued at USD 2.73 billion in 2023 and is expected to reach USD 4.12 billion by 2031 and grow at a CAGR of 5.3% over the forecast period 2024-2031.
The Contraband Detectors Market Size was valued at USD 4.50 billion in 2023 and is expected to reach USD 8.03 billion by 2031 and grow at a CAGR of 7.5% over the forecast period 2024-2031.
The IO-Link Market size was valued at USD 13.5 billion in 2022 and is expected to grow to USD 58.43 billion by 2030 and grow at a CAGR of 20.1 % over the forecast period of 2023-2030.
The Infrared Detector Market Size will be valued at USD 832 million by 2030, and it was valued at USD 480 million in 2022, and grow at a CAGR of 7.1% over the forecast period 2023-2030.
Biosensors Market size was valued at USD 28.90 billion in 2022 and is expected to expand at a CAGR of 7.9% from 2023 to 2030 and it will reach USD 52.93 billion in 2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
