Beacon Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the global Beacon Market size is predicted to reach USD 49.31 billion with a CAGR of 38.6% by 2030. 

Beacon is a small, battery-powered, electronic device that runs on Wi-Fi, low energy Bluetooth, ultrasound, or hybrid technologies.

The major factors driving the global beacon technology market growth are, upsurge in location-based services, improved efficacy of targeted marketing, hybridization of advanced communication technologies, as well as commencement of smart city projects.

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