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Smart Beacon Market Size Expected to Reach $9.7 Billion by 2026 Moreover, the Rising Demands for Digitalization and Adoption of Smart Devices for Activities Such as Tracking and Identifying Are Boosting the Market Growth.
Smart Beacon Market
BriefingWire.com, 4/20/2021 - Smart Beacon Market size is expected to reach $9.7 billion by 2026, and estimated to grow at a CAGR of 42.1% during the forecast period 2021-2026. The market is estimated to witness substantial growth over the forecast period primarily due to rising demand for digitalization and adaption of smart devices such as smartphones and tablets. Smart beacon detects the locations of devices and perform tracking. For instance when smart device is in beaconâs range, it automatically detects physical location of that device and start tracking it. Business intelligence is other factor boosting the smart beacon market, owing to its advanced technology such as real time tracking is increas