The Smart Beacons Market was valued at USD 6.97 billion in 2023 and is expected to reach USD 71.77 billion by 2032, growing at a CAGR of 29.61% over the forecast period 2024-2032.
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The smart beacon market has been experiencing rapid growth due to the rising demand for location-based services among different industries. Smart beacons have been adopted also, mainly by retail, to provide consumers with targeted promotions and easier guided navigation. Such beacons provide businesses with the ability to experience a real-time analysis of consumer behavior with data-driven insights that further enhance operational efficiency. Moreover, the evolution of IoT and the increasing number of connected devices have paved the path to a less expensive and quicker implementation of beacons in an ever-growing number of industries, including transportation, healthcare, and hospitality. By 2030, beacon proximity marketing will likely capture over 40% of deployments in retail. Average beacon battery life has been extended to 5 years making a more permanent deployment realistic. Proximity campaigns led to a 15% customer engagement increase and an 8% higher conversion rate for retail stores, while the use of smart beacons for asset tracking and patient management in healthcare grew 18% annually. The deployment costs have also decreased in the last few years by 25%, making it upwards scalable for most small and medium-sized enterprises (SMEs).
Advancements in BLE technology are yet another key factor fueling the growth of this market. BLE beacons are low cost, low energy, and compatible with the majority of phones, and thus often chosen for indoor navigation and asset tracking. In addition, the rapid pace of digital transformation in all industries and the growing focus on smart city initiatives are facilitating the adoption of smart beacons for applications such as public safety and traffic management. The need for wise beacon technologies is likely to increase, as organizations look for solutions for successful engagement and operational sufficiency. BLE technology is ideal for smart city deployment, which will exceed 35% of all smart city demand from smart lighting, traffic management, and asset tracking. The market for BLE-powered asset tracking systems in healthcare and retail has been predicted to continue generating over USD 3 billion before 2027. Moreover, BLE technology can also lower operational costs by 25% through better asset management, and 13% per year with predictive maintenance. BLE is estimated to help reduce the costs associated with traffic for smart cities by 15% through improved parking management.
KEY DRIVERS:
Hyper-Personalization through Smart Beacons Boosting Customer Loyalty and Sales in Retail and Hospitality
Hyper personalization is turning the tables for companies on how they engage with their consumers and the smart beacons enable this hyper personalization. Beacons allow companies to enforce data collection at a granular level for customer preferences and interactions. Through the combined use of beacon data, advanced analytics, and AI, businesses can provide personalized offers, recommendations, and notifications. In the retail and hospitality business, this technology has a significant effect on customer loyalty, which is usually greater due to the personalized experiences. For example, if a customer walks into a store or approaches a certain aisle, a smart beacon can push a discount alert and make supermarket shopping seamless. With expectations for personalized interactions on the rise, smart beacons are no longer a luxury, but rather a necessity for companies to stay ahead of their competition in the market. 90% of retailers will boost AI-driven personalization investment. That technology increases customer loyalty since 70% of consumers are more likely to become loyal to brands providing personalized experiences. 75% of shoppers are more likely to buy with customized offers. Sales from stores that make use of smart beacons for in-store promotions will grow by a 23% increment by 2027, compared to stores without beacons.
Smart Beacons Revolutionizing Safety and Security Enhancing Efficiency and Compliance in Various Industries
The growing deployment of smart beacons in safety and security applications is another major driver. Used in contexts like healthcare, factory plants, and even public transport, staff, assets, and visitors are tracked in real-time for regulated safety compliance. Beacon-enabled systems offer accurate indoor navigation, directing individuals to exits or safe zones in the case of an emergency like a fire or evacuation It has also been used by organizations to prevent unauthorized access to sensitive areas thus proving to be a cost-effective solution compared to traditional security systems. As industries place more emphasis on worker safety and regulatory compliance, these capabilities are becoming increasingly important. This trend accentuates the versatility and importance of smart beacons beyond mere consumer-centric applications. RTLS solutions help in lowering the asset search time by 30%, as well as an USD 1 million annual saving in hospitals through enhancing asset management process. Moreover, 80% of healthcare centers are adopting beacon techniques to track staff in real-time for faster safety reactions. Beacon technologies provide you with location accuracy of 0.1-0.5 meters and a battery that lasts for around 5 years, thus, also being a cost-effective solution. The beacons also increase response time by 20% for emergencies across manufacturing and construction.
RESTRAIN:
Privacy Concerns and Connectivity Challenges Limiting the Widespread Adoption of Smart Beacon Technology
The tracking and monitoring of consumer behavior using smart beacons calls into serious question privacy. Beacons can gather sensitive location-based and behavioral information. If this data is not protected, it can be misutilised, or accessed iteratively due to a lack of data protection which also may lead to a breach of consumer trust. Laws like GDPR in the EU require a lot of extra work around collecting data and where it is stored and can be hard for a company to deal with. These privacy issues might prevent potential consumers together with businesses from embracing this technology of beacons. Signal interference and short-range connectivity restrict the effectiveness of smart beacons-induced beacons. Beacon signals vary due to physical obstructions e.g. walls, electronic devices, or environmental factors which affect the accuracy of location tracking. Furthermore, the reliance on user devices having Bluetooth enabled and location services turned on makes it less useful. This can make them difficult to deploy at scale, or in more complicated situations.
BY STANDARD TYPE
iBeacon had the largest share of the smart beacon market in 2023 with a 54.7% share. Its early introduction by Apple paved the way for its wide adoption in many different industries, leading to this dominance. The widespread use of iBeacon on Apple devices, along with its incorporation into common platforms including retail, hospitality, and advertising, helped it take the lead. In addition, it has been the de facto beacon standard owing to its proximity marketing and notifications capabilities for retail applications with consumers.
Eddystone is likely to face the fastest growth from 2024 to 2032, owing to its open-source versatility. Created by Google, Eddystone is used for proximity marketing, but it also has advanced features such as URL broadcasting and geolocation. Its flexibility enables its use in many devices and platforms including Android, IoT, and non-Apple. That opens the door for more industries and use cases. Also, for many enterprises seeking more flexible and low-cost solutions, it is also compelling due to the work of Eddystone compatibility with BLE and others. Eddystone is geared for a massive spike in adoption as the industry progresses rapidly toward multi-platform functionality and flexibility.
BY CONNECTIVITY TYPE
In 2023, Bluetooth Low Energy (BLE) accounted for 62.6% of the global smart beacon market due to its power efficiency, low energy consumption, and Bluetooth compatibility (extensively available on smartphones, tablets, and various other IoT systems). The proliferation of Bluetooth low energy is almost exclusively due to its power-friendly way of being virtually known when maintaining a long battery life, which is vital in connected-object applications such as location tracking, asset management, and proximity marketing. In addition, due to BLE's incorporation in platforms like Apple's iOS and Google's Android, it is an easily accessible and cost-effective option, keeping retail, healthcare, and logistics industries continuing to be the main growth regions in the beacon market.
The hybrid connectivity segment is expected to grow at the highest CAGR between 2024 and 2032. This is because it can leverage the advantages of various technologies like BLE and Wi-Fi for better scale and flexibility in complicated situations. Where the BLE Signal quality is poor or there are multiple devices to be connected over a longer range, hybrid solutions can provide better communication. Hybrid beacons, required across a multitude of use cases smart cities, peek vast array of retail networks, and industrial IoT applications are finding a higher acceptance amongst industries. This functionality is what allows hybrid beacons to fit into such a wide variety of applications in both consumer and enterprise settings, which is a big reason behind the rapid growth of this type of beacon.
BY OFFERING
The hardware segment accounted for the largest market share of 57.4% in 2023 owing to its fundamental role in the beacon technology. Beacon device deployments provided real-time location services, asset tracking, and proximity marketing, which initially fueled market growth. The physical beacon transmitters, which fall under the hardware solutions umbrella, are still crucial to be made and purchased, especially in retail, healthcare, and logistics. These sectors are very much dependent on the hardware needed to execute location-based applications and tracking of goods, workers, and patrons. The increasing consumption of these hardware-based solutions remains one of the major factors contributing to the high share of the market in 2023.
The services segment is predicted to grow at the fastest CAGR from 2024 to 2032, owing to the increasing demand for comprehensive solutions and assistance in beacon deployment. Once a business launches the initial stages of its beacon strategy, it needs services related to installation, maintenance analytics, and cloud-based platforms to manage its beacon networks at scale. More innovative smart city projects, smart retail environments, and higher levels of IoT integrations naturally mean more complexity and complication, creating a need for services that ease optimized beacon performance and management of data. Moreover, with the increasing adoption amongst enterprises for tailored solutions to accommodate unique business requirements based on location-based marketing, analytical insights, and real-time tracking solutions, the demand for such services is fueling the growth of the global in-building solutions market.
BY END USE
The retail sector led the smart beacon market in 2023, accounting for a 38.7% share, driven mainly due to the high adoption rate of proximity marketing and in-store navigation. Beacons are used by retailers to make the customer experience better by sending relevant offers, promotions, and recommendations based on the customer's place in the store. It has resulted in more footfalls, greater engagement, and improved customer loyalty. Beacons not only use but also give away great data regarding consumer behavior, allowing businesses to modify strategies for marketing and inventory. Despite lower growth in this area, the reliance of the retail sector on location-based services drives beacon adoption forward with beaconing retaining the highest segment.
Healthcare is projected to have the highest CAGR throughout the forecast over the forecast period (2024 – 2032). The rising adoption of pacemaker doctors for patient tracking, asset management, and staff management in hospitals and healthcare facilities has been responsible for this growth. Beacons are also used to track the location of vital medical devices, patient & staff movement, location compliance, and safety. Moreover, they assist in providing real-time directions on large healthcare campuses, which ultimately enhances patient flow and expedites emergency services. The growing adoption of IoT technologies by healthcare facilities and the associated push for improving operational efficiency in healthcare will drive a considerably rising demand for smart beacons across this sector.
In 2023, North America represented 35.1% of the smart beacon market share mainly due to the calmness of the technology-based infrastructure, a higher number of adaptive businesses utilizing IoT technologies, and significant investments by the retail, healthcare, and logistics sectors. North America especially the US has been leading in integrating beacon technology in retail to do proximity marketing and consumer engagement. Walmart and Target are examples of companies that use smart beacons in their stores to improve the shopping experience by delivering location-based discounts and promotions to customers' smartphones. Moreover, smart beacons are being widely used by healthcare facilities in the US for asset tracking & patient management. Healthcare institutions such as the Mayo Clinic, Cleveland Clinic, etc. are using this technology to optimize operational efficiencies.
Asia Pacific is projected to have the highest CAGR from 2024 to 2032. The strong growth is driven by fast urbanization, rising smartphone penetration, and the wider use of IoT technologies in emerging markets. During the forecast period, the smart beacon technology penetration in China, India, and Japan is widespread in the retail, transportation, and healthcare industries. In China, for instance, Alibaba and JD. walk.com is incorporating beacons into their stores to provide the best experience for customers and also help in tracking the inventory level in the background itself. Some of the airports in India such as Delhi International Airport are using Beacons for real-time navigation and to simplify the passenger flow. In Japan as well, smart beacons are employed in healthcare to track medical equipment in hospitals.
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Some of the major players in the Smart Beacons Market are:
Estimote (Beacon Proximity SDK, Estimote Stickers)
Aruba Networks (Hewlett Packard Enterprise) (Beacons, Meridian)
Kontakt.io (Beacon Proximity, Smart Tags)
Cisco (Cisco Meraki, Cisco IoT Solutions)
Bluvision (Bluvision Beacons, Enterprise IoT)
Onyx Beacon (Bluetooth Beacons, Beacon Developer Kits)
Leantegra (Smart Beacons, Location-Based Analytics)
Gimbal (Gimbal Beacon, Gimbal Location Services)
Accent Systems (Bluetooth Beacons, Beacon Modules)
Swirl Networks (Swirl Beacons, Proximity Marketing Solutions)
Sensoro (Sensoro Beacons, Beacon Management Platform)
Jaalee Technology (iBeacons, Beacon Gateways)
Beaconinside (Indoor Navigation System, Analytics Platform)
Blesh (iBeacons, Beacon Software Solutions)
Blueup (Beacons, Software for IoT Solutions)
HID Global (HID Location Beacons, Mobile Access Beacons)
Fujitsu Components Asia Pte Ltd (Beacon Systems, IoT Sensors)
Qualcomm (Qualcomm QCA4020, Smart Connectivity Beacons)
BlueCats (BlueCats Beacons, BlueCats Manager)
Mujin (Mujin Proximity Beacons, Beacon Systems for Logistics)
Some of the Raw Material Suppliers for Smart Beacons Companies:
Texas Instruments
Broadcom Inc.
NXP Semiconductors
STMicroelectronics
Qualcomm Technologies
Nordic Semiconductor
Rohm Semiconductor
Infineon Technologies
Analog Devices
Microchip Technology
Cisco Systems Inc. (US)-Company Financial Analysis
In November 2023, Kontakt.io launched the Asset Tag 2 Mini, a BLE tag for precise asset tracking with room-level accuracy and long battery life, designed for industries like healthcare and logistics.
In January 2024, BlueUp revamped the Beacon Maxi with iBeacon and Eddystone support, customizable TX power, and enhanced setup options via the BlueBeacon Manager App for efficient asset tracking.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 6.97 Billion |
| Market Size by 2032 | USD 71.77 Billion |
| CAGR | CAGR of 29.61% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 Type (Bluetooth Low Energy (BLE), WIFI, Hybrid) • By Offering (Hardware, Software, Service) • By End Use (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 | Estimote, Aruba Networks (Hewlett Packard Enterprise), Kontakt.io, Cisco, Bluvision, Onyx Beacon, Leantegra, Gimbal, Accent Systems, Swirl Networks, Sensoro, Jaalee Technology, Beaconinside, Blesh, Blueup, HID Global, Fujitsu Components Asia Pte Ltd, Qualcomm, BlueCats, Mujin |
| Key Drivers | • Hyper-Personalization through Smart Beacons Boosting Customer Loyalty and Sales in Retail and Hospitality • Smart Beacons Revolutionizing Safety and Security Enhancing Efficiency and Compliance in Various Industries |
| RESTRAINTS | • Privacy Concerns and Connectivity Challenges Limiting the Widespread Adoption of Smart Beacon Technology |
Ans: North America dominated the Smart Beacons Market in 2023.
Ans: The Bluetooth Low Energy (BLE) segment dominated the Smart Beacons Market in 2023.
Ans: The major growth factor for the Smart Beacons Market is the increasing adoption of proximity-based marketing and location-based services across industries like retail, healthcare, and logistics.
Ans: Smart Beacons Market size was USD 6.97 billion in 2023 and is expected to Reach USD 71.77 billion by 2032.
Ans: The Smart Beacons Market is expected to grow at a CAGR of 29.61% during 2024-2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Smart Beacons Consumer Interaction Metrics (2023)
5.2 Smart Beacons Regulatory Compliance and Certification Trends (2023)
5.3 Smart Beacons Technology and Innovation Metrics
5.4 Smart Beacons Device Performance Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Smart Beacons Market Segmentation, By Standard Type
7.1 Chapter Overview
7.2 iBeacon
7.2.1 iBeacon Market Trends Analysis (2020-2032)
7.2.2 iBeacon Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Eddystone
7.3.1 Eddystone Market Trends Analysis (2020-2032)
7.3.2 Eddystone Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Others
7.4.1 Others Market Trends Analysis (2020-2032)
7.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Smart Beacons Market Segmentation, By Connectivity Type
8.1 Chapter Overview
8.2 Bluetooth Low Energy (BLE)
8.2.1 Bluetooth Low Energy (BLE) Market Trends Analysis (2020-2032)
8.2.2 Bluetooth Low Energy (BLE) Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 WIFI
8.3.1 WIFI Market Trends Analysis (2020-2032)
8.3.2 WIFI Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Hybrid
8.4.1 Hybrid Market Trends Analysis (2020-2032)
8.4.2 Hybrid Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Smart Beacons Market Segmentation, By Offering
9.1 Chapter Overview
9.2 Hardware
9.2.1 Hardware Market Trends Analysis (2020-2032)
9.2.2 Hardware Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Software
9.3.1 Software Market Trends Analysis (2020-2032)
9.3.2 Software Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Service
9.4.1 Service Market Trends Analysis (2020-2032)
9.4.2 Service Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Smart Beacons Market Segmentation, By End Use
10.1 Chapter Overview
10.2 Retail
10.2.1 Retail Market Trends Analysis (2020-2032)
10.2.2 Retail Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Hospitality
10.3.1 Hospitality Market Trends Analysis (2020-2032)
10.3.2 Hospitality Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 Transportation & Logistics
10.4.1 Transportation & Logistics Market Trends Analysis (2020-2032)
10.4.2 Transportation & Logistics Market Size Estimates and Forecasts to 2032 (USD Billion)
10.5 Healthcare
10.5.1 Healthcare Market Trends Analysis (2020-2032)
10.5.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
10.6 BFSI
10.6.1 BFSI Market Trends Analysis (2020-2032)
10.6.2 BFSI Market Size Estimates and Forecasts to 2032 (USD Billion)
10.7 Education
10.7.1 Education Market Trends Analysis (2020-2032)
10.7.2 Education Market Size Estimates and Forecasts to 2032 (USD Billion)
10.8 Others
10.8.1 Others Market Trends Analysis (2020-2032)
10.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.2.4 North America Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.2.5 North America Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.6 North America Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.2.7.2 USA Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.2.7.3 USA Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.7.4 USA Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.2.8.2 Canada Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.2.8.3 Canada Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.8.4 Canada Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.2.9.2 Mexico Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.2.9.3 Mexico Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.2.9.4 Mexico Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.1.7.2 Poland Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.1.7.3 Poland Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.7.4 Poland Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.1.8.2 Romania Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.1.8.3 Romania Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.8.4 Romania Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.1.10 turkey
11.3.1.10.1 Turkey Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.4 Western Europe Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.5 Western Europe Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.6 Western Europe Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.7.2 Germany Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.7.3 Germany Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.7.4 Germany Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.8.2 France Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.8.3 France Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.8.4 France Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.9.2 UK Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.9.3 UK Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.9.4 UK Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.10.2 Italy Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.10.3 Italy Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.10.4 Italy Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.11.2 Spain Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.11.3 Spain Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.11.4 Spain Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.14.2 Austria Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.14.3 Austria Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.14.4 Austria Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.4 Asia Pacific Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.5 Asia Pacific Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.6 Asia Pacific Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.7.2 China Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.7.3 China Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.7.4 China Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.8.2 India Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.8.3 India Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.8.4 India Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.9.2 Japan Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.9.3 Japan Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.9.4 Japan Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.10.2 South Korea Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.10.3 South Korea Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.10.4 South Korea Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.11.2 Vietnam Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.11.3 Vietnam Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.11.4 Vietnam Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.12.2 Singapore Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.12.3 Singapore Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.12.4 Singapore Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.13.2 Australia Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.13.3 Australia Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.13.4 Australia Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.1.4 Middle East Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.1.5 Middle East Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.6 Middle East Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.1.7.2 UAE Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.1.7.3 UAE Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.7.4 UAE Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.2.4 Africa Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.2.5 Africa Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.6 Africa Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Smart Beacons Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.6.4 Latin America Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.6.5 Latin America Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.6 Latin America Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.6.7.2 Brazil Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.6.7.3 Brazil Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.7.4 Brazil Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.6.8.2 Argentina Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.6.8.3 Argentina Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.8.4 Argentina Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.6.9.2 Colombia Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.6.9.3 Colombia Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.9.4 Colombia Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Smart Beacons Market Estimates and Forecasts, By Standard Type (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Smart Beacons Market Estimates and Forecasts, By Connectivity Type (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Smart Beacons Market Estimates and Forecasts, By Offering (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Smart Beacons Market Estimates and Forecasts, By End Use (2020-2032) (USD Billion)
12. Company Profiles
12.1 Estimote
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Aruba Networks (Hewlett Packard Enterprise)
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Kontakt.io
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Cisco
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Bluvision
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Onyx Beacon
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Leantegra
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Gimbal
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Accent Systems
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Swirl Networks
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. 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.
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