Spain beacon technology market is anticipated to grow at a significant growth rate during the forecast period. Increasing implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a pivotal role in the market growth in the region. Moreover, increasing focus on the smart city projects is also leading to an increased demand for products based on beacon technology; thereby, augmenting the market growth.

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Spain has a national plan for intelligent cities, promoted by the Ministry of Industry, Energy, and Tourism. The plan invests $170 million in smart cities development, coordinated efforts between cities, improve communication and offers recommendations for short- and long-term development in all smart city sub-sectors. In Spain, more than 80% of the population resides in urban areas, which is further expected to grow in the near future. Along with UK and Italy, Spain has the largest number of smart cities in the European Union. About 30% of all the smart city initiatives are focused on mobility, and 20% on sustainability, with 10% of improving cities implementing multidimensional plans to address all aspects of society and living.

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Spain beacon technology market is segmented on the basis of beacon protocol, location technology, and application. On the basis of the beacon protocol, the market is segmented into iBeacon, Eddystone, AltBeacon, and others. Based on the location technology, the market is classified into BLE, Wi-Fi, Ultrasound, and Others. On the basis of application, the market is classified into retail, healthcare, BFSI, logistics and warehouses, and others. Retail sector is estimated to dominate the market over the forecast period. As online shopping is dominating retail shopping, indoor location-based analytics is one fine way used by the brick-and-mortar retailers to encourage the foot traffic. The retailers are realizing the benefits of location-based analytics services and increasingly deploying it at their stores. Thereby, augmenting the segmental business growth.

Spain Beacon Technology Market Segmentation

By Beacon Protocol

• iBeacon
• Eddystone
• AltBeacon
• Others (GeoBeacon)

By Location Technology

• Bluetooth Low Energy (BLE)
• Wi-Fi
• Ultrasound
• Others (Combined Technology)

By Application

• Retail
• Healthcare
• BFSI
• Logistics and Warehouses
• Others (Travel, Tourism & Hospitality)

Company Profiles

• Accent Advanced Systems, SLU
• Apple Inc.
• BlueCats
• Cisco Systems, Inc.
• Estimote, Inc.
• GeLo, Inc.
• Glimworm Beacons
• Google LLC
• Hewlett Packard Enterprise Development LP (Aruba Networks, Inc.)
• Kontakt.io
• Leantegra Inc.
• Osram Licht AG
• Qualcomm Inc.
• Sensorberg GmbH
• Sensoro Co., Ltd.
• Signal 360, Inc.

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