The Global Beacons Management Software Market size is expected to reach $3.5 billion by 2024, rising at a market growth of 18.1% CAGR during the forecast period

LONDON, June 27, 2018 /PRNewswire/ -- The Global Beacons Management Software Market size is expected to reach $3.5 billion by 2024, rising at a market growth of 18.1% CAGR during the forecast period.

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Beacon management software is vital for a corporation or commercial setup, having multiple beacons deployed. When numerous beacons are placed at a business space, it is difficult to manage these beacons. The beacon management software has the feature to analyze the battery status of several beacons located in numerous physical locations. Growing need for a platform to control and manage the mesh of deployed beacons across multiple physical locations, especially in commercial and industrial buildings, growth in adoption of proximity marketing strategies among retailers, increased penetration of IoT, and growing adoption of beacons across different industries are the factors that are driving the growth of the beacons management software market.
br />Based on Component, the market is segmented into Software and Services. Based on End User, the market is segmented into Non-Retail and Retail. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

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