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Beacons: Beacons are small, low-cost wireless transmitters that deliver signals to nearby compatible smart devices using low-energy Bluetooth technology. The technology has been around for a few years and is rapidly growing into numerous verticals, including retail and healthcare. The conveyance of signals via beacon technology is based on making use of physical position and proximity. Furthermore, the market is likely to be driven by increasing smartphone adoption and the rising need for location-based marketing solutions through 2024. Market Analysis: The global smart beacon market is expected to increase by US$39.2 billion by 2022, with a compounded annual growth rate of 53.5 percent. One of the sectors evaluated and assessed in this report, iBeacon, has a growth potential of over 48.7%. Because of the shifting forces that underpin this expansion, enterprises in this sector need to stay on top of the market's pulse. By 2025, iBeacon is expected to generate over $16.1 billion in