Global Market Size of Smart Beacon Market – 10 Year Market Forecast

Semiconductor

Smart Beacon Market Size Forecast 2022-2029

During the forecast period, the Power Line Communication market is expected to grow at a CAGR of 18%, from USD 77.14 billion in 2022 to USD 247.86 billion in 2029. Cost-effective configuration, enabling broad reach by using the existing electricity distribution system, growing deployment of smart grids, and high penetration of broadband power line communication devices in indoor networking applications are expected to drive the PLC market. The major goals of smart grids are the integration of renewable energy sources into the electricity supply chain, the efficient use of existing electrical infrastructure, and the delivery of secure, reliable electricity.Smart Beacon

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies the ongoing trends within the market and updates the market information on a quarterly basis.
• What is Smart Beacon?

• A wireless transmitters that use low-energy Bluetooth technology to send signals to other smart devices nearby.
• What is Beacon used for?

• To connect and transmit information to smart devices.
• How do Ibeacons work?

• It uses Bluetooth low energy technology to transmit a unique ID that can be recognized by a mobile app or operating system on a smartphone.
• What is the cumulative market size of Smart Beacon market?

• USD 1294 billion is the cumulative market size of Smart Beacon market.

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