The global smart beacon market is estimated to be valued at $17,497.4 million by 2028 , surging from $2,332.0 million in 2020 , at a noteworthy CAGR of 29.6% . Covid-19 Impact on Smart Beacon Market COVID-19 pandemic had drastic effects and consequences globally that brought the world economy to halt and changed the way how several enterprises and companies operate. The imposition of lockdown in some regions of the world has caused several industries and enterprises to slow down or stop operating. Smart beacon industry sales were also impacted owing to closure of retail and manufacturing industry, the prime consumers of beacon technology. However, owing to digitalization and automation efforts undertaken by manufacturers and retailers, utility of smart beacon is likely to increase in the future. Also, healthcare industry is actively utilizing beacon tech to prevent and mitigate the spread of the virus. Number of groups are working on novel beacon-based applications to prevent
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