Wearable Technology Market to 2025 – Global Analysis

1. The global Wearable Technology market is expected to grow from US$ US$ 31.14 Bn in 2016 to US$ 170.91 Bn by 2025 at a CAGR of 20.8% between 2016 and 2025. Fitness bands and smart watches have emerged as one the prime revenue sources and has experienced a high adoption rate, highly growing demographics across the regions and increasing awareness among end users about the potential benefits of wearable technology is expected to accelerate the wearable technology market in the coming years. High growth of Internet of Things (IoT) and increasing end user’s preference towards handy gadgets, smart mobiles and devices are some of the prime factors that are driving the global wearable technology market. Limited battery life, high prices of wearable and rising data privacy concerns are few factors that may hindering the growth of global wearable technology market. In the last few years’ global wearable technology devices have experienced a significant growth in its acceptance across different verticals like health and fitness, medical, media and entertainment, fashion and lifestyle and others to name a few. Wearable technology has also evolved tremendously in the last few years and companies are aggressively launching innovative products and solutions like smart clothing, smart glasses attracting mass adoption among individuals and enterprises. The South America wearable technology market region is expected to witness a CAGR growth rate of 20.7% in the coming years. In the present time, the growth in the wearable technology market is highly driven by the increasing level of penetration of mobile devices, tablets, smartphones and devices used for Machine-to-Machine communications, evolving business models and emerging software ecosystems. Nearly all conventional wearable devices now are paired with smartphones, which have become the integral part of our day-to-day life. Wearable devices like smart watches synced with smartphones are helping end-users to check and attend calls and message without taking out the smartphones. Get Sample Copy of this Report at: https://www.theinsightpartners.com/sample/TIPTE100000104/ Leading Wearable Technology Market Players: Google Inc. Nichia Apple Inc. Nike Ltd. Microsoft Cooperation Xiaomi Inc. Adidas Groups Sony Cooperation Zephyr Technology Suunto Oy Medtronic Garmin International Inc. Eurotech S.p.A. tbit Inc.

2. Cerora Inc. CuteCircuit Ltd. Mio Global Epson America Inc. The usage and application of wearable technology is gradually moving beyond fitness tracking and health monitoring, wearable technology is finding increasing acceptance in retail for improving purchasing process, media and entertainment specially the increasing usage of augmented and virtual reality headsets for enhanced end user experiences;, child care, fashion clothing and accessories and industrial and manufacturing sectors for improving work efficiency, effectiveness and processes. Wearable devices collect high volume of different types of data on a daily basis, the huge volume of collected data provides enormous opportunity for companies for its analysis for prediction and gaining further insights. Thus, the growing scope of application of wearable devices especially among commercial applications is expected to provide numerous profitable opportunities for the market players in the coming years. In the global wearable technology market for smart watches, Smart watch is a wearable device with a touchscreen and provides various facilities to the wearer and is to be worn like a wristwatch. It offers functions of the smartphone on the user’s wrist by pairing the device with a smartphone or tablet and provide features such as connecting to internet, making calls, checking caller ID, and providing fitness monitoring abilities, running mobile apps, messaging, GPS and many other. These watches are usually designed to work with cellular phone platforms namely Android and iOS. Today, smart watches can be paired with several devices such as media players, televisions, laptops, headsets, POS devices and other devices which has NFC and Bluetooth capabilities. Also, many fitness tracking applications are also available in the market for smart watches and due to potential replacement of traditional watches and features similar to smartphones, the global market for smart watch is gaining importance. Apple Inc. and Samsung are few of the leaders in the global smart watch market. Thus, the smart watches for wearable technology market is projected to provide numerous lucrative business opportunities for the market players in the forecast period. Also, key Wearable Technology Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Reason to Buy - Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Wearable Technology Market - Highlights key business priorities in order to assist companies to realign their business strategies. - The key findings and recommendations highlight crucial progressive industry trends in the Wearable Technology Market, thereby allowing players to develop effective long term strategies. - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

3. - Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it. - Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals. About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense. Contact Us: The Insight partners, Phone: +1-646-491-9876 Email: sales@theinsightpartners.com Website: https://www.theinsightpartners.com/