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Smartwatch is a portable wearable device that is used to track various activities such as steps covered in a day, calories burnt, heart rate, and others.
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Opportunity Analysis and Industry Forecast, 2016-2023 Smartwatch Market Global Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2018 - 2025
SMARTWATCH MARKET According to a recent report published by Allied Market Research, titled, “Smartwatch Market by Product, Application, and Operating System: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global smartwatch market was valued at $9,264.9 million in 2017 and is projected to reach at $31,070.6 million by 2025, growing at a CAGR of 16.2%from 2018 to 2025. Smartwatch is a portable intelligent watch that is designed to be worn on wrist and can be connected to various mobile phone devices. The various operating systems such as iOS, android, Tizen, and others, based smartwatch are available in the market. The standalone segment accounts for the highest market share in the global smartwatch market due to various features such as wireless operations and sim card acceptance & can be used as mobile phone, and others. Growth in demand for wireless fitness & sports devices, increase in health awareness among the consumer, and entrance of large number of players, drive the growth of the market. Healthcare segment is expected to exhibit a faster growth, with a CAGR of 17.9% during the forecast period, owing to increase in health-related concerns
SMARTWATCH MARKET • Key Benefits for Global Smartwatch Market: • This study presents an analytical depiction of the global smartwatch industry along with the current trends and future estimations to depict the imminent investment pockets. • The overall smartwatch market potential is determined to understand the lucrative trends to gain a stronger foothold in the industry. • The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the smartwatch market. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
SMARTWATCH MARKET Smartwatch is available in various operating systems that include watchOS, Android, TOS, Tizen, and others. WatchOS is the highest contributor, owing to huge penetration of Apple iPhone in the market. At present, among these categories, about 44% of the market revenue is garnered by smartwatch with watchOS. Download Free Sample Copy of Smartwatch Market The major players operating in the Smartwatch market are Apple Inc., Google Inc., Garmin, Fitbit, Motorola, Sony Corporation, Samsung Electronics, LG Electronics, and Huawei Technologies Co. Ltd. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
SMARTWATCH MARKET With rapid rise in the internet connectivity and digitalization, the demand for wireless electronics is also increasing. In the today’s digital era, mobile apps are used for various purposes such as listening to music, playing games, and others. The smartwatch offers lots of apps, which can be customized as per our requirements. The smartwatch is one of highest revenue contributor in the wearable segment. The everyday fitness activities such as steps taken, calories burnt, distance travelled, and others, can be easily monitored and tracked using smartwatch. The smartwatch offers wireless connectivity, greater battery life, and other advanced features in addition to fitness trends/data that ultimately drive the smartwatch market growth.
SMARTWATCH MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On
