Smartwatches Market

Category: Entertainment

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Smartwatches Market: Soars High with Wings of Innovation Transparency Market Research has recently published a new research report that discusses the global smartwatches market. According to the research report titled “Smartwatches Market – Global Industry Analysis Size Share Growth Trends and Forecast 2014 – 2020” the global smartwatches market is expected to experience robust growth in the coming years due to several reasons. The research report also points out the strengths weaknesses opportunities and threats faced by the global smartwatches market. The report also clarifies the doubts pertaining to the threats to players in the global smartwatches market and the intensity of the competitive rivalry. PDF Brochure For Future Advancements: According to the research report the global smartwatches market was valued at US701.2 mn in 2013 and is expected to expand at a CAGR of 53.60 from 2014 to 2020. As the perception of smartwatches is changing from being just an expensive accessory to a fitness and time tracker more and more users are looking to buy these devices for health reasons. The global smartwatches market is segmented on the basis of price range operating system and geography. As per the price range these smartwatches are segmented into high-end smartwatches mid-end smartwatches and low-end smartwatches. On the basis of operating system smartwatches are divided into Android Wear iOS and others. Geographically the global smartwatches market is segmented into North America Asia Pacific Latin America the Middle East and Africa and Europe. Get Sample PDF at: Back in 2013 the mid-end smartwatches segment dominated the overall market with a share of 44. However as the understanding and usage of these watches is undergoing a revolution consumers across the world are likely to invest in high-end smartwatches in the coming years thus spurring the growth of the segment in the forecast period. Amongst the operating systems iOS smartwatches were a clear hit in 2014. Android trailed this segment closely in the same year. However analysts predict thatwith Android Wear OS launched by Google Inc. the segment of smartwatches based on Android Wear OS is likely to accelerate at a CAGR of 57.90 from 2014 to 2020. The research report suggests that North America leads the global smartwatches market due to the huge pool of tech-savvy and health-conscious users in the region.

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