Global Smart Wearable Lifestyle Devices and Services Market Expanding Rapidly due to Acknowledgement of Health Benefits

Published Date : Oct 24, 2016

ALBANY, NY, Oct 24, 2016: The report, titled “Global Smart Wearable Lifestyle Devices and Services Market 2016–2020,” presents a detailed overview of the global market and forecasts a significant CAGR of 15.75% until 2020. 

The 75 pages research study covers the present scenario of the market for smart wearable lifestyle devices and services and predicts growth prospects for the future. The report begins with an executive summary of the global market for these highly useful devices and services and then overviews the offerings of the top vendors currently functioning in the market. The introductory section offers key highlights while the market landscape section details the overall size of the market for smart wearable lifestyle devices. To calculate the market size, this research report considers the revenue generated by telecommunication operators in the smart wearable devices and services market, globally. The Porter’s five forces reports model has also been deployed to present a thorough study.

According to this report, there is a clear increase in the global demand for these devices for the benefits they offer. Smart wearable lifestyle devices, such as sunglasses, watches, headphones, and GPS-based pet trackers, are portable devices fastened on a user’s body and provide measurable parameters related to their health and well-being. These wearable devices are gaining immense popularity because of the usability they offer and because they allow users to make more informed choices about their health. For instance, wearable lifestyle devices can be used to measure sleep quality and help in taking precautions accordingly. Smart spectacles can enable users to read a barcode of a product to gather additional information and make more informed choices.

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The report points out that the lack of data privacy and security are the most prominent restraint on the market for smart wearable lifestyle devices and services. The research study also explores the biggest challenges and trends in the market and forecasts the impact of all those factors.

The report segments the global smart wearable lifestyle devices and services market in terms of device, product, and geography. By category, the market is divided into luxury and general products while by product, it is divided into fitness and lifestyle devices, smart watches, and smart glasses. From a geographical standpoint, the market is segmented into North America, Western Europe, Asia Pacific, and Rest of the World.

Key vendors analyzed for their products in this report are: Adidas, Apple, Google, Fitbit, Sony, Garmin, Jawbone, Nike, and Samsung. This report on the global smart wearable lifestyle devices and services market also provides a detailed reports of some of the prominent vendors such as AT&T, EE, Sprint, and Telefonica based on their services. In order to present a discursive overview of the competitive landscape, the research study also analyzes some of the emerging vendors and other prominent vendors who are expected to make a mark for themselves in the market in the near future.

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