IoT a Boon for Wearable Computing Devices Market

Published Date : Jul 30, 2018

ALBANY, New York, July 30, 2018The tendency of humanity leverage technology to be more informed and multi-task had led to the advent of personal computers. Laptops and then tablets followed as they were portable. Smartphones are now more ubiquitous than shoes and yet, the zest of humanity for information multitasking has not reached its limit, as wearable computing devices are now being developed. Conceptually, these body borne computers are small computing devices or electronic gadgets that can be worn under, over, or with clothing. And with increased disposable income and strong adoption of new technologies among the developed countries, the market for wearable computing devices is slow and steadily gaining traction.

According to a recent business intelligence study published by Transparency Market Research (TMR), the demand in the global wearable computing devices market will increment at a highly profitable CAGR during the forecast period of 2017 to 2025. The report is titled “Wearable Computing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” and aspires to serve as a decision-making tool for its targeted audiences such as technology developers, electronic device manufacturers, and capital investors.

Increasing adoption of smartwatches and wristbands in the consumer market, increasing popularity of wearable health and medical devices, growing possibilities with the Internet of Things (IoT), and rising focus on communication, networking, and recognition technologies are some of the key factors driving the global wearable computing devices market. On the other hand, high cost is the primary restraint that is restraining the market from catering to a larger mass of consumers.

The logic pertaining to the compilation of this wearable computing devices market report was to showcase its futuristic potential in terms of profits as well as highlight those segments that are primed to produce greater demand than the rest. Embarking with a crisp executive summary that introduces the market in its current scenario, the analyst of the report has dived into providing in-depth reports of all factors that will stroke or resist the progress of the market.

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Market Segments and Geographical Demand Potential Examined

Once the drivers, restraints, opportunities, and trends are understood for their possible implications, the report indulges into providing figurative assessment of all segments. This exhaustive chapter is followed by the examination of demand potential of all important regions and countries across the globe, including Europe, North America, and Asia Pacific. Geographical assessment has been included with the aim to notify regional players regarding which territories to expand into. Finally, the report concludes with a key chapter on the competitive landscape of the wearable computing devices market. Herein, some of the leading companies have been profiled for their geographical presence, product and technology portfolio, and recent strategic decisions including mergers and acquisitions, collaborations, and alliances.

Adidas AG, Apple Inc., LG Electronics, Inc., Fitbit Inc., Nike, Inc., Samsung Electronics Co., Ltd, Zephyr Technology Corporation, Pebble Technology Corporation, and Sony Corporation are some of the pioneering companies harnessing the concept of wearable computing devices.

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