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Global smart watch Market in 2018: Rising Demand, Trends and Future Technology by 2024
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The increasing responsiveness pertaining to personal health and fitness is expected to drive the growth of the smart watch market due to the establishment of large numbers of health and fitness monitoring applications worldwide. Moreover, increasing number of smart watches enabled controlled automotive proficiencies is another factor that is driving the growth of smart watch market across the globe. Companies are excessively establishing systems that enable the users to unlock and lock the cars with the use of smart devices and also providing technology to start the car with the help of a remote.
Geographically, smart watch market in Asia-Pacific is expected to witness the highest growth during the forecast period due to the technological advancements and increasing demand for high-end wearable devices. North America hold the major share of the smart watch market and also anticipated to witness significant growth during the forecast period. The growth of smart watch market in this region is attributed towards massive adoption of IoT devices in this region along with advanced mobile technology.
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The key players in the smartwatch market include Alphabet Inc., Fitbit Inc., Lenovo Group Limited, Sony Corporation, Garmin Ltd., LG Electronics, Samsung Electronics Co. Ltd., ASUSTeK Computer Inc., TomTom International BV, and Apple Inc.
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