Press release
Smart Watch Market to Incur High Value Growth at 16.6% CAGR During 2017-2025
Long-term Overview
According to an exclusive study on global smart watch market by Persistence Market Research, the market is estimated to exhibit tremendous growth with 16.6% CAGR to reach above US$ 30,811 Mn by the end of forecast period (2017-2025). Continuous innovations in smart watches have led this market to achieve highest expansion.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/19378
Dynamics of Market
Smart watches allow one to integrate apps and extend usage of the mobile phone. Latest features in smart watch with android operating system include handwritten recognition, much easier way to reply to messages, Google assistance on the wrist and the apps can now run without the phone in reach. According to the report, the android wear smart watch segment is anticipated to increase at double-digit CAGR value over the assessment period. Whereas, the smart watches based on iOS platform will expand at steady growth rate and are anticipated to retain its dominance in the smart watch market throughout the assessment period.
Several smart watches have technology to pay bill through just a tap. The apple pay features provides this facility to consumers to pay hassle-free. One’s credit card details can be stored in the watch without opening wallets, he/she can pay through it. However, these smart watches cost a lot more than regular one. Such kind of facility won’t be available in medium price smart watches. The report reveals, in terms of revenues, the medium price smart watches are likely to witness steady expansion through 2025, while low price smart watch segment will showcase high y-o-y growth rate.
Also, on the basis of age group, 25-34 years segment is likely to remain most attractive in the global smart watch market, in terms of value throughout the forecast period. Moreover, 15-24 years segment is likely to witness expansion at double digit CAGR over the assessment period.
The study also analyzes dynamics of market on the basis of sales channels. The market has been segmented into organized retail chain, unorganized retail chain and e-commerce stores. Among these, organized retain chain segment is expected to register high y-o-y growth over the assessment period. Further, in terms of value, the segment is anticipated to increase at staggering double-digit CAGR throughout the assessment period. The online e-commerce segment had secured over US$ 3,876 Mn revenues in 2016 and projected to grow at steady CAGR throughout the assessment period. However, the online e-commerce store segment is expected to be most lucrative segment of the global smart watch market over the assessment period.
On the other side, the market also has been segmented in to extensive smart watch, hybrid smart watch, standalone smart watch, on the basis of product type. Among these, the standalone smart watch segment retained its dominance in 2017, procuring more than one-third revenue share of the market.
The North America, Latin America, MEA, APAC and Europe are 5 key regions that are analyzed in the report. Asia Pacific retained its dominance in 2017 in smart watch market with the contribution of more than US$ 2,915 Mn to the global market. In addition, the North America smart watch market is anticipated to grow at high CAGR throughout the assessment period.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/19378
Vendor Insights
Number of companies are contributing in growth of the smart watch market. Some of the leading companies that have huge contribution are profiled in the report include, Nokia Corporation (Withings), Apple Inc., Samsung Electronics Co., Ltd., Xiaomi Corporation, Sony Corporation, Fossil Group, Inc., Garmin Ltd., Huawei Technologies Co., Ltd., and Fitbit Inc
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Watch Market to Incur High Value Growth at 16.6% CAGR During 2017-2025 here
News-ID: 1472402 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
