Wearable Devices Market Estimated to grow at a CAGR of 21.63% by 2025
The prime reason behind such profusion is due to the advent of technological developments in the semiconductors segment and industry and the rate of miniaturization of devices and increasing expanse of the internet of things generally known as IoT have led to a renewed affordability of wearable sensors as well as its profusion. Furthermore, innovation in sensor technologies, particularly towards extended battery capacity, as well as the convenience of wireless charging, is also to be factored in the wearable devices market growth. Wearable devices primarily find its application in the healthcare sector where it has emerged as the mainstay of various points of care to facilitate the seamless monitoring of various health parameters that are inclusive of but not limited to pulse, body temperature, calories burnt, blood pressure.
Moreover, the convenience of transmitting the data that has been monitored, to the respective point of care without traveling to the healthcare center is also another factor that is fueling the growth of the market. Nevertheless, security concerns, data theft as well as improper data usage and high rate power consumption are a few factors restraining the growth of the wearable sensors market.
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The recent study on the wearable devices market covers an in-depth analysis of the market based on products, end-users, connectivity medium, technology and geography. The report also covers the country-level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2024. According to the report titled "Wearable Devices Market - Forecast from 2020 to 2025", the market is estimated to grow at a steady rate during the forecast period. The report has segmented the Wearable Devices Market by Products (Watches, Fabric, Glasses, Fitness Trackers, Others), By End Users (Personal Users, Enterprises), By Connectivity Medium(ANT+, Bluetooth, Wi-Fi, Cellular, NFC), By Technology(Computer Technology, Display Technology, Networking Technology, Positioning Technology, Sensor Technology); And by Geographies such as North Americas (the USA, Canada & Mexico), South America (Brazil, Argentina, and others), Europe (UK, Germany, France, and others), Middle East and Africa (Saudi Arabia, UAE, Israel, and others), and Asia Pacific (Japan, China, India, and others). Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Wearable Devices Market.
The major players covered as part of the report are AiQ Smart Clothing, Apple, Inc., Fitbit, Fossil Group, Garmin Ltd., Huawei Technologies Co., Ltd, LG Electronics, Luxottica, Xiaomi Technology Co. Ltd., Zephyr and Technology Corporation,among others.
In this report the Wearable Devices Market has been segmented based on the following:
o Fitness Trackers
By End Users
o Personal Users
By Connectivity Medium
o Computer Technology
o Display Technology
o Networking Technology
o Positioning Technology
o Sensor Technology
Middle East and Africa
o Saudi Arabia
Unique Reasons to Buy Wearable Devices Market Report
1. In-depth analysis with sufficient data points and references included.
2. Best possible insights in addition to a detailed analysis of drivers and restraints.
3. Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
4. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
Scope of Wearable Devices Market
1. The forecast period is from 2020 to 2025 with 2019 as the base year.
2. Leading industry trends and regulations, key business opportunities, drivers and restraints at a global and regional level
3. Strategies of the key players in analyzing the competitive benchmarking are provided in the report
4. Corporate profiles of leading players along with their financial profiles across regions and industry verticals can be provided on customization requests.
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