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Wearable Devices Market Estimated to grow at a CAGR of 21.63% by 2025

04-09-2020 10:30 AM CET | IT, New Media & Software

Press release from: Knowledge Sourcing Intelligence LLP

Wearable Devices Market Estimated to grow at a CAGR of 21.63%

Knowledge Sourcing Intelligence announces the publication of a new report on "Wearable Devices Market - Forecast from 2020 to 2025" to their offering. Capturing real-time information pertaining to various activities carried out by a user and at the same time keeping a track of it to enable the user to fathom the data through a user-friendly interface like that of the handheld device comes under the purview of wearable devices market. Analog-watches, smartwatches, smart glasses and fitness trackers are a few of the extent of wearable devices that are used by the consumers.

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.

Purchase the complete report or request for a sample:

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:
By Products
o Watches
o Fabric
o Glasses
o Fitness Trackers
o Others

By End Users
o Personal Users
o Enterprises

By Connectivity Medium
o ANT+
o Bluetooth
o Wi-Fi
o Cellular

By Technology
o Computer Technology
o Display Technology
o Networking Technology
o Positioning Technology
o Sensor Technology

By Geography
North America
o Canada
o Mexico
South America
o Brazil
o Argentina
o Others
o UK
o Germany
o France
o Others
Middle East and Africa
o Saudi Arabia
o Israel
o Others
Asia Pacific
o Japan
o China
o India
o Others

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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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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