Wearable Technology Market 2020 Trend by Top Players - Fitbit (US), Apple (US), Xiaomi Technology (China), Garmin (US)

Global Wearable Technology Market Opportunities, Challenges, Strategies, Industry Verticals And Forecasts(2016-2030): The report presents an in-depth assessment of the Wearable Technology including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Wearable Technology investments from 2019 till 2023.

According To Study Report estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.

While wearable technology has been utilized in vertical sectors such as the military and healthcare industries for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream.

Key players in the wearable technology market include Fitbit (US), Apple (US), Xiaomi Technology (China), Garmin (US), Samsung Electronics (South Korea), Alphabet (US), LG Electronics (South Korea), Qualcomm Technologies (US), Sony Corporation (Japan), Adidas Group (Germany), Jawbone (US), Misfit (US), Guangdong BBK Electronics (China), Lifesense Group (The Netherlands) among others.

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Description: The Fitness bands and smart watches are Trending wearable Devices and It has one the prime revenue sources and has experienced a high adoption rate, highly growing demographics across the regions and increasing awareness among end users about the potential benefits of wearable technology is expected to accelerate the wearable technology market in the coming years.

The global wearable technology market for smart watches, Smart watch is a wearable device with a touchscreen and provides various facilities to the wearer and is to be worn like a wristwatch. It offers functions of the smartphone on the user's wrist by pairing the device with a smartphone or tablet and provide features such as connecting to internet, making calls, checking caller ID, and providing fitness monitoring abilities, running mobile apps, messaging, GPS and many other.

Key Findings
The report has the following key findings:
- The Research estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.
- Leading smartphone OEMs, Apple and Samsung, are replicating their success in the OS powered smart watch arena with a combined market share of nearly 75%.
- As wearable device OEMs seek to minimize dependence on hardware sales, new business models are beginning to emerge, particularly in the enterprise space. For example, specialist vendors such as Catapult are offering subscription based services to sports teams, which combine wearable sensors, cloud-based software and analytics.
- The Research estimates that wearable devices will help mobile operators drive over $13 Billion in service revenue by the end of 2020, following a CAGR of nearly 32% between 2016 and 2020.
- The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs.

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Key Questions Answered
The report provides answers to the following key questions:
- How big is the wearable technology ecosystem?
- How is the ecosystem evolving by segment and region?
- What will the market size be in 2020 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Who are the key wearable device vendors and what are their strategies?
- How much are vertical enterprises investing in wearable devices?
- What opportunities exist for wireless chipset suppliers in the wearable technology ecosystem?
- How can mobile operators capitalize on the growing popularity of smart watches, fitness bands, smart glasses and other wearable devices?
- Which countries, regions and verticals will see the highest percentage of wearable device shipments?
- Which sports category will see the highest level of wearable technology integration?

The research includes historic data from 2019 to 2025 and forecasts until 2030 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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