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Global Smartwatch Market Overview Analysis
A smartwatch is a wearable electronic device that also has computed capabilities for specific functions and closely resembles a wristwatch, many smartwatches have wireless communication capabilities that a user can use from the watches interface to initiate and answer phone calls, read emails and messages, receive weather report updates, dictate emails or text messages, or use it as a personal digital assistant.
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Based on the product, the standalone smartwatch segment is going to have lucrative growth during the forecast period owing to its advanced features such as wireless operations, sim card acceptance, and access capability for the internet. Moreover, the increasing demand for the intelligent based device for monitoring the daily activities is further boosting the market growth of the segment.
Some of the key players profiled in the Smartwatch Market include Apple Inc., Fitbit Inc, Fossil Group Inc., Garmin Ltd, Huami Corporation, Huawei Technologies Co. Ltd, Lenovo Group Limited, LG Electronics Inc., Polar Electro OY, Samsung Electronics Co. Ltd, and Sony Corporation.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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