Asia-Pacific Smartwatch Market to reach $28,596 Million, Globally by 2022

Asia-Pacific Smartwatch Market Report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $28,596 million by 2022, registering a CAGR of 69.8% during the period 2016-2022. Increase in the number of smartphone users, technological advancements, and rise in demand for high-end devices lead the market growth to a significant extent in the Asia-Pacific region.

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"Among the major trends, increase in the usage of fitness apps and budgets of manufacturers for R&D of hi-tech devices govern the market trends for smartwatches. China dominates the overall market, being a manufacturing hub in the Asia-Pacific region. In addition, Australia is projected to witness the fastest growth during the forecast period", said Sonia Mutreja, Lead Analyst, High Tech, Enterprise, and Consumer IT at AMR

The smartwatch market has grown at a steady pace. Smartwatch leads the bandwagon for wearable devices that enables a user to easily switch to it replacing traditional watches and providing more usability, functionality, and convergence similar to smartphones, which captured the market around two decades ago.

Extension smartwatches dominated the market in 2015, owing to its usage simplicity and multitasking ability. However, classic smartwatch is projected to witness the fastest growth over the forecast period.

Among the operating systems, Android based smartwatches dominated the market, owing to numerous embedded apps and Android phone users in the Asia-Pacific region. Nevertheless, Windows OS is expected to depict the fastest growth over the forecast period.

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Asia-Pacific Smartwatch Market Key Findings:

Extension smartwatch is projected to dominate the Asia-Pacific smartwatch market during the forecast period
Based on the operating systems, the Windows OS is anticipated to hold huge potential during the forecast period
China is the largest regional market for the sale of smartwatches and is expected to dominate the market space during the forecast period
The key companies profiled in this report are Apple Inc., Google Inc., Garmin Ltd., Fitbit, Inc., Motorola Mobility LLC., Sony Corporation, Samsung Electronics Co. Ltd., Huawei Technologies Co., Ltd., Pebble, and Nike, Inc.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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