Press release
Emerging Evolution: Global Wearable Apps Market Size, Shares to grow at a CAGR of 56.86% Between 2016-2020
Wearable apps are wearable device-based applications that allow consumers to track and monitor their fitness levels and sports activities, keep a check on online transactions, and navigate maps using devices such as fitness bands, smartwatches, and smart glasses. These apps allow users to keep track of their heart rate, blood pressure, and the calories burned during a workout. Wearable apps are gaining popularity in the healthcare and industrial segments. They help to optimize operational efficiency. Most of the wearable apps work when they are synced with smartphones. However, as the technology is growing, a large number of vendors are creating stand-alone apps that can be installed in wearable devices, especially in smartwatches.
Technavios analysts forecast the global wearable apps market to grow at a CAGR of 56.86% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global wearable apps market for 2016-2020. To calculate the market size, the report considers the revenue generated from the app downloads by the following devices:
Smartwatches
Fitness bands
Smart glasses
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Wearable Apps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
app downloads by the following devices:
Smartwatches
Fitness bands
Smart glasses
Market driver
Availability of cost-effective fitness apps
For a full, detailed list, view our report
Market challenge
Presence of low-quality apps
For a full, detailed list, view our report
Browse More ICT Market Research Reports: http://www.marketresearchreports.biz/category/96
Market trend
Increase in adoption of smartwatches for children
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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