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Smart Rings Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research
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Wearable devices have been developed to such an extent that they are now of a ring size. Smart rings are small wearable devices worn on fingers. They work by movement of fingers and gesture control. They comprise of sensors and chips that help perform various functions such as answering calls, messaging or emailing, making contactless payments and so on. They can be used to measure blood pressure, pulse rate and heart rate. Basically, they are used for information storage and sharing. The rings can receive pictures, videos, calls which can be safely transferred and stored to smartphones.
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KEY PREMIUM INDUSTRY INSIGHTS
Rise in demand for Internet of Things (IoT) and increased use of wearable devices are major factors promoting the growth of the smart rings market.
Growth of cloud computing is also contributing towards the market growth. Its various applications in commercial as well as healthcare sector is causing an increasing demand for smart rings.
With multiple advantages and varied applications, the growth of the market is estimated to be at a steady pace during the forecasted period.
The smart rings market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Asia-Pacific region holds the highest market share and is the largest revenue contributor for the smart rings market. The region holds dominance because of significant rise in the usage of consumer electronics such as wearable devices, smart phones and laptops. In addition, the rise in population shall tend to increase the use of electronic devices which will in turn lead to growth of smart rings market. Digitization is also contributing towards market growth. Overall, the Asia-Pacific region shall continue to dominate the smart rings market globally during the forecasted period.
MARKET SEGMENTATION
This report analyzes the smart rings market by the following segments:
Smart Rings Market, by Type of Operating System
1. Android
2. IoS
3. Microsoft Windows
Smart Rings Market, by Technology
1. Bluetooth-enabled smart rings
2. NFC-enabled smart rings
Smart Rings Market, by Applications
1. Mobile/contactless payments
2. User authentication and access control
3. Information sharing
4. Monitoring healthcare system
KEY MARKET PLAYERS
Key players in the smart rings market include:
1. McLear Ltd.
2. Logbar Inc.
3. Fujitsu
4. Moodmetric
5. Shanxi Jakcom Technology Ltd.
6. Shanxi Jakcom Technology Ltd.
7. Ringly Inc.
Browse Report: https://www.scalarmarketresearch.com/market-reports/smart-rings-market
About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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