Press release
Increasing number of online stores, usage of smart phones and rising use of wearable fitness trackers create new opportunities in the global wearable fitness trackers market
The increase in number of online stores across the globe will offer a new platform for wearable fitness trackers accessories vendors to approach customers. With an evolution in technology and digitalsation, everyone is moving toward online shopping and secured transactions. This advancement will provides huge opportunity for the vendors operating in the global wearable fitness trackers market in the near future.The prime factor responsible for the popularity of the wearable fitness trackers is that users can wear them 24*7 and can witness real time monitoring of the collected data that too on devices which can be carried anywhere and anytime.
The increasing usage of smartphones in the market is creating demand of wearable fitness trackers. In the present era, almost everyone use a smartphone. The applications in these smartphones offer an easy monitoring of the fitness trackers. Due to this advancement, the demand of wearable fitness trackers is also increasing
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With the rapidly increasing health issues in all age groups, patients and doctors both are more focused on developing the medium through which doctors are able to monitor the health of the patients through devices. This is very prime opportunity for the manufacturers to develop new features in the wearable fitness trackers.
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The wrist wear segment is anticipated to exhibit high market attractiveness index over the opportunity assessment period
Wrist wear segment is projected to be the most attractive in the global wearable fitness trackers market during the opportunity assessment period. The segment is estimated be valued more than US$ 14 Bn in 2017 and is expected to witness steady growth in terms of revenue throughout the projected period, representing a CAGR of 16.3% during the projected period.
Global wearable fitness trackers market is expected to be valued at more than US$ 21 Bn in 2017 and is anticipated to reach more than US$ 90 Bn by the end of 2027. The global wearable fitness trackers market is expected to register a CAGR of 15.8% during the forecast period.
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FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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