The Growth of the Smartwatch Industry

By  Research and Markets, Special for  USDR

Research and Markets (http://www.researchandmarkets.com/research/f6k4jw/global_smartwatch) has announced the addition of the“Global Smartwatch Market 2016-2020″ report to their  offering.

The global smartwatch market to grow at an impressive CAGR of approximately 12% by  2020.

The global market for smartwatches is extremely competitive and is primarily dominated by large global players like Apple and Samsung. To gain traction in this market, many vendors are now forming strategic partnerships with other industry players to attract new customers to the wearable market. Since this market is still in its growth stage, many new players are expected to enter the market as it has a huge growth  potential.

The widespread availability of smartwatches with advanced functionalities and features is expected to augment the interest of technology and fitness enthusiasts during the forecast  period.

The high compatibility of smartwatches with other mobile computing devices is expected to be the key driver for the growth of this market. Nowadays, smartwatches can be connected to devices like TVs, media players, headsets, smartphones, laptops, PoS devices, and other devices having Bluetooth and NFC capabilities. This high compatibility of smart watches is a significant factor that is expected to augment market growth during the forecast  period.

In this market research report, analysts have estimated the Americas to dominate the global market for smartwatches during the projected period. This region presently accounts for more than 68% of the total market share and is envisaged to retain its dominating hold over the market during the forecast period owing to factors like rapid advances in technology and changing consumer preferences over the usage of electronic  devices.

Several vendors in global smartwatch market have taken the crowdfunding route to raise funds for their projects. This has benefitted the market in several ways. First, it has increased awareness among potential customers. Second, it has provided enormous opportunities for small vendors to innovate and succeed in the stiff competition. Crowdfunding allows vendors to anticipate the interest for their products and directly communicate with potential buyers and involve them in the product development stage. This helps vendors build the right products for the  market.

The leading vendors in the market  are:

  • Apple
  • Fitbit
  • Pebble
  • Samsung
  • Sony

Other prominent vendors in the market  include

  • ASUSTeK  Computer
  • PolarElectro

Key Topics  Covered:

Part 01: Executive  summary

Part 02: Scope of the  report

Part 03: Market research  methodology

Part 04: Introduction

Part 05: Market  landscape

Part 06: Geographical  segmentation

Part 07: Market  drivers

Part 08: Impact of  drivers

Part 09: Market  challenges

Part 10: Impact of drivers and  challenges

Part 11: Market  trends

Part 12: Vendor  landscape

Part 13: Key vendor  analysis

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.