The trend of Wearable Devices Market | Growth | Global Research and Industry Forecast, 2019-2025
Meticulous
Research®– leading global market research company published a research report
titled “Wearable Devices Market by Product Type
(Smartwatch, Earwear, Eyewear, and others), End-Use Industry (Consumer
Electronics, Healthcare, Enterprise & Industrial, Media &
Entertainment), Connectivity Medium, and Region - Global Forecast to
2025”.
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| The global wearable devices market is expected to grow at a CAGR of 11.3% from 2019 to reach $62.82 billion by 2025 |
According to this latest publication from Meticulous Research®, the global wearable devices market is expected to grow at a CAGR of 11.3% from2019 to reach $62.82 billion by 2025. The growth in the global wearable devices the market is mainly attributed to the growing adoption of wearable devices across
multiple application areas such as manufacturing, retail, and healthcare, among
others. Moreover, consumer preference for connected devices and the increasing population of IoT and associated devices further support the overall growth of
the wearable devices market. However, lack of data privacy & security and
lack of internet & associated infrastructure in underdeveloped countries is
expected to restrict the growth of this market to some extent.
To Get brief information browse here: -
https://www.meticulousresearch.com/product/wearable-devices-market-5050/
https://www.meticulousresearch.com/product/wearable-devices-market-5050/
Based on product type, smartwatches segment is expected
to command the largest share of the overall wearable devices market in 2019.
The large share of this market is mainly attributed to growing technological
upgradation in smartwatches by key players, rising awareness pertaining to
personal fitness and health among citizens, and increasing demand for wireless
health monitoring devices.
Based on end-use industry, healthcare is estimated to account
for the largest share of the overall market in 2019. The large share of this the market is mainly attributed to huge demand for wearable devices, such as
fitness trackers, by medical professionals, to acquire physiologically,
behavioral, and contextual data for the diagnosis, treatment, and management of
chronic diseases.
Geographically, North America is estimated to
command the largest share of the overall wearable devices market in 2019, due
to the presence of a large number of established wearable device players &
start-ups, easy availability of variety of smart devices, and high internet
penetration. However, the Asia Pacific region is expected to witness rapid growth
during the forecast period in the wearable devices market. The rapid growth of this the market is mainly attributed to the rising population, increasing disposable income,
growing penetration of internet, a huge base of techno-savvy consumers, and
growing investments from key players in the region.
The major players operating in the global wearable devices
market are Apple Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.),
Sony Corporation (Japan), Samsung Electronics Cp., Ltd. (South Korea), Garmin
Ltd. (U.S.), Huawei Technologies Co., Ltd (U.S.), Fitbit, Inc. (U.S.), LG
Electronics (South Korea), and Misfit (U.S.), among others.
Key questions answered in the report-
- Which are the high growth market segments in
terms of product, end-use industry, connectivity medium, and countries?
- What was the historical market for wearable
devices across the globe?
- What are the market forecasts and estimates
for the period of 2019-2025?
- What are the major drivers, restraints,
opportunities, and challenges in the global wearable devices market?
- Who are the major players in the global
wearable devices market?
- How is the competitive landscape in the global
wearable devices market?
- What are the recent developments in the global
wearable devices market?
- What
are the different strategies adopted by the major players in the global
wearable devices market?
Download a free sample report with all graphs and charts related to its:
-https://www.meticulousresearch.com/download-sample-report/cp_id=5050
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
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