London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Smart Wearable Lifestyle Devices and Services Market 2015-2019. The Global Smart Wearable Lifestyle Devices market is expected to grow at a high CAGR of 35.14 percent and the Global Smart Wearable Lifestyle Services market is expected to grow at a high CAGR of 39.06 percent during 2014-2019.
“Consumers have started using smart watches, wrist bands, and wearable rings to monitor their daily fitness and health activity, listen to music, stream virtual/3D videos, virtual gaming, and accessing social networking websites such as Facebook, LinkedIn, and Twitter through wearable screens,” says Faisal Ghaus, Vice President of TechNavio.
“Wearable device providers worldwide have surged their investment in R&D to spread the development of innovative products to boost market revenue and remain competitive in the market.”
Key Market Drivers
- Increased Demand for Wearable Lifestyle Devices
- Increased Use of Smart Glasses
- Increased Focus on R&D
- Strategic Alliances
Key Market Trends
- Advances in Technology
- Decline in ASP of Wearable Devices
- Increased VC Funding for Lifestyle Devices
Key Market Vendors
- Adidas AG
- Apple Inc.
- Fitbit Inc.
- Garmin Ltd.
- Jawbone (Aliph Inc.)
- LG Electronics Inc.
- Nike Inc.
- Samsung Electronics Co. Ltd.
- Sony Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
