Smart watch is a special fabricated device, which is a wrist watch with various advanced features that are in any electronic device. Smart wrist phone and monitoring devices are high in demand in fitness and healthcare applications. There is high scope for the Smart Watch Market with huge demand for various smartwatch models and smartwatch update for high features among the consumers across the globe during 2013-2020.
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Topics Covered in this report:
Scope and Regional Forecast of the Smart Watch Market:
The Smart Watch Market has utilization in various end user applications, for example; in healthcare, the smart watch information is stored in a server using the Bluetooth or Wi-Fi technology for monitoring the health condition. It is also useful for IoT applications through 2020.
North America dominated the Smart Watch Market with one third of the market global revenue during 2013. Samsung Electronics was the market leader of this market and currently many companies have launched their products in the smart watch industry. Europe is expected to witness high demand for smart watches for personal assistance, healthcare and sports monitoring through 2020.
Asia Pacific is the largest region with high scope in the Smart Watch Market owing to the market size, sale scope, high population and emerging economies such as India and China in this region. This region has huge potential for sales and revenue generation and many companies are expected to launch their products in this region through 2020.
Segmentation and Key Players of the Smart Watch Market:
The Smart Watch Market is segmented into various categories by product type, by application, by operating system and by geography as follows:
By product type: Extension smartwatch, Classic smartwatch and Standalone smartwatch
By application: PA, Wellness, Medical/ Health, Sports and others
By operating system: Android, IOS, Windows and others
By geography: North America, Europe, Asia Pacific and LAMEA
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The key players in the Smart Watch Market are as follows:
- Google Inc.
- Apple Inc.
- Sony Corporation
- Samsung Electronics Co.
The Smart Watch Market is a high potential market with demand for advanced watch features for various applications such as health monitoring, watch internet, watch computer and others across the globe. This market is estimated to witness high growth owing to high investment for smartwatch technology and smart watch design and increasing watch retailers in this market in various regions during 2013-2020.
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