GLOBAL INDUSTRY INSIGHT: Smartwatch Market Size, Share, Development, Growth and Demand
Forecast to 2020
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Global Smartwatch Market Size, Share, Development, Growth
and Demand Forecast to 2020
The global smartwatch market is growing, due to increased demand of home and remote patient monitoring,
increased demand of wearable sensors for infants, and rapid innovation in sensor technology. The demand of
continuous health monitoring features for infants is continuously increasing, since the past few years. The
constant monitoring of physiological parameters of an infant’s body is carried out by using wearable sensors
system, observing external threats as well as internal threats by parents. The increasing use of wearable systems
in physiological monitoring is providing ample growth opportunities for the global smartwatch market. Additionally,
strong distribution support is also supporting the growth of the market. The key competitors in the market are
collaborating with their re-sellers and suppliers for penetrating in the market through selection of right geography,
channel, and target audience.
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analysis/smartwatch-market
Among all the regions, North America led the global market; whereas the Asia-Pacific market is expected to grow
with the highest rate during the coming years. The high growth rate of Asia-Pacific market is due to the presence
of low-cost android based smartwatch manufacturers in developing countries of the region, such as China.
Among the various products, the extension smartwatch segment leads the market; whereas among all the
operating systems, android segment leads the global market. Smartwatches are majorly used in personal
assistance and wellness applications.
The smartwatch reveals how smartphones are slowly transforming into a pocket computer, which can provide
information in a wristwatch. In 2014, Google Inc. entered in the market by launching a version of Android
operating system for smartwatches named ‘Android wear’. Following it, several other manufactures launched
smartwatches with Android operating system. Moto 360 from Motorola, G watch from L.G., and Samsung gear
are some of the most innovative products of the market, which are gaining attention of new users. With the
miniaturization of sensors, and falling prices due to advancement in manufacturing technology, more number of
sensors is expected to be used in such devices during the coming years.
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Wearable technologies have growth opportunities in numerous areas of applications, such as disaster relief,
medical care, anxiety disorders, behavioral disorders, autism spectrum disorders and others. Wearable sensors,
web cameras, online social networks, and mobile phones are all part of future health support system. The future
medical intervention methods are likely to involve pharmacology with electronic devices. Due to the evolution of
cloud based services, there is increase in data visualization, sharing capabilities, aggregation, and data storage
and processing.
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Global Smartwatch Market Size, Share, Development, Growth
and Demand Forecast to 2020
Privacy and security is one of the most important aspects in smartwatch. The communication in wearable sensors
applications in healthcare are mostly wireless in nature, which may cause security threats to these systems.
These threats and attacks could cause serious troubles to the social life of the wireless sensor device user. The
location tracking of a patient or person could be done easily, which can be used to harm the person.
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Some of the competitors in the global smartwatch market are Samsung Electronics Co. Ltd., Google Inc., Sony
Corporation, Apple Inc., Fitbit Inc., and Garmin Ltd.
Global Smartwatch Market Segmentation
By Product
Extension
Classic
Standalone
By Operating System
Android
Windows
IOS
Others
By Application
Wellness
Sports
Medical
Personal Assistance
Others
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Global Smartwatch Market Size, Share, Development, Growth
and Demand Forecast to 2020
By Geography
North America
Europe
Asia -Pacific
Rest of the World
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