DUBLIN, October 4, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Smart Wearable Lifestyle Devices and Services Market 2016-2020" report to their offering.
The analysts forecast the global smart wearable lifestyle devices and services market to grow at a CAGR of 15.75% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global smart wearable lifestyle devices and services market for 2016-2020. To calculate the market size, the report considers the revenue generated by telecommunication operators in the smart wearable services market. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from the research team said: One of the key trends for market growth will be decline in cost of smart wearable lifestyle device. A significant decline in the ASP of smart wearable devices in the developed countries has increased the adoption rate of these devices. In 2012, the ASP of most of the devices that were sampled was recorded to be $800, depending on the application. The amount has declined to $250-300 in 2016. The significant decline in the cost of wearable devices has increased the adoption rate of these devices both in developed and developing countries. Initially, the adoption of these devices was confined to developed countries because of the high cost. However, with the decline in cost, vendors have shifted their focus to developing countries to increase their revenue and market base.
According to the report, growing use of smart glasses will be a key driver for market growth. Smart glasses are portable devices that provide real-time entertainment and gaming experiences to end-users. These glasses enable users to capture 3D images, stream virtual videos, and enhance their virtual gaming experience. Google Glass provides a platform for consumers to share their videos and pictures on social networking websites such as Facebook and Twitter with the help of pre-installed apps. It also provides Google maps. The adoption of smart glasses is high in North America and Western Europe.
Further, the report states that smart wearable devices have design constraints, which is one of the significant challenges faced by the consumer smart wearable technology market worldwide. By using normal wearable accessories that include wristbands, watches, jewelry, and glasses, individuals make a fashion statement for their personal identity.
Other prominent vendors
- Atheer Labs
- Atlas Wearables
- Bia Sport
- Brilliant Services
- BSX Insight
- Carre Technologies
- Emotiv Systems
- Epson America
- Force Impact Technologies
- Intelligent Headset
- Orpyx Medical Technologies
- Pixie Scientific
Key Vendors 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: Market segmentation by category
Part 07: Market segmentation by products
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis: Products
Part 16: Key vendor analysis: Services
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/kvpdd4/global_smart
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets