DUBLIN, March 9, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/p5gggm/global_smartwatch) has announced the addition of the "Global Smartwatch Market 2016-2020" report to their offering. This comprehensive report forecasts the global smartwatch market to grow at a CAGR of 12% by 2020.
Commenting on the report, an analyst from the research team Several vendors in global smartwatch market have taken the crowdfunding route to raise funds for their projects. This has benefitted the market in several ways. First, it has increased awareness among potential customers. Second, it has provided enormous opportunities for small vendors to innovate and succeed in the stiff competition. Crowdfunding allows vendors to anticipate the interest for their products and directly communicate with potential buyers and involve them in the product development stage. This helps vendors build the right products for the market.
According to the report, smartwatches have the ability to connect with several devices such as TVs, media players, headsets, smartphones, laptops, PoS devices, and others that allow Bluetooth and near field communication (NFC) connectivity. Several third-generation smartwatches are integrated with Wi-Fi connectivity, which enables them to be connected to several devices efficiently. These watches can be connected with headsets and smartphones.
Further, the report states that low awareness among consumers is a major challenge facing the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- ASUSTeK Computer
- Polar Electro
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
For more information visit http://www.researchandmarkets.com/research/p5gggm/global_smartwatch
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SOURCE Research and Markets