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Wearable Technology Market to eyewitness astonishing growth of 29% by 2020

Wearable Technology Market to eyewitness astonishing growth of 29% by 2020

Wearable Technology Market
How technological advancements is changing the dynamics of Wearable Technology Market. Know more about the key market trends and drivers in latest broadcast about Wearable Technology Market from HTF MI.

The “Wearable Technology Forecasts: 2016 – 2030” datasheet presents comprehensive forecasts for wearable device shipments and revenue from 2016 till 2030, covering 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries. Historical figures are also presented for 2015.

While wearable technology has been utilized in vertical sectors such as the military and healthcare industries for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream. With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors, ranging from glasses to even jewelry.

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Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, mobile operators, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.

Research estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.

Market forecasts on are provided for each of the following submarkets and their subcategories:

Vertical Submarkets

– Consumer

– Healthcare

– Professional Sports

– Retail & Hospitality

– Military

– Public Safety

– Others

Form Factor Submarkets

– Smart Bands

– Smart Watches

– Smart Glasses

– Smart Clothing

– Smart Jewelry

– Heads-up Displays

– Others

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Regional Markets

– Asia Pacific

– Eastern Europe

– Latin & Central America

– Middle East & Africa

– North America

– Western Europe

Country Markets

-Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela, Vietnam

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The report provides answers to the following key questions:

– How big is the Wearable Technology opportunity

– What trends, challenges and barriers are influencing its growth

– How is the ecosystem evolving by segment and region

– What will the market size be in 2020 and at what rate will it grow

– Which submarkets will see the highest percentage of growth

– Who are the key market players, what is their market share and what are their strategies

– What strategies should Wearable Technology infrastructure vendors

About Author: 
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”. 

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