Deerfield Beach, FL -- (SBWire) -- 07/16/2015 --Global Smart Wearable Lifestyle Devices and Services Market 2015-2019
Smart wearable lifestyle devices are portable devices that are worn or attached to a user's body to measure and analyze parameters related to their well-being. For instance, a wearable device used to measure the quality of sleep helps in analyzing a user's sleeping habits. Similarly, a smart glass enables a user to read a barcode of a product immediately and obtain detailed information about the product. This enhances knowledge about the product and helps the user in making the right decision regarding its purchase.
These devices are portable and perform functions similar to that of smartphones and tablets. Important functions of these devices include messaging, call handling, real-time fitness monitoring, heart-rate monitoring, sleep statistics, calorie count, gym training, monitoring and tracking daily activities, monitoring activities of babies, providing valuable health insights, streaming videos, playing virtual/3D games, image sharing, and entertainment.
Global Smart Wearable Lifestyle Devices market to grow at a CAGR of 35.14 percent over the period 2014-2019. The Global Smart Wearable Lifestyle Services market to grow at a CAGR of 39.06 percent over the period 2015-2019.
"Consumers have started using smart watches, wrist bands, and wearable rings to monitor their daily fitness and health activity, listen to music, stream virtual/3D videos, virtual gaming, and accessing social networking websites such as Facebook, LinkedIn, and Twitter through wearable screens."
"Wearable device providers worldwide have surged their investment in R&D to spread the development of innovative products to boost market revenue and remain competitive in the market."
Covered in this Report
The Global Smart Wearable Lifestyle Devices and Services market is divided into two cateogories: devices and services. The Global Smart Wearable Lifestyle Devices market is further sub-segmented on the basis of usage into Fitness and Lifestyle Devices, Smartwatch Devices, Smartglass Devices, and Others.
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Global Smart Wearable Lifestyle Devices and Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the Global Smart Wearable Lifestyle Devices market landscape and its growth prospects over the coming years. The report also includes a discussion of key vendors operating in this market.
Key Regions:
APAC
North America
ROW
Western Europe
Key Market Drivers:
Increased Demand for Wearable Lifestyle Devices
Increased Use of Smart Glasses
Increased Focus on R&D
Strategic Alliances
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Key Market Trends:
Advances in Technology
Decline in ASP of Wearable Devices
Increased VC Funding for Lifestyle Devices
Key Market Vendors:
Adidas AG
Apple Inc.
Fitbit Inc.
Garmin Ltd.
Jawbone (Aliph Inc.)
LG Electronics Inc.
Nike Inc.
Samsung Electronics Co. Ltd.
Sony Corp.
To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Smart Wearable Lifestyle Devices and Services Market 2015 Share, Scope, Trends and Forecast to 2019
Global Smart Wearable Lifestyle Devices and Services Market 2015, is expected to witness an impressive growth rate with a CAGR of 39.06% during the period 2014-2019.