Maharashtra, India -- (SBWIRE) -- 03/11/2019 -- Smart Ring is a compact and lightweight wearable ring-type device that offers handwriting-input functionality and a reader for near-field communications (NFC) tags. A smart ring that empowers wearers to rule them all – their smartphone, smart home appliances, Google Glass, smartwatch and a variety of digital-enabled interactions, to be more precise.
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The worldwide market for Smart Ring is expected to grow at a CAGR of roughly 28.6% over the next five years, will reach 33 million US$ in 2024, from 7 million US$ in 2019
Scope of the Report:
At present, in the foreign industrial developed countries the smart ring industry is generally at the beginning level, the world's enterprises are mainly concentrated in North America, EU and China. Meanwhile, foreign companies have more mature eco-system of both software and hardware, strong R & D capability, the technical level is in a leading position. There are enabling policies from different countries.
Smart ring industry is a high technology industry, the important part is the ecosystem and innovation technology. There has to be different cooperation between different industries such as system platform, cloud services, App store, App software, and sometime need other equipment to realize the special function.
The smart ring still have a lot of opportunities with this huge market ahead. However, the enterprises have to solve the problems such as high operating cost and some technical difficulties and so on.
Market Segment by Manufacturers, this report covers
McLear Ltd, Nod Ring, GEAK, Ringly, MOTA, Mycestro, Arcus, Thumb Track, Ring Theory, Jakcom Technology, Sirenring, Kerv, GalaGreat, VINAYA Technologies, Logbar Ring, Acare, Vring, Neyya, RHL Vision Technologies Pvt, Moodmetric
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Android
IOS
Windows Phone
Compatible Systems
Market Segment by Applications, can be divided into
Health and Movement
Device Control
Communication
Smart Ring Market Effect Factors Analysis chapter specifically focuses on Substitutes Threat, Technology Progress/Risk, Technology Progress in Related Industry, Consumer Needs/Customer Preference Changes and Economic/Political Environmental Changes that derives the growth factors of the Market.
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Research Methodology: The Smart Ring market has been analyzed utilizing an optimum mix of secondary sources and benchmark methodology along with a distinctive blend of primary insights. The actual valuation of the market is an essential part of our market sizing and forecasting methodology. Our industry experts and panel of core members have supported in compiling suitable aspects with realistic parametric assessments for a conclusive study.
What's in the offering: The report provides in-depth knowledge about the utilization and adoption of Smart Ring in different applications, types, and regions/countries. In addition to that, the key stakeholders can determine the key trends, drivers, vertical player's initiatives, investments, government pursuits towards the product acceptance in the forthcoming years, alongside the data of the commercial products present in the market.
Lastly, the study lays out details about the major challenges that are expected to influence market growth. The report also provides all-inclusive information about the business opportunities to key stakeholders to expand their business and seize revenues in the precise verticals. The report will aid the companies present or intending to join in this market to analyze the various aspects of this domain before investing or growing their business in the Smart Ring market.
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