Global Smartwatches market to Grow at a CAGR of 115.2% during 2015
According to the report, one of the main drivers is the entry of big vendors into the Global Smartwatches market. Previously, the market was dominated by vendors with relatively low brand image in the Electronic Device industry. However, with the entry of big players in the Electronic Device industry, the curiosity and demand for smartwatches among end-users have increased.
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One of the key factors contributing to this market growth is the entrance of big vendors into the Global Smartwatches market. The Global Smartwatches market has also been witnessing an increase in R&D spending. However, the lack of proper technology standards could pose a challenge to the growth of this market.
Global Smartwatches Market 2015-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Smartwatches market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Market Research Store recognizes the following companies as the key players in the Global Smartwatches Market: Martian Watches, Pebble Technology Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., and Sony Corp.
Commenting on the report, an analyst from Market Research Store’s team said: “The increasing R&D spending on smartwatches is a major trend witnessed in the Global Smartwatches market. Leading vendors such as Pebble, Maritime, Samsung, and Sony have increased their investment in the R&D of smartwatches. For instance, they are partnering with suppliers and value-added re-sellers and investing significantly in R&D. An increased focus on R&D and on establishing partnership networks is helping vendors introduce inexpensive solutions. Further, more focus on R&D is helping vendors introduce products with more accuracy and better integration ability. Thus, the high accuracy and the integration ability coupled with the reduction in smartwatch prices are leading to an increase in the adoption of smartwatches.”
Further, the report states that one of the major challenges faced in the market is the lack of proper technology standards. As the Global Smartwatches market is a fairly new and emerging market, technology standards are still not clearly defined. This can hamper the growth of 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.
Key questions answered in this report:
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?