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Technavio’s market study identifies the increasing popularity of connected devices to be one of the primary growth factors for the wrist wearable market. Influenced by the increasing penetration of smartphones, the growing popularity of high-speed broadband services, and technological advancements, customers are increasingly preferring connected services. Wearable devices enable the easy transfer of data to electronic devices. Additionally, wearable devices can also alert the user about medication timings and the dosage of medicines to be taken and provide access to multimedia and infotainment services. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 13% by 2021.
There is a steady increase in the consumer preference for wrist wearables. This growing demand is encouraging vendors to develop and manufacture wrist wearables such as bracelets and tags, apart from smartwatches and fitness bands. The Netatmo June bracelet was designed specifically for women, to measure the amount of sun exposure and alert them regarding the application of sunscreen lotions that was connected to the smartphones. This growth of niche markets for wrist wearables will be one of the major trends that will gain traction in the wrist wearable market during the next four years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Buying criteria
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
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