Global Wearable Technology Market 2020-2024
Technavio has been monitoring the global wearable technology market and it is poised to grow by USD 35.48 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period. Our reports on global wearable technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by popularity of wearable devices as a payment method. In addition, emergence of hybrid smartwatch market is anticipated to boost the growth of the global wearable technology market as well.
Technavio’s global wearable technology market is segmented as below:
Key Trends for global wearable technology market growth
This study identifies emergence of hybrid smartwatch market as the prime reasons driving the global wearable technology market growth during the next few years.
Prominent vendors in global wearable technology market
We provide a detailed analysis of around 25 vendors operating in the global wearable technology market, including some of the vendors such as Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment & Holding Co. Ltd., LG Electronics Inc., Polar Electro Oy, Samsung Electronics Co. Ltd., Vuzix Corp. and Xiaomi Corp. .
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 an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook