Research and Markets
22 hours ago
Research and Markets (http://www.researchandmarkets.com/research/29fbqg/global) has announced the addition of the "Global Smartwatches Market 2014-2018" report to their offering.
The analysts forecast the Global Smartwatches market to grow at a CAGR
of 115.2 percent over the period 2014-2018. 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.
The key vendors dominating this market space are
Pebble Technology, Inc., Martian Watches, Sony Corp., Samsung
Electronics Co. Ltd., and Qualcomm Inc. Other vendors mentioned in the report are Apple Inc., ConnecteDevice Ltd., Metawatch Ltd., and Google Inc.
Commenting on the report, an analyst from the 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.
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.
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.
For more information visit http://www.researchandmarkets.com/research/29fbqg/global
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Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Software
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Software
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