Global Smart Wearables Market and Forecast to 2021

LONDON, Jan. 16, 2017 /PRNewswire/ -- The global market for smart wearables is projected to cross US$ 30 Billion by 2020. Initially, the adoption of these devices was confined to developed countries because of the high cost. However, with the decline in cost, vendors have shifted their focus to developing countries to increase their revenue and market base. The factors like growing IT spending, rising health concerns, growing popularity of smart wearables among consumers, an expanding smartphone user base globally, coupled with continuously declining prices of smart wearables are anticipated to propel demand for different types of smart wearables during the over the next six years.

Key Highlights of the Report:

- The smartwatches segment captured maximum share of the smart wearables market in 2015.

- Wearables suppliers are looking beyond the smart watches, focusing on hearables, which they see as the next big growth area in the smart wearables market.

- With growing adoption and rising disposable income levels, the smart wearable categories such as smart glasses and sports and fitness are also expected to gain significant pace through 2021.

- It is anticipated that the global sports clothing market will reach around US$ XXX Million by 2021.

- The global smart glasses market is expected to reach nearly US$ XX Million by 2021.

- The personal medical and assisted living market is likely to surpass US$ XXX Million mark by 2021.

- The combinedmarket for global kids and pets wearables is likely to cross US$ 1 Billion mark by 2021.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smart-wearables-market-and-forecast-to-2021-300391470.html

SOURCE ReportBuyer

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