Published On : 03 Oct 2016
QYResearchReports.com has announced the addition of a new report, titled “Global Wearable Computer Market Research Report 2016” to its repository. The report gauges the spread of the wearable computing technology across the world, and the factors influencing its growth. To present an executive-level blueprint, profiles of the leading companies operating in the market are included as well. The strategies adopted by these companies are elaborated upon and their influence on the market’s trajectory is evaluated.
Intended to update the stakeholders about the prevailing trends in the market and its future, the report presents insights into the growth drivers and restraints shaping the market’s trajectory. For the purpose of the study, the global wearable computer market has been segmented based on various parameters. The aspects influencing growth of the market across these segments have been identified and elaborated upon.
Regionally, Europe and North America hold dominance in the global wearable computer market. The increasing awareness among people towards the recent technologies has boosted the adoption rate of wearable computers among buyers across developed regions. The U.S. currently is at the fore of providing opportunities for the vendors of wearable computer devices. In Europe, Spain, Germany, and the U.K., are the most lucrative markets for wearable computer devices. However, the report forecasts the market in Asia Pacific to show higher rate of growth in the next five years due to the accelerating investment in the ICT sector in the region. India and China are expected to emerge as the leading markets for wearable computers in Asia Pacific.
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Wearable computers are integrated with advanced features, which is a key factor boosting their demand worldwide. For instance, consumers across the world are often attracted by the lightweight design and the data monitoring applications of wearable computer. Additionally, the market is also expected to gain impetus from the technological advancements in the information and technology and material sciences.
Despite witnessing positive growth worldwide, privacy concerns related to wearable computers and high cost of these devices are restraining the market to an extent. Additionally, these devices often lack enough capability of storing back-ups, which is a primary factor restraining their widespread adoption.
To study the competition prevailing in the market, the report also profiles companies such as Weartech, GoPro, Contour, Himax Technology, NanoSonic, Zephyr Technology Corporation, Invensense Inc., Textronics, CSR plc., Silicon Micro Display, Apple Inc., Casio Computer Company Ltd., Siemens Healthcare, Ascension Technology Corporation, Smart Life Technology Co., Ltd., AiQ Smart Clothing Inc., Carl Zeiss Inc., GE Healthcare, Medtronic Inc., and Samsung Electronics.
The report evaluates in detail, the strategies adopted by these companies and their impact on the global wearable computer market. Using industry-leading analytical tools the strengths and weaknesses of these enterprises have been analyzed. The report also provides an overview of opportunities and threats for the market in the near future.