Global Wearable Technology Market Share and Forecast

The performance of wearable technology applications across different geographical regions namely, North America, Europe, Asia and RoW (Rest of the World) has also been covered in this report.


Albany, NY -- (SBWIRE) -- 07/24/2017 -- FMI study offers a 5-year forecast for the global connected game console market between 2015 and 2020. The market is expected to register a CAGR of 11.5% during the projected period. The study demonstrates the market dynamics and trends in all the seven region which influence the current nature and future status of connected game console over the forecast period.

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This Future Market Insights report examines the 'Global Connected Game Console Market' for the period 2015 - 2020. The primary objective of the report is to offer updates on the advancements in ICT and embedded systems that have given rise to a futuristic technology: the connected game console, which is significantly transforming consumer gaming experience.

Connected game console is basically a game console which can be connected to the internet thus enhancing its features. Connected game console offer features like downloading games directly from a library source, access a variety of applications, stream various media such as movies, music and videos and play online games. Connected game console can be segmented into connected console and service.

In the next section, FMI covers the connected game console market performance in terms of global connected game console revenue split, since this is detrimental to growth of the connected game console market. This section additionally includes FMI's analyses of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing the connected game console market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the connected game console report to better equip and arm clients with crystal clear decision-making insights.

As highlighted earlier, connected game console is an aggregation of connected console (includes standalone console and handheld console) and service (prepaid service and other direct service). All these sub-segments are included in this section to make the study more comprehensive.

The next section of the report highlights connected game console adoption by regions. It provides a market outlook for 2015–2020 and sets the forecast within the context of the connected game console ecosystem. This study discusses the key regional trends contributing to growth of the connected game console market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan as a separate region, Middle East and Africa.

All the above sections, by services or by regions, evaluate the present scenario and the growth prospects of the connected game console market for the period 2015 - 2020. We have considered 2014 as the base year and provide data for the trailing 12 months.  

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To calculate the connected game console market size, we have considered revenue generated from the sale of connected game consoles and adoption of services. The forecast presented here assesses the total revenue by value across the connected game console market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the connected game console market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various connected game console segments, and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the connected game console market. 

As previously highlighted, the connected game console market is split into a number of sub segment. All the connected game console sub segment in terms of services and regions are analysed in terms of Basis Point Share (BPS) to understand individual segments' relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the connected game console market.   

Also, another key feature of this report is the analysis of all key connected game console segments, sub-segments and regional adoption and revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the connected game console market.  

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Furthermore, to understand key growth segments in terms of growth & adoption of connected game console across regions, Future Market Insights developed the connected game console Market Attractiveness Index. The resulting index should help providers identify real market opportunities. 

In the final section of the report, connected game console competitive landscape is included to provide report audiences with a Dashboard view, based on categories of provider in the value chain, presence in connected game console product portfolio and key differentiators. Key categories of providers covered in the report are connected game console providers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the connected game console value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the connected game console marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the connected game console space. Key competitors covered are Microsoft Corporation, Sony Corporation, Nintendo Co. Ltd and Nvidia Corporation.

Key Segments Covered

By connected game console 
Connected Console
Standalone Console
Handheld Console
Prepaid Service
Other Direct Service

Key Regions/Countries Covered

North America
Latin America
Western Europe
Eastern Europe
Asia-Pacific Excluding Japan (APEJ)
Middle East & Africa

Key Companies

Microsoft Corporation
Sony Corporation
Nintendo Co. Ltd 
NVIDIA Corporation

This report covers the global wearable technology market size and forecast from 2012 to 2018 along with their application in different end-use segments such as wellness and fitness, healthcare and medical, infotainment, industrial and military. The performance of wearable technology applications across different geographical regions namely, North America, Europe, Asia and RoW (Rest of the World) has also been covered in this report.

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The wearable technology market has been segmented in this report by product type, by end-use segments and by geography. We have covered the four end-use segments of the wearable technology products namely, fitness and wellness, infotainment, healthcare and medical, and industrial and military. The fitness and wellness segment comprises products like smart clothing and smart sensors, activity monitors, sleep sensors and others, whereas the Infotainment sector consists of products like smart watches, heads-up displays, smart glasses and others. The products like continuous glucose monitor, drug delivery, monitors, wearable patches and others have been covered under healthcare and medical segment and products like hand worn terminals, augmented reality headsets and others have been mentioned under industrial and military segment.

The estimates and forecast along with detailed analysis of these products have been provided in this report. The drivers, restraints and opportunities (market dynamics) with reference to wearable technology market have been covered in detail. The report also contains the impact analysis of the drivers and restraints and this would serve as a strategic tool for making informed decisions.

The company profiles of major players namely Medtronic, Adidas, Abbott, Nike, Eurotech, Garmin International Inc., Sony, Suunto, Google and Zephyr have been included in this report. Our company profiles provide company overview, business overview and strategy adopted by companies, financial overview, and their recent developments which will be helpful in assessing the competition in the market.

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We have used secondary research for deriving our market numbers for each segment of the research report and further validated our analysis with C-level executives of major companies operating in the wearable technology market through means of primary research to finally come up with our results. This research is specially designed to estimate and analyze the performance of wearable technology in a global scenario. The research provides in-depth analysis of wearable technology, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the global wearable technology market as below:

Wearable technology market segmentation

Fitness and Wellness

Smart clothing and smart sports glasses
Activity monitors
Sleep sensors

Smart watches
Augmented reality headsets
Smart glasses
Healthcare and Medical

Continuous Glucose Monitor
Drug delivery
Wearable patches
Industrial and Military

Hand worn terminals
Augmented reality headsets

The geographies covered in this report include 

North America
Asia Pacific
Rest of the World (RoW).

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