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Wearable Technology Ecosystem Market Is Further Expected to Grow at CAGR of Nearly 40% by 2020

Market Research Store releases a new market research report "Global Wearable Technology Ecosystem Market 2014 Forecast to Industry Size, Shares, Strategies, Trends, and Growth 2020" to add to its collection of research reports.

 

Deerfield Beach, FL -- (SBWIRE) -- 10/21/2015 -- While wearable technology has been utilized in vertical sectors such as the military and healthcare for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community.

Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream. With the continued miniaturization of enabling technologies, wearable devices market have hit the mass in a diverse variety of form factors, ranging from glasses to even jewelry.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, wireless carriers, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.

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SNS Research estimates that by 2015, wearable devices shipments will surpass 90 Million, and will account for nearly $20 Billion in revenue. The market is further expected to grow at a CAGR of nearly 40% over the next six years.

The "Wearable Technology Ecosystem: 2014 – 2020 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2014 through to 2020. The forecasts are further segmented for 7 device form factor submarkets, 6 vertical markets, 6 regions and 73 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report."
Topics Covered
The report covers the following topics:
Wearable technology ecosystem
Market drivers and barriers
Enabling technology for wearable devices
Prospects of standardization and regulation for wearable technology
Wearable technology industry roadmap and value chain
Assessment of vertical market opportunities and use cases for consumer, healthcare, retail & hospitality, military, public safety and 8 other verticals
Case studies of wearable technology deployments
Company profiles and strategies of 276 wearable technology ecosystem players
Wearable device vendor market share
Prospects of smartphone OEMs in the wearable technology ecosystem Market
LTE Direct and its impact on wearable technology
Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and wireless carriers
Market analysis and forecasts from 2014 till 2020

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