The rising pool of tech-savvy population has greatly contributed to the globally expanding market for wearable computing devices.
The evolution of technology in the last couple of years has resulted in astounding innovations, and wearable computing devices are one such product designed to make our lives simpler and enhance human-to-computer interaction.
These are compact devices that are either strapped to or carried on a user’s body.
The avant-garde design of wearable computing devices ameliorates the virtual world of communication by eliminating the constraints common to bulky computing devices.
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Factors Impacting the Wearable Computing Devices Market:
Growing Popularity of Apple Watch and Google Glass to Boost Market
The global market at present is broken down into three main categories of wearable computing devices, namely smart fitness devices, smart textiles, and smart accessories. Of these, smart accessories have managed to create ripples around the world, although they haven’t gained mass recognition yet.
Smart Watches Expected to Emerge as Most Demanded Accessory
Smartwatches have been around for a while, but arguably didn’t manage to reach the zenith where they could be identified as a mass consumer product.
However, the industry is expecting smartwatches to soon emerge as one of the most coveted accessories among men and women alike.
This indicates robust growth prospects for fitness watches and fitness bands.
These gadgets are designed aesthetically to suit the lifestyle choices of the sophisticated urban demographic, apart from which they are also user-friendly. Internet facilities in these smartwatches can be easily derived from WiFi, Bluetooth, and other cellular package data.
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Perception of Smart Gear as Fashion Accessory to Suppress the Market
Despite registering an incessant growth in the last couple of years, the high cost of wearable computing devices makes it suitable only for a small niche of the population. Moreover, consumers often perceive these devices as fashion accessories with limited features.
Such factors are likely to suppress the wearable computing devices market if not addressed immediately.
Another limitation with regard to the operability of wearable computing devices such as smartwatches is that it can function only in conjunction with other handheld devices such as smartphones and tablets.
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Table of Contents:
1. Global Wearable Computing Devices Market - Executive Summary
1.1. Research Methodology
1.2. Assumptions
1.3. Acronyms Used
2. Global Wearable Computing Devices Market Overview
2.1. Introduction
2.1.1. Evolution of Wearable Computing
2.1.2. Wearable Computing Devices
2.1.3. Market Trends and Future Outlook
3. Global Wearable Computing Devices Market Analysis and Forecast
3.1. Global Wearable Computing Devices Market Size (US $ Mn) Y-o-Y Growth (%), 2014 – 2020
3.2. Global Wearable Computing Devices Market, by Volume, 2013- 2020 (Mn Units)
3.3. Global Wearable Computing Devices Market Absolute $ Opportunity, 2013 – 2020 (US $ Mn)
4. Market Dynamics
4.1. Drivers
4.1.1. Economic
4.1.2. Supply
4.1.3. Demand
4.2. Restraints
4.3. Value Chain
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