India Smart Wearables Market to Demonstrate Rapid Growth, Expects Bonafide in Its Report Published at MarketPublishers.com08 Aug 2016 • by Natalie Aster
LONDON – The market for wearable devices has grown quickly over the recent years due to a number of factors, such as advancements in material sciences, electronics, and more.
Growing interest for such devices in different sectors like healthcare and defense is set to become the key driving force for this market.
This market is forecast to grow at a CAGR of more than 43% in India alone.
IoT is expected to become one of major forces having direct impact on sales in the wearable devices space.
As a result, revenues generated from sales of wearable devices are set to be worth just under USD 18.8 billion in 2016.
Healthcare and fitness currently dominate the marketplace in terms of applications.
In India, fitness trainers represent main target customers for such devices. Key companies in the local space include: Samsung, Fitbit and Sony, to name a few. All these companies are expected to see strong growth in terms of revenue in the years to come.
In-demand research report “India Smart Wearables Market Outlook, 2021” drawn up by Bonafide Research & Marketing Pvt. Ltd. offers an in-depth analysis of the global market for smart wearables, with special attention paid to India.
The study provides an insightful overview of this evolving marketplace. It estimates sizing of this market and focuses on performance of all segments. It also delves deep into the performance of the Indian marketplace.
The report contains a PEST analysis of this market. The research study casts light on dynamics of the marketplace and delves deep into trends as well as developments in the smart wearables space.
Company profiles, strategic recommendations along with forecast figures are on hand in the research report, too.
- all-round overview of the global market, with a special focus made on India;
- coverage of trends, developments and dynamics;
- insights into the competitive environment;
- examination of all segments of this marketplace;
- future outlook;
- and more.
More cutting-edge studies by the publisher are available at Bonafide page.