Wearable Device Sector to Grow at Around 40% CAGR Through 2020, Says Signals and Systems Telecom in Its New Study Published at MarketPublishers.com - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Wearable Device Sector to Grow at Around 40% CAGR Through 2020, Says Signals and Systems Telecom in Its New Study Published at MarketPublishers.com

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New research study The Wearable Technology Ecosystem: 2014 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts worked out by Signals and Systems Telecom is now available at MarketPublishers.com. According to the report, the wearable device sector is projected to grow at a CAGR of around 40% in the next 6 years.

London, UK (PRWEB) August 19, 2014

Driven by the ability to interconnect with key modern trends of fitness, healthcare, messaging and socialisation, the wearable technology ecosystem is sparking a very high level of interest. Companies as diverse as mobile carriers, smartphone OEMs, health insurers and retailers are circling the ecosystem along with tiny start-ups, all competing for a stake. By 2015, wearable devices are forecast to generate close to USD 20 billion in global revenue on unit shipments totaling 90 million. Over the next 6 years, the sector is projected to grow at a CAGR of around 40%.

The rise of smartphones is widely deemed to be a major driving factor lying behind wearable technology. As of 2014, the total installed base for smartphones stands at over 2.4 billion, demonstrating global penetration of close to 35%, with the latter expected to increase to over 60% by 2020-end. Having hit the mass market, smartphones often serve as the wireless connectivity hub for the majority of wearable devices. Diverse wearable form factors like smart glasses or smart watches are thus widely known as companion devices for smartphones. By offloading processing and connectivity onto a smartphone, the price of a wearable device is significantly cheaper, even more so taking into consideration the cost of sensors continues to decline.

New research study The Wearable Technology Ecosystem: 2014 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts worked out by Signals and Systems Telecom is now available at MarketPublishers.com.

Report Details:

Title: The Wearable Technology Ecosystem: 2014 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
Published: August, 2014
Pages: 383
Price: US$ 2,500.00
http://marketpublishers.com/report/technologies_electronics/telecommunications/wearable-technology-ecosystem-2014-2020-opportunities-challenges-strategies-industry-verticals-n-forecasts.html

The study presents an in-depth analysis of the world wearable technology market landscape, covering key market challenges, drivers, investment opportunities, vertical and consumer market prospects, different use cases, value chain, future roadmap, best case studies, vendors market shares and major strategies. Additionally, the research report contains forecasts for wearable device shipments and revenues during 2014-2020, which are segmented further for 7 device form factors sub-markets, 6 vertical markets, 6 regions and 73 countries.

Report Highlights:

  •     Detailed overview of wearable technology.
  •     Insights into vertical opportunities alongside use cases.
  •     Wearable technology industry roadmap and value chain analysis.
  •     Comprehensive market assessment plus forecasts, including global outlook of wearable technology, as well as detailed market segmentation based on form factor, vertical, and geography.
  •     Details of the top 276 market players.
  •     Conclusions and strategic recommendations.

    More new market research reports by the publisher can be found at Signals and Systems Telecom page.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12104528.htm

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