Market Analysis on Devices Market
Albany, NY (PRWEB) December 30, 2014
The report on “Devices for the Wrist: Ecosystems Crucial to Growth of Connected Watches and Bands” provides in-depth details about the nascent wrist-worn wearable technology opportunity in the market and helps executives develop effective business partnerships, make informed investment decisions in their careers, and optimize return on investments effectively. The report is based on the Pyramid’s analysis that states despite several decades of false-starts within the technology space, wrist-worn technology is becoming an enormous attraction globally. Different wrist-worn devices such as smart wristbands and smart watches have grown by nearly sevenfold during 2014, with more than threefold growth expected in 2015.
Browse report with table of contents at: http://www.researchmoz.us/devices-for-the-wrist-ecosystems-crucial-to-growth-of-connected-watches-and-bands-report.html
This report highlights the key drivers of the market, market opportunity and how and why the product category is ready to develop. It also provides a global forecast of the devices for the wrist market based on an industry survey, analysis of the ecosystem, various products found on the market, and many other factors. An end-user panel based on Pyramid Research's deep understanding of the mobile communications industry is also discussed in detail. The report is a comprehensive guide to understanding the forecasts of this market including wireless-connected devices, wrist-worn devices, and further segmentations such as bands and watches, as well as segment for cellular connected devices.
New applications, technology developments, the availability of well-designed and easy-to-function wrist watch devices, and high smartphone penetration rates leading to compatibility with devices for the wrist are major growth drivers for this market.
The study report also provides 5-year projections for revenue and shipments by device segment and global installed base. With over 70 models and a global survey of over 200 key industry players – the report covers all the information about the mobile industry forecasts and end-user research across many Western European countries.
Nevertheless, by the end of 2019, shipments are projected to grow by 13-fold from the present figures in 2014. The growth in the devices for the wrist market will be more than 10% of the global population that will consume and wear different types of connected wrist-worn devices. At the same time, reasonably priced wrist-watch devices will drive the overall market as component and chipset prices will drop in the global market. Also, cost of connected watch bands are expected to witness a dramatic fall due to new business models being established in this competitive market.
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