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Global Smartwatch Market 2016-2020: Several Vendors have Taken the Crowdfunding Route to Raise Funds for their ProjectsDUBLIN, Jan. 4, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/f6k4jw/global_smartwatch) has announced the addition of the "Global Smartwatch Market 2016-2020" report to their offering. The global smartwatch market to grow at an impressive CAGR of approximately 12% by 2020. The global market for smartwatches is extremely competitive and is primarily dominated by large global players like Apple and Samsung. To gain traction in this market, many vendors are now forming strategic partnerships with other industry players to attract new customers to the wearable market. Since this market is still in its growth stage, many new players are expected to enter the market as it has a huge growth potential. In this market research report, analysts have estimated the Americas to dominate the global market for smartwatches during the projected period. This region presently accounts for more than 68% of the total market share and is envisaged to retain its dominating hold over the market during the forecast period owing to factors like rapid advances in technology and changing consumer preferences over the usage of electronic devices. Several vendors in global smartwatch market have taken the crowdfunding route to raise funds for their projects. This has benefitted the market in several ways. First, it has increased awareness among potential customers. Second, it has provided enormous opportunities for small vendors to innovate and succeed in the stiff competition. Crowdfunding allows vendors to anticipate the interest for their products and directly communicate with potential buyers and involve them in the product development stage. This helps vendors build the right products for the market.
Other prominent vendors in the market include
Key Topics Covered: Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smartwatch-market-2016-2020-several-vendors-have-taken-the-crowdfunding-route-to-raise-funds-for-their-projects-300198670.html SOURCE Research and Markets |