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Global Smart Wearable Entertainment Devices and Services Market Will Boom with Growing Use of Smart Glasses for Entertainment and Gaming: TechnavioTechnavio analysts forecast the global smart wearable entertainment devices and services market to grow at a CAGR of 22.64% and 22.35% respectively, during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global smart wearable entertainment devices and services market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. It includes vendors across all geographical regions. The top vendors in the smart wearable entertainment devices market are Apple, Garmin, Google, Samsung, and Sony. Likewise, AT&T (News - Alert), EE, Sprint, and Telefónica are the leading vendors for smart wearable entertainment services. Technavio ICT analysts highlight the following four factors that are contributing to the growth of the global smart wearable entertainment devices and services market:
Growing popularity of entertainment devices among youth The popularity of entertainment and gaming devices that provide a real-time virtual experience has increased over the years. These devices enable virtual 3D movies and HD gaming experience. The adoption of these devices is high among the age group of 18-24. The smart wearable entertainment devices provide easy access to movies and games on wearable screens. Devices such as Oculus Rift, iTVGoggles, and Sony's head-mounted display, HMZ-T3, use virtual reality technology to provide real-time music, video streaming, and video gaming experience to users. Therefore, the increased adaptability of these entertainment devices has increased the growth of the market. Augmented use of smart glasses for entertainment and gaming Smart glasses are portable devices that provide real-time entertainment and gaming experiences to end-users. These glasses enable users to capture 3D images, stream virtual videos, and enhance their virtual gaming experience. Google Glass provides a platform for consumers to share their videos and pictures on social networking websites such as Facebook and Twitter (News - Alert) with the help of pre-installed apps. It also provides Google maps. In the words of Rakesh Kumar Panda, a lead analyst at Technavio for M2M and connected devices research, "The adoption of smart glasses is high in North America and Western Europe. However, the deployment of high-speed internet connections will increase the demand for smart glasses in the emerging regions. Google (News - Alert) Glass and Epson Moverio BT-200 figure among the smart glasses commonly used by end-users to enhance their overall entertainment and gaming experience." Increased focus on R&D activities The market is highly competitive with several leading vendors providing a wide range of innovative products at competitive prices. Various companies are investing heavily in R&D to provide innovative offerings to increase their market share and remain competitive in the market. The smart wearable devices function with the latest technologies such as gesture recognition and augmented reality. Devices such as Fin, Ring, Kapture, and Myo are some of the products equipped with modern features. Fin is a smart wearable device worn on the thumb; its functioning is based on finger gestures. Vert (News - Alert), Babolat play, and D3o are some of the innovative products listed in the International Consumer Electronics Show 2015. Vert is a wearable device specially designed to improve the jumping capability of athletes. Babolat play is a tennis racket used to record information such as total and effective play time, technique, power, and consistency of the player. Strategic alliances by smart wearable providers Many established telecommunication providers are collaborating with smart wearable device providers to support and boost the development of wearable device technology, driving the growing demand for smart wearable entertainment devices worldwide. Telecom providers aim to integrate the services offered by them with smart wearable devices to provide innovative offerings at competitive prices. Such offerings not only increase the demand for these products in the market but also help the telecom and device providers expand their market base. Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160823005093/en/ |
