World Market for Wearable Devices, Set to Reach $62.82 Billion by 2025 - Increasing Penetration of IoT & Related Devices Drives Market Growth
DUBLIN, Dec. 13, 2019 /PRNewswire/ -- The "Wearable Devices Market by Product Type (Smartwatch, Earwear, Eyewear, and others), End-Use Industry (Consumer Electronics, Healthcare, Enterprise and Industrial, Media and Entertainment), Connectivity Medium, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global wearable devices market is expected to grow at a CAGR of 11.3% from 2019 to 2025 to reach $62.82 billion by 2025.
An in-depth analysis of the geographical scenario of the market provides detailed qualitative and quantitative insights about the five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2019, North America region is estimated to command the largest share of the global wearable devices market followed by Europe and Asia Pacific. The large share in this region is mainly attributed to high consumer awareness and greater adoption of advanced wearable technologies in this region as compared to other geographic markets. Availability of developed internet infrastructure and presence of majority of established wearable devices market players and start-ups also supports the greater proliferation of wearable devices in North America.
The major players operating in the global wearable devices market are Apple Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Garmin Ltd. (U.S.), Huawei Technologies Co., Ltd (U.S.), Fitbit, Inc. (U.S.), LG Electronics (South Korea), among others.
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For more information about this report visit https://www.researchandmarkets.com/r/xf2w6w
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