TMCnet News
Wearables Market in the US 2021-2026, Growing Preference For Wearables Electronic Devices for Payment to Boost Market Growth - TechnavioNEW YORK, Aug. 8, 2022 /PRNewswire/ -- The "Wearables Market in US" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the wearables market in the US between 2021 and 2026 is USD 6.85 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst. Key Market Dynamics:
The increased desire for wearable electronic devices for payment is one of the major drivers fueling the wearables industry expansion in the US. To enable contactless payment by a simple tap and pay via a POS (point of sale) terminal, manufacturers of wearable electronic gadgets are implementing Near-field communication (NFC) technology as a standard in most devices. The growing acceptance of contactless payment in the US is responsible for this method's rising popularity. Although factors such as increasing concerns over data security and privacy may impede the market growth To learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample Report right now! The wearables market in the US is segmented by Product (Smartwatches, Wireless headphones, HMDs, Smart bands, and Others) and Distribution Channel (Online and Offline). The smartwatch sector will significantly increase its wearables market share in the US. The rise in demand for smartwatches in developing nations like China, South Korea, and India is ascribed to a significant improvement in consumer choices and lifestyles, particularly among the middle-class population.
Download the sample report for additional insights into the contribution of all the segments, and regional opportunities in the report. Some Companies Mentioned with their Offerings The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Related Reports: Cloud Managed Services Market by End-user and Geography - Forecast and Analysis 2022-2026: The cloud-managed services market share is expected to increase to USD 52.62 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.37%. Crypto Wallet Market by Service and Geography - Forecast and Analysis 2022-2026: The crypto wallet market share is expected to increase to USD 686.05 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.19%.
Browse for Technavio "Information Technology" Research Reports Table of Contents Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/wearables-market-in-the-us-2021-2026-growing-preference-for-wearables-electronic-devices-for-payment-to-boost-market-growth---technavio-301600706.html SOURCE Technavio |