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The Wearable Technology Ecosystem: 2015 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals and ForecastsNEW YORK, May 6, 2015 /PRNewswire/ -- While wearable technology has been utilized in vertical sectors such as the military and healthcare for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community. Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream. - Wearable application ecosystem revenue - Wearable driven wireless carrier service revenue - Vertical Submarkets Consumer Healthcare Professional Sports Retail & Hospitality Military Public Safety Others - Form Factor Submarkets Smart Bands Smart Watches Smart Glasses Smart Clothing Smart Jewelry Heads-up Displays Others - Regional Markets Asia Pacific Eastern Europe Latin & Central America Middle East & Africa North America Western Europe - Country Markets 73 Country level markets: Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam Key Questions Answered: The report provides answers to the following key questions: - How big is the wearable technology ecosystem? - How is the ecosystem evolving by segment and region? - What will the market size be in 2020 and at what rate will it grow? - What trends, challenges and barriers are influencing its growth? - Who are the key wearable device vendors and what are their strategies? - How much are vertical enterprises investing in wearable devices? - What opportunities exist for wireless chipset suppliers in the wearable technology ecosystem? - How can wireless carriers capitalize on the growing popularity of smart watches, fitness bands, smart glasses and other wearable devices? - Which countries, regions and verticals will see the highest percentage of wearable device shipments? - Which sports category will see the highest level of wearable technology integration? - How big is the wearable applications ecosystem? Key Findings: The report has the following key findings: - By 2016, wearable device OEMs will pocket nearly $30 Billion from device shipment revenues - SNS Research estimates that fitness and sports centric wearable device shipments are expected to grow at a CAGR of 28% over the next 5 years, eventually accounting for 80 Million device shipments by the end of 2020 - Wireless carriers are increasingly integrating wearable devices within their M2M and IoT strategies - Wearable devices will help wireless carriers drive over $71 Billion in additional service revenue by the end of 2020, following a CAGR of nearly 80% between 2015 and 2020 - The wearable applications ecosystem will account for nearly $2 Billion in revenue by the end of 2016 - Driven by ongoing innovation and crowdfunding campaigns, SNS Research estimates that investors will pour over $1 Billion into wearable technology startups in 2015 - The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs - Nearly 50% of all wearable devices shipped in 2020 will support embedded cellular connectivity. This represents a $1.1 Billion opportunity for wireless chipset suppliers Read the full report: http://www.reportlinker.com/p02912607-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-wearable-technology-ecosystem-2015--2030---opportunities-challenges-strategies-industry-verticals-and-forecasts-300078951.html SOURCE Reportlinker |