DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hppvtc/global_smart) has announced the addition of the "Global Smart Wearable Lifestyle Devices and Services Market 2015-2019" report to their offering.
The analysts forecast the Global Smart Wearable Lifestyle Devices market to grow at a CAGR of 35.14% over the period 2014-2019. The Global Smart Wearable Lifestyle Services market to grow at a CAGR of 39.06% over the period 2015-2019
The Global Smart Wearable Lifestyle Devices and Services market is divided into two categories: devices and services. The Global Smart Wearable Lifestyle Devices market is further sub-segmented on the basis of usage into Fitness and Lifestyle Devices, Smartwatch Devices, Smartglass Devices, and Others.
These devices are portable and perform functions similar to that of smartphones and tablets. Important functions of these devices include messaging, call handling, real-time fitness monitoring, heart-rate monitoring, sleep statistics, calorie count, gym training, monitoring and tracking daily activities, monitoring activities of babies, providing valuable health insights, streaming videos, playing virtual/3D games, image sharing, and entertainment.
There are immense opportunities are available for vendors to improve on their R&D work and foster more technological innovations in this space. Some of the recently developed technologies include augmented reality and gesture recognition. The augmented reality technology provides the consumers with live information on various activities and helps them to project images at high resolution; it also allows users to manipulate 3D objects. The gesture recognition technology provides an effective man-to-machine interface that helps interpret human gestures.
According to the report, the increase in demand for wearable lifestyle devices worldwide is one of the major drivers of the market. Growth in urbanization has triggered changes in lifestyles of consumers worldwide. People use wearable devices such as smart watches, wrist bands, and rings to monitor daily fitness and health, listen to music, stream virtual/3D videos, play virtual games, and access social networking websites such as Facebook, LinkedIn, and Twitter through wearable screens. These devices have enhanced the lifestyles of end-users considerably.
Further, the report states that concerns among people on the privacy and security of their sensitive data have increased over the years. Smart wearable lifestyle devices are small in size, but they store sensitive information of end-users. The possibility of these devices being misplaced or lost is high because of their small size.
- Jawbone (Aliph)
- LG Electronics
- Samsung Electronics
Vendors to Watch Out
- Game Golf
- Thalmic Labs
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