|By PR Newswire||
|August 21, 2014 05:37 AM EDT||
WASHINGTON, NEW YORK and LONDON, Aug. 21, 2014 /PRNewswire/ -- As a leading provider of market research, MarketResearch.com is pleased to announce the distribution of a new Signals and Systems Telecom Research report finding wearable device shipments to account for $57 billion in revenue by 2020.
SNS Telecom's new report, "Wearable Technology Ecosystem: 2014 – 2020 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" explores the wearable technology industry, which for many years has been utilized in vertical sectors, such as military and healthcare, but ongoing advances have pushed a major resurgence of the concept, especially among the consumer community. Because of this new interest, SNS research estimates that by 2015, wearable device shipments will surpass 90 million and will account for nearly $20 billion in revenue. The market is also expected to grow at a CAGR of about 40% within the next 6 years. And, by the end of 2020, wearable device shipments will surpass 340 Million and account for nearly $57 Billion in revenue.
To learn more about the wearable technology industry: http://www.marketresearch.com/land/product.asp?productid=8336788&progid=86563
SNS Research estimates high growth revenue for the wearable devices market due to consumer's spiking interest in the interconnectivity of healthcare fitness, messaging and socialization that the devices offer. Companies, such as smartphone OEMs, wireless carriers, health insurers and retailers, are all working to get involved in the industry, all vying for a stake in the market. As technology continues to experiment with miniaturization, wearable devices will move into the mass market in a diverse variety of forms, ranging from glasses to jewelry.
This report offers an in-depth analysis of the wearable technology ecosystem, including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2014 through to 2020. The forecasts are further segmented for 7 device form factor submarkets, 6 vertical markets, 6 regions and 73 countries.
Some of the key questions answered in this report include:
- How big is the wearable technology ecosystem?
- 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?
- What opportunities exist for wireless chipset suppliers in the wearable technology ecosystem?
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.
About Signals and Systems Telecom Research
Signals and Systems Telecom provides market intelligence and turnkey outsourcing services covering the telecommunications industry sector. Developed by leading industry analysts, their market forecast reports provide unique insights to the global telecommunication industry with information ranging from niche details of handset models to tracking of large network infrastructure contracts and cellular network operator metrics. Whether your focus is strategic planning, development, or marketing SNS Telecom's reports allow you to make better decisions with self-assurance.
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