LONDON--(BUSINESS WIRE)--TechNavio has announced the publication of a new market research report on the Global Smart Wearable Fitness and Sports Devices and Services Market, which is expected to grow at CAGRs of 25.38 percent (devices) and 29.90 percent (services) from 2014-2019.
About the Report
According to the latest report by TechNavio, advances in technology and increasing health concerns have upped the demand for fitness devices with modern features. Smart wearable devices help consumers track fitness activity on a regular basis, which can help in avoiding health issues like obesity and heart disease.
“In developed regions like North America and Western Europe, the demand for the smart wearable fitness and sports devices has increased in recent years,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also emphasizes the increased use of wearable devices in sports analytics. The technology and software used in smart wearable devices helps with critical decision-making processes in various sports, as they can monitor speed, distance covered as well as breathing and heart rate of athletes.
“The increased usage of smart devices in sports analytics can go a long way towards improving athletic performance, which is boosting demand for these devices in the market,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
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Market Growth Drivers:
- Growing Popularity of Wearable Fitness Devices
- For a full detailed list, view our report.
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Market Challenges:
- Privacy and Security of Data
- For a full detailed list, view our report.
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Market Trends:
- Increased Use of Wearable Devices in Sports Analytics
- For a full detailed list, view our report.
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Key Vendors:
- Adidas AG
- Apple Inc.
- Fitbit Inc.
- Garmin Ltd.
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Other Vendors:
- AT&T Corp.
- EE Ltd.
- Sprint Corp.
- Telefonica SA
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the smart wearable devices market:
- Global Consumer Smart Wearable Technology Market 2014-2018
- Global Connected Wearable Devices Market 2014-2018
If you are interested in more information, please contact our media team at media@technavio.com.
