Global Wearable Fitness Trackers Market: Overview
Increasing demand for continuous health monitoring devices and growing requirement for fitness tracking apps is likely to influence growth of the global wearable fitness trackers market. A surging prevalence of obesity and rising disposable income too are other major factors expected to trigger growth in the market in near future.
On the other hand, high costs of products and data tampering risks is likely to limit growth of the global wearable fitness trackers market during the forecast period from 2017 to 2024.
The prominent players operating in the global wearable fitness trackers market are:
Motiv Inc., Sony Corporation, Sensoria Inc., Xiaomi Inc., Garmin Ltd., Apple Inc., and Tom Tom International BV.
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Based on channel of distribution, indirect distribution channel is likely to hold maximum share in the global market. This is mainly due to growing customer preference for online shopping across the globe.
The report provides brief analysis about the global wearable fitness trackers market along with a thorough segmental and regional analysis.
Global Wearable Fitness Trackers Market: Trends and Opportunities
The increasing awareness about the obesity and rising preference for online store due to increasing demand for fitness app device is likely to be key drivers influencing growth of the global wearable fitness trackers market. In addition, growing trend for wearable technology is expected to boost growth in this market. The growing preference by the geriatric population for frequently requirement for tracking the health status is likely to fuel the global wearable fitness trackers market in coming years. Moreover, the rising healthcare spending due to growing disposable income is another trend likely to drive growth of the global wearable fitness trackers market in upcoming years.
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Many of these devices are equipped with highly interactive features. Along with these features, the presence of high-end tracking systems present in these devices are majorly boosting growth in the global wearable fitness trackers market in foreseeable future. An increasing trend for development of Internet of Things (IoT)-based systems is another trend fueling growth of this market. Moreover, there is continues demand for the wireless health monitoring device among the elderly population and the related disease among the same age group. For instance diabetes requires continuous monitoring device and this likely to stimulating demand for the wearable fitness trackers across the globe.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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