MRO Magazine

Research and Markets: Wearable Technology Market CAGR to Grow at 30% over Five Year Period – Comprehensive Market Report 2015 – 2030


November 26, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/f3jck9/the_wearable) has announced the addition of SNS Research’s new report “The Wearable Technology Ecosystem: 2015 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts” to their offering.

By 2016 it is estimated that wearable device shipments will surpass 140 Million and will account for nearly $30 Billion in revenue. The market is further expected to grow at a CAGR of 30% over the next five years.

The “*Wearable Technology Ecosystem: 2015 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts*” report presents an in-depth assessment 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 2015 through to 2030. The forecasts are further segmented for 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.

Key Topics Covered:

  • Wearable technology ecosystem
  • Market drivers and barriers
  • Enabling technologies for wearable devices
  • Prospects of standardization and regulation for wearable technology
  • Wearable technology industry roadmap and value chain
  • Assessment of vertical market opportunities and use cases for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other verticals
  • Case studies of wearable technology deployments
  • Company profiles and strategies of over 360 wearable technology ecosystem players
  • Wearable device vendor market share
  • Wearable device operating systems
  • Prospects of smartphone OEMs and wireless chipset suppliers in the wearable technology ecosystem
  • LTE Direct and its impact on wearable technology
  • Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and wireless carriers
  • Market analysis and forecasts from 2015 till 2030

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
  • 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

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: An Overview of Wearable Technology

Chapter 3: Vertical Opportunities & Use Cases

Chapter 4: Industry Roadmap & Value Chain

Chapter 5: Market Analysis & Forecasts

Chapter 6: Key Market Players

Chapter 7: Conclusion & Strategic Recommendations

For more information visit http://www.researchandmarkets.com/research/f3jck9/the_wearable

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Wearable Technology