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(I-SoftwareNews.Com, July 30, 2016 ) In the last few years’ global wearable technology market have experienced a significant growth in its acceptance across different verticals like health and fitness, medical, media and entertainment, fashion and lifestyle and others to name a few. Wearable technology has also evolved tremendously in the last few years and companies are aggressively launching innovative products and solutions like smart clothing, smart glasses, attracting mass adoption among individuals and enterprises.
According to the new Market research study published by The Insight Partners, The Global Wearable Technology Market was estimated at US $26.19 billion in 2015. This market is expected to grow at a CAGR of 20.8% between 2016 and 2025, to reach US $170.91 Billion in 2025.
Browse market data tables and in-depth TOC of the Wearable Technology Market to 2025 @ http://theinsightpartners.com/reports/wearable-technology-market
The global wearable technology market has been segmented on the basis of product into smart clothing & smart glasses, smart watches, sleep sensors, activity monitors, augmented reality (AR) headsets, continuous glucose monitor (CGM), drug delivery devices, heart rate monitors (HRMS),hand worn terminals, jewelries and wearable patches. The market is further bifurcated on the basis of application into infotainment , fitness & wellness, healthcare & medical, industrial & military, safety & security and fashion & lifestyle. Geographically, the market is segmented into North America, Asia Pacific Europe, Middle East & Africa and South America.
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Growing health awareness and changing lifestyle especially in the North American, European, Asia Pacific (APAC) regions coupled with increasing technological adoptions trends is providing ample opportunities to wearable technology solution and devices providers. On the other hand, Asia-Pacific region is expected to experience a significantly high market growth due to emergence of various regional players providing innovative wearable solutions at a comparatively economical prices.
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In the application segments healthcare & medical segment had the largest share of the wearable technology market in 2015, whereas the fashion & lifestyle segment is expected to grow at the highest CAGR between 2016 and 2025.
In 2015, Brazil led the wearable technology market in South America (SAM) and is likely to register a CAGR of 24.1% during the forecast period 2016 to 2025. Brazil is expected to experience high adoption of wearable technology devices and solutions owing to increasing awareness about health and fitness and wide industrial adoption. The report profiles major players such as. adidas Group, Apple, Inc., Fitbit Inc., Garmin International Inc., Google, Inc., Intel Corporation, Jawbone, Koninklijke Philips N.V, LG Electronics Inc., Medtronic, Inc., Microsoft Corporation, Nike, Inc., Pebble Technology Corporation, Qualcomm, Inc., Samsung Electronics Co., Ltd, Sony Corporation, Suunto Oy and Xiaomi Inc.
Inquire to know more about Report @ http://www.theinsightpartners.com/inquiry/TIPTE100000104
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
The Insight Partners
Sameer Joshi
+1-646-491-9876
sales@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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