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The report on Wearable Apps Market by device (smart watches, fitness bands, smart glasses), by category (fitness apps, industrial apps, online transaction apps, customization apps, healthcare apps) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Wearable Apps Market is projected to grow at a CAGR of 49.7% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market.
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The growth of lady’s watch market is driven by the increasing popularity of watches among women across geographies. Rising spending on smartwatches in developing countries coupled with rising per capita disposable income is likely to drive the growth of the global lady’s watch market at a significant rate during the review period. Additionally, surging demand for watches with innovative features is likely to create lucrative opportunities for the market players during the review period.
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The global market for smart wearables is projected to cross US$ 30 Billion by 2020. Initially, the adoption of these devices was confined to developed countries because of the high cost. However, with the decline in cost, vendors have shifted their focus to developing countries to increase their revenue and market base. The factors like growing IT spending, rising health concerns, growing popularity of smart wearables among consumers, an expanding smartphone user base globally, coupled with continuously declining prices of smart wearables are anticipated to propel demand for different types of smart wearables during the over the next six years. Purchase a copy of this “Global Smart Wearables Market and Forecast to 2021” research report at USD 1100 (Single User License). http://www.marketreportsonline.com/contacts/purchase.php?name=563957.
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