Smart Rings market share research by applications and regions for 2018-2024

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Smart Rings market share research by applications
and regions for 2018-2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Smart Rings Market

• North America leads the smart rings market space
  due to the rise in the demand for wearable
  technology, rising number of smartphones, and
  inclination toward fashion jewelry. Asia Pacific
  is anticipated to grow significantly during the
  forecast period. The rise in the use of consumer
  electronic products such as wearable devices,
  tablets, laptops, and smartphones has propelled
  the market growth. Furthermore, the supportive
  government initiatives to promote the
  digitalization in the developing countries
  including India and China are driving the market
  growth.
• Smart Rings Market size is propelled by the
  growing adoption of smartphones, tablets, and
  other smart devices. The smart rings are
  electronic devices that enable the users to share
  and store information via their smartphones. The
  technology is being widely used by the users to
  store pictures, contact information, videos, and
  other digital information. Furthermore, the
  growing adoption of the cloud services among the
  individuals also supports the market growth. The
  smart rings complement the cloud services and
  enhance the usage capacity.

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• The rising health awareness among the individuals
  also fosters the smart rings market. The smart
  rings are widely used for activity tracking and
  monitoring heart rates and sleeping patterns.
  Moreover, the technology is also used as the
  contact-less payment system. The market players
  are constantly innovating and developing advanced
  smart rings integrated with security and personal
  access control features.
• The smart rings work on Android, IoS, and
  Microsoft Windows operating systems. The android
  OS is dominating the market with approximately 2
  billion monthly active android users globally as
  compared to 1 billion IoS users. Furthermore, the
  low price of the android smartphones and the
  computability with other electronic devices also
  drive the growth of the smart rings market.
• The technology market is categorized into
  Bluetooth and NFC. The Bluetooth-enabled
  connected rings dominate the market since they
  can be easily integrated with smartphones using
  Bluetooth applications. However, NFC-enabled
  rings require Wi-Fi connectivity for integrating
  with smart devices. Wi-Fi connectivity is not
  available at all the places due to network
  issues, limiting the use of NFC smart rings. The
  NFC-enabled connected rings can perform without
  batteries or electricity, which is its advantage
  over the former.

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• Healthcare monitoring system, mobile or
  contactless payments, information sharing,
  notification access, user authentication, and
  access control are the major applications of the
  smart rings market. The NFC-enabled rings perform
  the contactless payment operations eliminating
  the requirement to carry the debit/ credit cards
  for the transaction while information sharing
  function includes receiving calls, emails, text
  messages, and other notification alerts.
  Monitoring healthcare issues is emerging as
  another important application due to their
  ability to track various fitness and
  health-related issues such as monitoring physical
  activities, blood pressure levels, sleep time,
  walk count, heartbeat count, and pulse rates.
  Also, other functions such as controlling audio
  and brightness of connected smart devices, taking
  pictures, and playing music are offered by the
  rings.
• Some of the leading players of the market are
  Ringly, MOTA Group, McLEAR, Kerv Wearables, Log
  bar, Fujitsu, Moodmetric, Shanxi Jakcom
  Technology, Vinaya, Oura, and Nimb. Partnership
  collaboration is the primary strategy used by the
  market players to increase the customer base. For
  instance, in January 2018, McLEAR announced the
  partnership with Bankwest to bring Australias
  first payment ring into the market. In October
  2017, MOTA Group announced a partnership with
  Affirm so as to offer Pay over Time option to its
  customers.

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Methodology

• Market
  research reports Key analytical components

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