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Global Smart Wearable Lifestyle Devices and Services Market Growth of CAGR of 15.75%, 2016-2020
October 4, 2016 | Business WireEstimated reading time: 1 minute
The analysts forecast the global smart wearable lifestyle devices and services market to grow at a CAGR of 15.75% during the period 2016-2020.
Smart wearable lifestyle devices are portable devices fastened on a user's body to measure the parameters related to their health and well-being helping them to take a proper decision regarding them. For instance, a wearable lifestyle device used to measure the quality of sleep helps in analyzing a user's sleeping habits and taking precaution accordingly. Similarly, a smart glass enables a user to read a barcode of a product and acquire detailed information about the product to make the right purchasing decision.
The report covers the present scenario and the growth prospects of the global smart wearable lifestyle devices and services market for 2016-2020. To calculate the market size, the report considers the revenue generated by telecommunication operators in the smart wearable services market. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, growing use of smart glasses will be a key driver for market growth. Smart glasses are portable devices that provide real-time entertainment and gaming experiences to end-users. These glasses enable users to capture 3D images, stream virtual videos, and enhance their virtual gaming experience.
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