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Wearable Devices Market size growing at a CAGR of over 24% over the forecast period

Wearable devices market size is anticipated to exceed USD 12 billion by 2023 growing at a CAGR of over 24% from 2016 to 2023. Wearable devices market Rising demand for sophisticated devices combined with innovative features is expected to drive the industry demand.

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Wearable Devices Market size growing at a CAGR of over 24% over the forecast period

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  1. Wearable Devices Market size with 24% CAGR expectations over the forecast period to reach USD 12 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Wearable Devices Market : • North America wearable devices market is expected to dominate global demand over the forecast period owing to technological developments. • Asia Pacific is anticipated to exhibit substantial growth due to low production costs in India and China. • UK and Germany is estimated to lead the European industry owing to flourishing innovations in the region.

  3. Application Analysis of Wearable Devices Market : • Based on application, the industry can be segmented into military, consumer, enterprise & industrial and healthcare & medical. Consumer application is further segregated into infotainment & media as well as fitness & sports. • Ascending application of these smart devices is expected to facilitate colossal growth opportunities to the wearable technology market participants. • The wearable devices market can be segmented in terms of product as well as application. In terms of product, the industry can be segregated as eye wear, wrist & finger wear, body wear, foot wear, neck wear and others.

  4. Competitive Market Share of Wearable Devices Market : • Key industry players in the infotainment segment include Sony Corp., Samsung, LG Corp., Motorola, Google Inc., Qualcomm, Martian, Pebble as well as GoPro among others. • Major industry players in the healthcare & medical sector comprise Dexcom, Cardionet, Alive Technologies, LifeWatch, Abbot and Medtronic among others. • Major vendors in industrial and military segment involves MicroVision, SAP, Eurotech and Quantum 3D among others.

  5. Browse Full Market Research Report On Wearable Devices Market @ https://www.gminsights.com/industry-analysis/wearable-devices-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/240

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