27 Sep
2019
Well, you might think if there is hardly any need to purchase a watch when you already have a phone that has an alarm, has a calendar and tells you the time too. And, this is a valid point indeed! Also, this might be the reason why we have been experiencing a steep decrease in watch sales since last few years. However, smart watches are surely a deviation for sure, as they tend to offer something different. Along with offering all the fundamental watch features, they also dole out things which smartphones cannot.
Coming with a touchscreen display, smartwatch is almost similar to a mobile phone and takes in a number of applications through which the user can access his cell phone. Especially, the increasing adoption of smartphone along with fast internet connectivity has boosted the demand for smartwatches in more than one way. Also, with the renowned companies like Apple, Xiaomi, Google and Samsung launching exclusive models, people have become even more inclined to the same.
According to Allied Market Research, the global smartwatch market is expected to grow at a significant CAGR from 2018–2025. Increase in demand for wireless fitness & sports devices, rise in health awareness among people and emergence of a plethora of players are the major players accelerating the growth of the market. On the other hand, quite a few high-priced brands ate expected to restrain the growth to some extent. However, surge in investment on building allied eco system has almost moderated the restraining factor and created multiple opportunities in the near future.
To conclude, we can state that as a portable wearable device, smartwatches are now being used in a myriad of daily activities. Right from tracking the steps covered in a day to monitoring heart rate, smartwatch can actually reward you a better life
Koyel Ghosh
Authors Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.
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