LONDON
Technavio has published a new report on the smartwatch market in Japan, which is expected to grow at a CAGR exceeding 96% from 2015-2019.
About the Report
The new report by Technavio pinpoints the availability of high-speed broadband, increased penetration of smartphones, and technological innovations as factors enabling consumers to use connected services such as near-field communication (NFC) for a wide variety of tasks.
“Connected wearable services like smart health wristbands can alert users on their medication timings and dosages, and enable them to access multimedia and infotainment services while on the run,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also highlights the smartwatch designs offered by vendors in the past 2-3 years, which have failed to live up to the individual preferences. However, advanced products from vendors such as Apple, Samsung, and Sony are delivering smartwatches with unique designs.
“Vendors are making huge investments in R&D to develop sleek new designs to cater to the growing needs of the consumers. In fact, several vendors are collaborating with fashion designers to develop designer smartwatches,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the smartwatch market in Japan from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smartwatches from various vendors.
Key Information Covered in the Report:
- Key Vendors:
- Casio Computer Co. Ltd.
- Citizen Holdings
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Market Growth Drivers:
- Increased Adoption of Connected Services
- For a full detailed list, view our report.
- Market Challenges:
- High Price
- For a full detailed list, view our report.
- Market Trends:
- Design Enhancement
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the smartwatch market:
- Global Smartwatches Market 2015-2019
- Global Smart Wearable Entertainment Devices and Services Market 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150703005007/en/
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