Smart Rings Market Survey On Emerging Opportunities

Increasing dominance of few players is projected to intensify competition in the global smart rings market. Leading players are using different strategies to strengthen their position in the market and to maintain an upper edge against their competitors. Innovation, collaboration, partnership, and expansion are some of the frequently used strategies. Moreover, increasing use of next generation near-field communication technologies by these players can further increase the competition among these players. In this report, researchers have thoroughly analyzed few leading players, which include Fujitsu, Logbar Inc., McLear Ltd., and Moodmetric.
According to Transparency Market Research, the global smart rings market is projected to witness high growth by rising at 24.0% of CAGR over the forecast period between 2017 and 2025. Over this period, the market valuation is estimated to touch US$11.44 mn by 2025. In 2016, the market earned US$1.67 mn.
Based on operating system, the android operating system segment is expected to lead the market over the estimated period. Significant rise in sales of smartphones is the key factor that led the demand for android operating systems. On the other hand, the demand for IoS operating system is also expected to rise at a faster rate over the projected period. Based on geography, Asia Pacific might hold dominant share in the global smart rings market. Dramatic rise in the use of consumer electronics such as tablets, wearable devices, and smart phones is the key factor for growth the growth of Asia Pacific smart rings market.smart rings market
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Increasing Popularity among Young Adults of Electronic Devices Benefits Market Performance
Internet of things is playing a crucial role in developing the global smart rings market. In addition to that, increasing connectivity of smart rings with smartphones that helps in accessing messages, mails, notifications, and phone calls have further augmented demand in this market. Growing popularity of electronic wearable devices among young adults due to increased disposable income is likely to propel growth for smart rings. Moreover, smart rings are also widely used in storing pictures, videos, contact information, and other digital information. Another significant factor is the growing use of cloud-based services that helps in storing huge amount of data.
From the health care point of view, use of smart rings helps in tracking pulse rates, heartbeats, and blood pressure levels, which helps in collecting health data with more precision. The collected health data benefits both the patient and the physician in providing advanced and well-analyzed treatment. Considering all the above-mentioned factors demand in the global smart rings market is expected to grow at a drastic rate. 

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