Growing Awareness about Fitness Driving the Wearable Devices Market in India
According to a new Research On Global Markets report, the wearable devices market in India is predicted to expand considerably in the coming years on the back of increased consumer interest in wearable devices like smartwatches, fitness trackers, and fitness monitors, among others. People these days are more aware of the wearable devices and the applications that help in making daily life easy. Increased disposable income and awareness among Indian consumers are stimulating the growth of wearable devices market in India.
According to the report, technology-enabled wearable devices are witnessing considerable acceptance in India and the market is expected to emerge as a dominant one in the Indian consumer electronics ecosystem. Fitness monitors, smart watches, and internet-enabled eyeglasses are the various types of wearable devices available in the Indian market.
India is one of the fastest-growing market for wearable devices in the world. The introduction and availability of next generation cellular networks, and improved connectivity are crucial factors supporting the growth of the market. Start-ups in this segment are introducing various innovative products like GPS-enabled smart sports shoes, and multi-function Bluetooth devices that work as camera triggers and alerts while in motion, among others. The players are also focusing on developing wearable devices with advanced features and applications that provide an enhanced digital experience.
Research on Global Markets tracks the performance of some of the major players operating in the wearable devices market in India including Apple India Pvt. Ltd., Google India Pvt. Ltd., Intel Technology India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Nike India Pvt. Ltd., and Samsung India Electronics Pvt. Ltd., among others.
Key highlights of this report:
- Wearable Device Market – Overview
- Description and name of the start-up companies in India
- Opportunities in Enterprises, SMEs and other Key Industries
- Wearable Devices – Market Potential, Sales and Distribution Channel – Opportunities, and Recommendations
- Competitive Benchmarking
- Key growth drivers of the market
- Key deterrents to the growth of the market
- Analysis of the competitive landscape
This report has been formulated and designed with the purpose of giving businesses a concise understanding of the demand for wearable devices in India to determine the viability of the market, develop strategies based on the drivers, and to help brands identify competition and respond accordingly.