Allied
Market Research published a report titled “Global Smartwatch Market (Product,
Application, Operating System and Geography) - Size, Share, Global Trends,
Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities,
Segmentation and Forecast 2013 – 2020.” The report forecast the global
smartwatch market to grow at a positive rate during 2013-2020. The report expects the global smartwatch
market to reach $32.9 billion by 2020.
Standalone smartwatches are the NextGen products that are increasing the popularity of smartwatches. “Standalone smartwatches are a
step further to extension smartwatches eliminating the need of tethered phone.
These are standalone devices capable to make calls, send SMS and do many tasks
without paired smartphone. The adoption of standalone smartwatches bypasses
smartphone needs to a valuable extent which has made smartphone manufacturers
to enter into the market,” states AMR analysts.
“To remain competitive in the market, smartphone big
giants along with smartwatch manufacturers are providing SIM card slot, touch
screen facility with massive display and other features. Thus, letting customer
call and text from their wrist is the basic trend followed by manufacturers.
Samsung has entered in the market with the introduction of Samsung Gear S
Standalone Smartwatch which includes Bluetooth, WiFi and other wireless
connectivity. Neptune has launched Neptune Pine Standalone smartwatch which has
a massive display in its product range,” adds the analyst.
