Thursday, 15 January 2015

Standalone smartwatches are the NextGen products that are increasing the popularity of smartwatches

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.

North America leads the standalone smartwatches market followed by Europe. The market share of standalone smartwatches would increase considerable during the forecast period due to its versatility.