![]() ![]() The smartwatch market is dominated by few major players such as Apple Inc., Fitbit, and others. The period studied in this report is from 2019 to 2027, wherein the smartwatch market forecast period is from 2020 to 2027. The global smartwatch market share is analyzed and estimated in accordance with the impact of the drivers, restraints, and opportunities. The companies operating in the market have adopted strategies such as collaboration, partnership, product launch, R&D, and acquisition to increase their market share and expand their geographical presence. From application perspective, the report analyzes the market according to personal assistance, wellness, healthcare, sports, and others. The market size revenue considered in the report is revenue earned by companies by selling smartwatch. Various features include notifications, alerts, apps, answer messages by voice, media management, fitness tracking, and a very good battery life. According to smartwatch market trends, many leading vendors such as Apple, Xiaomi, Fitbit, and others are operating in this segment. Different operating systems such as watchOS, Android, Linux, and others are available in the market. The study of smartwatch in this report emphasizes on various products, operating systems, and corresponding applications. According to a recent report published by Allied Market Research, titled, “ Smartwatch Market By Product, Application, and Operating System: Global Opportunity Analysis and Industry Forecast, 2020-2027”, the global smartwatch market was valued at $20.64 billion in 2019, and is projected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027.
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