Uncategorized

Smartwatch Market will cross $1 Billion by end of 2017

Smartwatch market is spreading business like fire and by end of 2017 it will cross $1 Billion Revenue. This Smartwatches looks like Analogue watches but with lots of features like NFC, Heart Rate Monitor, Step Tracking, GPS, Mobile notifications & now they supports own Network bands even which helps users to use sim in their watches. They will double their market within 1 year which is amazing.

Smartwatch Market

“Hybrid smartwatches sales volumes will grow 77% annually taking the penetration to 12%of the total smartwatch volumes in 2017,” said Peter Richardson, Research Director, Counterpoint Research, in a statement

Huawei Watch 2 Launched at MWC 2017

“The rise of hybrid smartwatches can be attributed to watchmakers trying to address two key pain points which has held the smartwatch segment growth. Firstly, preserving the traditional aesthetics style and feel, secondly, maximising the battery life while retaining meaningful and frequently used smartwatch features,” added Mudit Singh, Analyst, Counterpoint Research.

What do you think of this rapidly going Smartwatch Market? Drop down your comments below!

Tags

Trishit Chakraborty

Technology is love, blogging is passion. Co-founder of Headline Authority. A Techworm blogger who is persuing his Engineering exposing his readers to the news arenas!