Smart Rings Market- Demand for Better Healthcare Boosts Uptake of Improved Technology
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<strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong> (Operating System - Android, IoS, and Micros<strong>of</strong>t Windows;<br />
<strong>Technology</strong> -Bluetooth-enabled and NFC-enabled <strong>Smart</strong> <strong>Rings</strong>; Applications -<br />
Mobile/Contactless Payments, User Authentication and Access Control,<br />
In<strong>for</strong>mation Sharing, and Monitoring <strong>Healthcare</strong> System) - Global Industry Analysis,<br />
Trend, Size, Share and Forecast 2017 - 2025<br />
Obtain Report<br />
Request Brochure<br />
Transparency <strong>Market</strong> Research (TMR) observes that competition in the global smart rings market is slated to<br />
intensify in the coming years due to the strong presence <strong>of</strong> several players. To stay ahead <strong>of</strong> the cut-throat<br />
competition, players are focusing on product innovation such as rings enabled with next generation NFC and<br />
better payment technologies. Some <strong>of</strong> the leading players in the market are McLear Ltd., Logbar Inc., Fujitsu,<br />
and Moodmetric.<br />
According to the research report, the global smart rings market is likely to be worth US$11.44 mn by the end<br />
<strong>of</strong> 2025 from US$1.67 mn in 2016. During the <strong>for</strong>ecast years <strong>of</strong> 2017 and 2025, the global market is expected<br />
to progress at a CAGR <strong>of</strong> 24.0%. Out <strong>of</strong> the three operating systems, the android operating system segment<br />
held a dominant share in the global market. This segment is expected to acquire a share <strong>of</strong> 57% in the global<br />
market by the end <strong>of</strong> 2025 due to the growing popularity <strong>of</strong> android smartphones. From a geographic point<br />
<strong>of</strong> view, the global market is likely to be led by Asia Pacific as emerging economies are slated to be key<br />
consumers <strong>of</strong> smartphones. Analysts expect that the Asia Pacific region is likely to surge at a pace <strong>of</strong> 25.1%<br />
in the global market over the <strong>for</strong>ecast period.<br />
High Penetration <strong>of</strong> IoT Nurtures Growth <strong>of</strong> Global <strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong><br />
The global smart rings market has been flourishing due to major advancements in technologies such as<br />
Internet <strong>of</strong> Things (IoT) and its acceptance. The new-age smartphones that come with smart watches and rings<br />
<strong>for</strong> receiving emails, messages, phone calls, and notification about posts on social networking sites have<br />
augmented the growth <strong>of</strong> the global market. The incredible support <strong>of</strong>fered by IoT to these functionalities has<br />
been a great boon to the global market. In the coming years, the ability <strong>of</strong> smart rings to store incredible<br />
amount <strong>of</strong> data such as text messages, emails, phone calls, authentication and access control details, and<br />
payment details is anticipated to favor market growth in the near future.
The growing disposable income <strong>of</strong> the younger population and the increasing awareness about better<br />
technologies have been instrumental in shaping the future <strong>of</strong> the global smart rings market. Analysts anticipate<br />
that demand <strong>for</strong> smart rings will remain persistent in the healthcare sector. Both patients and physicians are<br />
expected to show a significant demand <strong>for</strong> smart rings are these held in monitoring heart beats, pulse rates,<br />
and blood pressure levels, which could be signs and symptoms <strong>of</strong> a larger ailment. The increasing health risks<br />
due to poor lifestyles have augmented the demand <strong>for</strong> smart rings to ensure prevention instead <strong>of</strong> cure.<br />
Lack <strong>of</strong> Interest from Big Players becomes Challenge <strong>for</strong> the Global <strong>Market</strong><br />
The high dependency on battery has been identified as a key challenge <strong>for</strong> the global smart rings market. The<br />
inconvenience <strong>of</strong> charging smart rings with dongles or cables has made the experience <strong>of</strong> using them<br />
unenjoyable. Furthermore, the market still continues to be in its nascent stage and is long way to go be<strong>for</strong>e it<br />
evolves thoroughly. Owing to these reasons, several big players are refraining from making heavy investments<br />
in this market, which has also been assessed as a limiting factor.<br />
This review is based on Transparency <strong>Market</strong> Research’s report, titled “<strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong> (Operating<br />
System - Android, IoS, and Micros<strong>of</strong>t Windows; <strong>Technology</strong> -Bluetooth-enabled and NFC-enabled<br />
<strong>Smart</strong> <strong>Rings</strong>; Applications - Mobile/Contactless Payments, User Authentication and Access Control,<br />
In<strong>for</strong>mation Sharing, and Monitoring <strong>Healthcare</strong> System) - Global Industry Analysis, Trend, Size,<br />
Share and Forecast 2017 - 2025.”<br />
The global smart rings market has been segmented into:
Global <strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong>, By Type <strong>of</strong> Operating System<br />
<br />
<br />
<br />
Android<br />
IoS<br />
Micros<strong>of</strong>t Windows<br />
Global <strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong>, By <strong>Technology</strong><br />
<br />
<br />
Bluetooth-enabled smart rings<br />
NFC-enabled smart rings<br />
Global <strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong>, By Applications<br />
<br />
<br />
<br />
<br />
<br />
Mobile/contactless payments<br />
User authentication and access control<br />
In<strong>for</strong>mation sharing<br />
Monitoring healthcare system<br />
Others<br />
Global <strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong>, By Geography<br />
<br />
<br />
<br />
<br />
North America<br />
o<br />
o<br />
o<br />
Europe<br />
o<br />
o<br />
o<br />
o<br />
o<br />
The U.S.<br />
Canada<br />
Mexico<br />
Asia Pacific<br />
o<br />
o<br />
o<br />
o<br />
The U.K.<br />
Italy<br />
Germany<br />
France<br />
Rest <strong>of</strong> Europe<br />
China<br />
Japan<br />
India<br />
Rest <strong>of</strong> Asia Pacific<br />
Middle East and Africa (MEA)
o<br />
o<br />
o<br />
U.A.E<br />
South Africa<br />
Rest <strong>of</strong> Middle East and Africa?<br />
Latin America<br />
o<br />
o<br />
Brazil<br />
Rest <strong>of</strong> Latin America<br />
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