Smart Rings Market- Demand for Better Healthcare Boosts Uptake of Improved Technology

Smart Rings Market (Operating System - Android, IoS, and Microsoft Windows;
Technology -Bluetooth-enabled and NFC-enabled Smart Rings; Applications -
Mobile/Contactless Payments, User Authentication and Access Control,
Information Sharing, and Monitoring Healthcare System) - Global Industry Analysis,
Trend, Size, Share and Forecast 2017 - 2025
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Transparency Market Research (TMR) observes that competition in the global smart rings market is slated to
intensify in the coming years due to the strong presence of several players. To stay ahead of the cut-throat
competition, players are focusing on product innovation such as rings enabled with next generation NFC and
better payment technologies. Some of the leading players in the market are McLear Ltd., Logbar Inc., Fujitsu,
and Moodmetric.
According to the research report, the global smart rings market is likely to be worth US$11.44 mn by the end
of 2025 from US$1.67 mn in 2016. During the forecast years of 2017 and 2025, the global market is expected
to progress at a CAGR of 24.0%. Out of the three operating systems, the android operating system segment
held a dominant share in the global market. This segment is expected to acquire a share of 57% in the global
market by the end of 2025 due to the growing popularity of android smartphones. From a geographic point
of view, the global market is likely to be led by Asia Pacific as emerging economies are slated to be key
consumers of smartphones. Analysts expect that the Asia Pacific region is likely to surge at a pace of 25.1%
in the global market over the forecast period.
High Penetration of IoT Nurtures Growth of Global Smart Rings Market
The global smart rings market has been flourishing due to major advancements in technologies such as
Internet of Things (IoT) and its acceptance. The new-age smartphones that come with smart watches and rings
for receiving emails, messages, phone calls, and notification about posts on social networking sites have
augmented the growth of the global market. The incredible support offered by IoT to these functionalities has
been a great boon to the global market. In the coming years, the ability of smart rings to store incredible
amount of data such as text messages, emails, phone calls, authentication and access control details, and
payment details is anticipated to favor market growth in the near future.

The growing disposable income of the younger population and the increasing awareness about better
technologies have been instrumental in shaping the future of the global smart rings market. Analysts anticipate
that demand for smart rings will remain persistent in the healthcare sector. Both patients and physicians are
expected to show a significant demand for smart rings are these held in monitoring heart beats, pulse rates,
and blood pressure levels, which could be signs and symptoms of a larger ailment. The increasing health risks
due to poor lifestyles have augmented the demand for smart rings to ensure prevention instead of cure.
Lack of Interest from Big Players becomes Challenge for the Global Market
The high dependency on battery has been identified as a key challenge for the global smart rings market. The
inconvenience of charging smart rings with dongles or cables has made the experience of using them
unenjoyable. Furthermore, the market still continues to be in its nascent stage and is long way to go before it
evolves thoroughly. Owing to these reasons, several big players are refraining from making heavy investments
in this market, which has also been assessed as a limiting factor.
This review is based on Transparency Market Research’s report, titled “Smart Rings Market (Operating
System - Android, IoS, and Microsoft Windows; Technology -Bluetooth-enabled and NFC-enabled
Smart Rings; Applications - Mobile/Contactless Payments, User Authentication and Access Control,
Information Sharing, and Monitoring Healthcare System) - Global Industry Analysis, Trend, Size,
Share and Forecast 2017 - 2025.”
The global smart rings market has been segmented into:

Global Smart Rings Market, By Type of Operating System
Android
IoS
Microsoft Windows
Global Smart Rings Market, By Technology
Bluetooth-enabled smart rings
NFC-enabled smart rings
Global Smart Rings Market, By Applications
Mobile/contactless payments
User authentication and access control
Information sharing
Monitoring healthcare system
Others
Global Smart Rings Market, By Geography
North America
o
o
o
Europe
o
o
o
o
o
The U.S.
Canada
Mexico
Asia Pacific
o
o
o
o
The U.K.
Italy
Germany
France
Rest of Europe
China
Japan
India
Rest of Asia Pacific
Middle East and Africa (MEA)

o
o
o
U.A.E
South Africa
Rest of Middle East and Africa?
Latin America
o
o
Brazil
Rest of Latin America
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