PORTLAND, OREGON, UNITED STATES, November 21, 2021 /EINPresswire.com/ — A wearable fitness tracker is used to measure particular metrics involved in fitness such as heart rate, number of steps walked, quality of sleep, and others. It comes predominantly in the form of wristbands and smartwatches. The global wearable fitness trackers market is anticipated to witness significant growth during the forecast period. Factors, such as increasing awareness about the importance of a healthy lifestyle and demand for health monitoring devices, drive the growth.
Allied Market Research published a new report, titled, “Wearable Fitness Trackers Market by Device Type (Smartwatches, Fitness Bands, Smart Glasses, Smart Clothing, and Others), Component (Hardware and Software), Connectivity (Bluetooth, Wi-Fi, Cellular, NFC, and Others), Operating System (Android, iOS, Windows, and Tizen), Distribution Channel (Online and Offline), and Application (Running, Cycling, Heart Rate Tracking, Stress Management, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028,” According to a report, the global wearable fitness trackers industry size was valued at $38.68 billion in 2020, and is projected to reach $124.32 billion by 2028, registering a CAGR of 17.30%. The Asia-Pacific region is expected to be the leading contributor to the global market during the forecast period, followed by Europe and North America.
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The research report provides a detailed analysis of the major market players, driving factors, challenges, opportunities, and estimations of the market from the period 2021 to 2028. Moreover, the report includes a comprehensive analysis of the drivers and restraints of market growth.
Major market players: Apple Inc., Fossil Group, Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co., Ltd. (Huawei), NIKE, Inc., Samsung Electronics, Sensoria Inc., TomTom N.V., and Xiaomi Corporation.
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The information offered in the report is gathered from several primary and secondary sources. In addition, the report outlines the key market players along with their profile analysis and market share. The study includes insights into promising market strategies adopted by these firms including mergers & acquisitions, new product launches, joint ventures, expansion, and collaborations. These business strategies help the market players to sustain the ruthless competition and maintain their foothold in the industry.
Key Benefits from Wearable Fitness Tracker Market Report 2021-2028:
1. The report includes a detailed study of the current Wearable Fitness Tracker Market trends, market size, estimations during the period from 2021 to 2028 to highlight promising prospects.
2. The report includes Porter’s Five Forces analysis to outline the effectiveness of consumers and suppliers to help market players and stakeholders make sound, informed business decisions.
3. The study also includes an in-depth analysis of major impacting factors & key investment pockets.
4. Study based on geographical segments with state-wise revenue generation is included in the Wearable Fitness Tracker Market report.
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The Wearable Fitness Tracker Market report provides an in-depth analysis on the basis of recent market developments, import-export, trade protocols, productivity, revenue share, and value chain optimization. Moreover, the study includes the analysis of the influence of local and domestic market players, opportunities associated with developing revenue pockets, strategic analysis on market growth, regional analysis and expansion, industry segmentations, and innovations in technology.
The Wearable Fitness Tracker Market report provides an in-depth qualitative and quantitative study on the aspects of the global industry during the period 2021–2028. This analysis helps stakeholders to gain a proper understanding of the market. The report also includes regional and global market study along with research on major market players and their business strategies. The information offered in the report is gathered from reliable sources and industry experts. Moreover, the report highlights the stimulus of the clients and suppliers to enable market investors to make informed decisions.
The Wearable Fitness Tracker Market is studied on the basis of the competitive landscape in various regions. The regions included in the report are North America, Europe, Asia-Pacific, South America, Middle East, and Africa. These insights help in crafting new strategies and foresee lucrative opportunities to gain maximum profit.
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The report includes an analysis of the driving factors that play a vital role in market growth. Moreover, the retraining factors that affect market growth are offered in the report in order to offer the market players the current scenario of the market.
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The Wearable Fitness Tracker Market report offers a comprehensive overview of the market to aid industry consultants, existing key market players, equipment manufacturers that search for expansion opportunities and develop beneficial strategies according to current market trends and expected trends in the coming years.
Highlights of the Report:
1. In-depth and comprehensive analysis of the Wearable Fitness Tracker Market.
2. Accrued revenues from each segment of the market during the period from 2021 to 2028.
3. Analysis of the major drivers, restraints, and opportunities in the industry.
4. Current scope and trends of the Wearable Fitness Tracker Market.
5. Strategies implemented by key market players.
6. Regions that are expected to offer lucrative opportunities for the major players.
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