We are still at the early stage when it comes to smartwatch market; but it is exciting to recall that:
·
The widespread availability of smartwatches with advanced functionalities
and features is expected to augment the interest of technology and fitness enthusiasts.
·
The high compatibility of smartwatches with other mobile computing devices
is expected to be the key driver for the growth of this market.
·
Nowadays, smartwatches can be connected to devices like TVs, media players,
headsets, smartphones, laptops, PoS devices, and other devices having Bluetooth
and NFC capabilities.
·
Many new players are expected to enter the market as it has a huge growth
potential.
According to Research and
Markets, the Americas dominate the global market for smartwatches and this
region presently accounts for more than 68% of the total market share.
When it comes to the
crowdfunding route within the global smartwatch market, increasingly, many
vendors in global smartwatch market are taking the crowdfunding route to raise
funds for their projects.
This momentum increases
awareness among potential customers. It provides enormous opportunities for
small vendors to innovate and succeed in the rigid competition. Crowdfunding can
allow vendors to anticipate the interest for their products and directly
communicate with potential buyers and involve them in the product development
stage. This helps vendors build the right products for the market.