Tag: gadgets

Wearable technology industry will be worth $34 billion in 4 years

By the year 2020, CCS Insight is predicting that there will be 411 million wearables owned by consumers.

Analyst firm, CCS Insight has now give its wearable technology outlook an update, now predicting that by 2020, there will be 411 million smart wearable technology devices owned by consumers, and that the industry will be worth a massive $34 billion.

The firm also stated that, by the close of 2016, the wearables industry will have broken the $14 billion mark.

The predictions that it has made is that wrist-based wearable technology devices, such as many fitness trackers and smartwatches, will continue to top the list among the most popular gadgets in the category. The forecast the analyst has issued has stated that wrist-worn wearables will make up half of all sales in this category in the upcoming 12 months. Moreover, smartwatches are expected to make up 50 percent of the predicted 60 million device shipments that it expects to occur during that time.

This wearable technology update has changed since mid-2015, showing a 41 percent market share for the Apple Watch.

Wearable Technology Industry worth billionsAt that time, it said that there would be 20 million Apple Watches sold in 2015. That said, its data has now shown that during that time, the figure was strikingly lower; at only 9 million device sales.

Previously in February, another firm, Canalys, had indicated that its estimates were that in 2015, there were 12 million Apple Watches shipped. If that firm’s claims are true, that would give the company a much larger share, at about two thirds of the smartwatch marketplace. On the other hand, a week after that, Gartner released its figures and said that in 2015, the total number of smartwatch sales from all brands was 30 million. These varying numbers and measures make it evident that knowing what has already happened may be just as difficult to measure as predicting what will be occurring a few years down the road.

According to CCS Insight chief of research, Ben Wood, when discussing the wearable technology forecast report, “Given the rising consumer apathy toward smartphones, it is little wonder so many companies are chasing the rapidly growing opportunity presented by wearables. We’re particularly excited about the potential for augmented and virtual reality devices, and we predict 2016 will be a pivotal year.”

Mobile hotspot router market 2015 is expected to grow at a CAGR of 21.12% By 2019: Market Research Store

About Mobile Hotspot Router

A mobile hotspot is a very compact wireless router that enables end-users to avail high-speed Internet services without any wires, because devices are connected via 3G or 4G mobile connections. It provides connectivity within a range of 30-33 feet and allows end-users to connect multiple Wi-Fi-enabled devices to a single router, thereby helping reduce the overall cost of Internet services. A mobile hotspot router is specifically designed as a pocket-sized device with an in-built battery, which can be easily carried from one place to another. The main use of a mobile hotspot router is to provide connectivity to multiple users, allowing a wide range of devices to access data from the Internet.

Global Mobile hotspot router market is expected to grow at a CAGR of 21.12% over the period 2014-2019.

“Increase in need for broadband is expected to drive the growth of the market during the forecast period. The numbers of broadband users is increasing in step with the adoption of electronic devices connecting to the Internet.”

“Advances in technology and innovations engineer reductions in the prices of electronic equipment on a YoY basis, but this is not the case with mobile hotspot devices. Even laptops, tablets, smartphone prices decline from the time they are introduced in the market,”.

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“It is expected that device prices will reduce further during the forecast period and the market will witness significant spikes in device uptake, both on a contract basis as well as at full retail prices.”

Covered in this Report

The report covers the present scenario and the growth prospects of the global mobile hotspot router market for the period 2015-2019. The market can be segmented based on bundled devices and standalone devices.

Global Mobile Hotspot Router Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key Market Drivers

Increase in need for broadband
Growing need for portable broadband devices
Growing need for mobility
Increase in adoption of LTE

Key Market Trends

Rising adoption of 3G and 4G mobile hotspot routers
Pay-as-you-go business model
Decline in device prices
Increasing availability of Wi-Fi-enabled devices
Multiple operational features

Key Market Vendors

Huawei Technologies
Novatel Wireless

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.