Global Smart Band Market Overview 2018, Demand by Regions, Types and Analysis of Key Players

The global smart band market has experienced a healthy growth over the past few years. The demand for smart bands is growing worldwide on account of enhanced activity tracking features and the declining prices of smart bands.

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According to the latest report by IMARC Group, titled “Smart Band Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global smart band market reached a volume of 43.6 Million Units in 2017. Smart band, also known as an activity or fitness tracker, is a wireless device equipped with sensors which helps the wearer to track a number of physical and physiological parameters, such as heart rate, quality of sleep, step count, average speed, and distance covered while walking, jogging or cycling. It also provides access to social networking websites, such as Twitter, Facebook, etc., where the users can share their progress. The increasing number of tech-savvy consumers with greater technology awareness are majorly contributing to the growth of smart band market across the globe. Additionally, the lowering prices of smart bands and availability of innovative designs have escalated the demand for smart bands among the mass consumers.

Global Smart Band Market Trends:

Owing to sedentary lifestyles, and a consequent rise in the prevalence of non-communicable diseases, the consumers have become more focused towards their fitness and physical well-being. This has led to the uptake of devices such as fitness trackers which encourage physical activity through their game-like interface.

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Created on Dec 6th 2018 02:08. Viewed 200 times.

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