Smartwatch market in Japan to grow at a CAGR of 120.60% in terms of revenue during 2014-2019

(IT-NEWSWIRE.COM, July 07, 2015 )
About Smartwatch
Smartwatches are computerized watches integrated with enhanced functionalities such as ability to make calls, send messages, and browse the Internet. These watches are integrated with an OS that can be used across multiple devices. Technological developments in the smartwatch market has enabled ongoing innovations with vendors introducing new features in their products. For example, Motorola introduced hands-free and voice command-enabled smartwatches in 2014.

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Such advances in technology have increased the number of applications in smartwatches. Though the market did not grow as expected during 2010-2013, the market landscape will change significantly by 2015, presenting high growth. Regular improvements in design (for some vendors it is a 1-month cycle), shift from hardware to software, MNCs acquiring start-ups, and steady growth in smartwatches, sport watches, and fitness trackers are some factors accelerating the market growth.

Technavio's analysts forecast the smartwatch market in Japan to grow at a CAGR of 120.60% in terms of revenue during 2014-2019.

Covered in this Report
This report covers the present and future scenarios of the smartwatch market in Japan for 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smartwatches from various vendors. Smartwatches considered in this report include those that can perform the following functions:
• Make and receive calls or receive notifications regarding the same
• Send and receive text messages or receive notifications regarding the same
• Display time and date

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

Key Vendors
• Casio Computer
• Citizen
• Samsung Electronics
• Sony

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Other Prominent Vendors
• Nintendo
• Toshiba

Key Market Driver
• Increased Adoption of Connected Services
• For a full, detailed list, view our report

Key Market Challenge
• High Price
• For a full, detailed list, view our report

Key Market Trend
• Design Enhancement
• For a full, detailed list, view our report

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Key Questions Answered in this Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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Smartwatch market in Japan to grow at a CAGR of 120.60% in terms of revenue during 2014-2019