Global AI enabled smart trackers Market 2020–2024 Trends & Forecast Report, Consistent with our stated policy of making available the best research and analysis report.
Fremont, United State – February 3, 2020 /MarketersMedia/ —
AllTheResearch illustrates the competitive market for AI enabled smart trackers market ecosystem that includes strategic players such as Facebook, Apple, Garmin, Bragi, Xiaomi, Microsoft, HTC, Jabra, Fossil, Huawei, Fitbit, Google, Samsung, and others. The players in the market are mainly focused on mergers and acquisitions, product expansion, partnerships, and other such strategies for increasing their market share. For instance, Huami, a data driven company, announced its agreement with Timex Group, a manufacturing company, in order to develop smartwatch. Owing to this agreement, Huami will combine its app design expertise and AI technology with Timex Group’s manufacturing capabilities in order to build new generation smartwatches.
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The global AI enabled smart trackers market ecosystem was valued at US$ 3.2 Bn in 2018 and is expected to reach US$ XX Bn by 2026, growing at a CAGR of 20% during the forecast period. The internet of things is expected to drive the demand for smart tracking wearables in near future. IoT involves machine-to-machine connectivity and communication by cloud platforms, through which data generated by devices gets stored, analyzed, and captured. Wearable devices mainly include fitness wearable, real-time health monitoring wearable sensors, elderly tracker, fetal monitoring wearables, and others. The introduction of smart AI-enabled rings has also been one of the factors in accentuating the growth of AI enabled smart trackers market ecosystem in recent days. The artificial intelligence user interface embedded in this smart ring enables users to perform a variety of actions, such as controlling IoT devices, handling voice assistance such as Amazon Alexa, and others.
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AI enabled smart trackers ecosystem: Segmentation
AI enabled smart trackers Market ecosystem is analyzed by components like CPU, GPU, FPGA, ASIC, Memory, Others and others also by Deployment like Cloud and On-Premise
AI enabled smart trackers Market ecosystem is also analyzed by Products type like Smart Ring, Smart Bluetooth Headphones, Smart Fit Bands, Others and also analyzed by Technology like Machine Learning, NLP, Computer Vision, Others
Healthcare is the sector where AI-enabled wearable devices are in large demand. These wearables collect health-related data in order to monitor and provide health related awareness to the users as well as the physicians. Rising demand for AI-enabled smart Bluetooth headphones has also been one of the important factors in driving the growth of the market in recent years.
North America dominated the market in 2018 and is expected to show similar trends in the coming years. The presence of major players such as Apple, Xiaomi, Google, and others, is also one of the important factors in driving market growth. Asia Pacific is expected to grow at the fastest pace with a CAGR of XX% during the forecast period. Increasing health-related concerns among the people in the region are driving the AI in smart tracker market in the region. At the same time, high adoption rate of smart wearables among customers in the age group of 16 to 34 years is expected to drive the AI enabled smart trackers market in the APAC region in the coming years.
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Release ID: 88945003