The latest trend gaining momentum in the market is the growing niche market for wrist wearables, according to Research and Markets (www.researchandmarkets.com).
The popularity of wrist wearables has been growing to a large extent in the global smart wearables market, adds the research group. Apart from smartwatches and fitness bands, the vendors in the market are focusing on the development and manufacture of various other wrist wearables, including bracelets and tags.
According to Research and Markets, one of the major drivers for this market is compatibility with other electronic devices. One of the most significant features of a smartwatch is its ability to connect with several devices such as TVs, media players, headsets, smartphones, laptops, point-of-sale devices, and several other devices that have Bluetooth and NFC connectivity capabilities. Currently, smartwatches can be connected with headsets and smartphones.
Research and Markets says this is expected to change soon as smartwatches will be used to make payments and control lighting in the future. Also, several third-generation smartwatches are integrated with Wi-Fi connectivity, which enables them to be connected to several devices efficiently.