Global Smartwatch Market has a potential to reach $32.9 billion by 2020, driven by robust demand for notifications, wireless fitness and sports devices, rapid penetration of smartphone, and launch of advanced versions with improved functional and operational efficiency. Other factors driving growth in the market include growing levels of health awareness among consumers, evolving future of wearables in healthcare, and the trend towards moving healthcare from hospitals to homes to self-care. robust broadband access market, developing economies, increasing spending power, growing demand from young adults, elderly and tech-savvy and health conscious consumers and rising 3G/4G penetration, make the region a lucrative market with enormous potential for growth.
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