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Fitness Trackers Market by Device Type (Fitness Bands, Smartwatch, and Others), Display Type (Monochrome and Colored), Sales Channel (Online and Offline), and Compatibility (iOS, Android, Windows, Tizen, and Others) - Global Opportunity Analysis and Indus

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Report Banana

PR Title 1: The fitness trackers market is expected to reach $62,128 million by 2023with CAGR of 19.6%

According to new report added in Report Banana offerings, there are significant money making opportunities available in the fitness trackers market. Companies planning to enter this market need to prepare and differentiate to maximize their return on investment.

In terms of opportunities, the fitness trackers market is expected to grow from $17,907 million in 2016 to USD 62,128 million by 2023; it is expected to grow at a CAGR of 19.6% during the forecast period.

The global fitness trackers market is currently growing at a significant rate, owing to increase in use of fitness trackers among the young population. In addition, upsurge in disposable income and increase in expenditure on wearable technology propel the growth of the fitness trackers market. Moreover, advancements in technology, increase in health consciousness among consumers, and rise in demand for fitness trackers from fitness centers are some key factors driving the overall market growth.

Fitness trackers are devices used to track and monitor fitness-related data such as calorie consumption, distance covered, heartbeat rate, sleep duration, sweat rate, and body temperature. These devices are wirelessly synced with a smartphone or a computer. They are incorporated with software and sensors to enhance the connectivity to share and exchange data. They are widely used in sports and fitness centers to monitor fitness and health-related parameters.

Prominent players profiled in this report include Fitbit Inc., Samsung, Xiaomi Inc., Jawbone, Nike, Adidas, Misfit Wearables Inc., Shenzhen Motto Electronics Co. Ltd., Google LLP, Apple. Inc., etc.

Significant Aspects of the Report and Main Highlights:

  • Changing business trends in the fitness trackers market
  • Market segment analysis at different level such as device type, display type, sales channel, compatibility, and geography
  • Historical and forecast size of the fitness trackers market in terms of revenue
  • Major drivers and opportunities pertaining to the fitness trackers market
  • Competitive landscape and player positioning analysis for the market
  • Key product offerings by major players and business strategies adopted
  • Key challenges faced by operating players in the market space
  • Analysis of major risks associated with the market operations

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.reportbanana.com/-fitness-trackers-market-by-device-type-fitness-ba-rpt40332.aspx

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