The article cited AMA's Global Smart Bottle Market Study explored substantial growth with CAGR of 13.98%. According the report, Emergence of Hydration Tracking Apps
is one of the primary growth factors for the market. Growing Awareness Regarding Health and Fitness
is also expected to contribute significantly to the Smart Bottle market. Overall, Water Bottle
applications of Smart Bottle, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Smart Bottle market identified that the demand is rising in many different parts of the world as "Increasing Demand from the Developing Economies Owing To Changing Lifestyle Standards
" Furthermore, some recent industry insights like "November 2018, Omniaz a beverage technology company launched Asia’s first smart bottle experience for alcohol beverage with the launch of the DRNK (Drink, Rewards, Network, Knowledge) mobile application in partnership with Wine Connection company in Singapore which is engaged in offering affordable, high quality and exclusive wines." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Smart Bottle market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Bottle market and other related sub-markets covered in the study.
o Key & emerging players in the Smart Bottle market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Bottle market size is calculated using market estimation process, the Smart Bottle market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Bottle market size has been validated using both top-down and bottom-up approaches.