Industry Background:
The smart ring is a technology wearable device that provides real-time connectivity, it has inbuilt technology, whether that’s NFC chip or sensors such as optical heart rate monitor or accelerometer. Smart rings featured as the ability to make payments and mitigate access control, with popular innovative uses such as gesture control and activity tracking. Smart rings can communicate directly with smartphones or compatible devices (such as personal computers) through a variety of applications and websites.This growth is primarily driven by Growing Adoption of Cloud Services, Rising Health Awareness among the Individuals and Rise in Demand of Wearable Technology.
Globally, a noticeable market trend is evident Increase Demand of Bluetooth-Enabled Connected Rings for Easily Integrated With Smartphones
. Major Vendors, such as Ringly (United States), MOTA Group (United States), McLEAR (England), Kerv Wearables (England), Logbar (Japan), Moodmetric (Finland), Shanxi Jakcom Technology (China), Oura (Finland), Vinaya (England) and Nimb (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2018, Kalevala Announced Smart Ring Launch Which Is Powered By Moodmetric, Through Which You Can Monitor Variation of Stress Levels and Many More Benefits
Market Drivers
- Growing Adoption of Cloud Services
- Rising Health Awareness among the Individuals
- Rise in Demand of Wearable Technology
Market Trend
- Increase Demand of Bluetooth-Enabled Connected Rings for Easily Integrated With Smartphones
- Rise in Trend of Contactless Payments
Opportunities
Rising in Penetration IoT Augments Growth of Global Smart Ring Market Is High
Challenges
NFC Based Smart Rings Has Limiting In Connectivity, Because NFC-Enabled Ring Required Wi-Fi Connectivity for Integration and NFC-Enabled Ring Limited to Using Only Through Third Party Application Such As That Offered By McLear
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Rings Study Sheds Light on
The Smart Rings Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Rings industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Rings industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.