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Smart Rings Market by Application, Technology, and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 151
  • SKU: IRTNTR74327
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The smart rings market share is expected to increase by USD 27.69 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 20.89%.

This smart rings market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart rings market segmentations by application (notifications, security, payment, health and wellness, and data transfer), technology (Bluetooth-enabled smart rings and NFC-enabled smart rings), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The smart rings market report also offers information on several market vendors, including Circular SAS, Contecto, E SENSES, Fujitsu Ltd., Haltian Oy, iQibla LLC, Jakcom Technology Co. Ltd., K Wearables Ltd., Logbar Inc., McLear Ltd., Origami Group Ltd., Oura Health Ltd., Proxy, Rajmall Inventives Pvt. Ltd., Ringly Inc., SLEEPON, TheTouch X s.r.o., Tokenize Inc., Ultrahuman Healthcare Pvt Ltd, and Vigofere Oy among others.

What will the Smart Rings Market Size be During the Forecast Period?

Smart Rings Market Size

Download Report Sample to Unlock the Smart Rings Market Size for the Forecast Period and Other Important Statistics

 

Smart Rings Market: Key Drivers, Trends, and Challenges

The multiple applications of smart rings are notably driving the smart rings market growth, although factors such as the presence of alternatives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart rings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Rings Market Driver

The multiple applications of smart rings are one of the factors driving the smart rings market growth. Smart rings can be used to unlock doors, monitor sleep patterns, and make payments. Significantly, vendors are expected to develop smart rings into utility devices with increased functionalities that can drive the market during the forecast period. For instance, Aina by LazyCo is an AI-powered smart ring that connects to the user's phone via Bluetooth and acts as a personalized remote for controlling smart home devices, booking cabs, and unlocking devices. Aina is also an easier way to take phone calls and talk with voice assistants privately by placing fingertips near the ear. Additionally, Aina acts as a fitness tracker. Thus, the multiple applications of smart rings will drive the growth of the market during the forecast period.

Key Smart Rings Market Trend

The popularity of wearable devices as payment methods is one of the key smart rings market trends fueling the market growth. The growing adoption of contactless payment options is increasing the number of partnerships among market participants to facilitate the use of wearable devices for payment. Vendors from various sectors, such as retail and clothing, are partnering with payment service providers so that they can accept contactless payments through wearable devices. Customers can pay through smartphones or wearables by holding their device near the terminal card reader. Hence, the growing preference for contactless payments through wearables devices and the rapid adoption of contactless payment terminals across the world is expected to drive the growth of the market during the forecast period.

Key Smart Rings Market Challenge

The presence of alternatives is one of the key factors challenging the smart rings market growth. A smartwatch is a digital device that offers numerous functionalities, such as making calls, messaging, and health monitoring, by tracking the steps taken, calories burned, heart rate, and sleep patterns. It provides customers with quick access to several apps on their smartphones. The smartwatch market accounts for a major share of wearable technology. Vendors such as Apple Inc. (Apple), Samsung Electronics Co. Ltd. (Samsung), Garmin Ltd. (Garmin), and Fitbit (owned by Alphabet Inc.) are dominant players in the market. Thus, the presence of such alternatives will challenge the market growth during the forecast period.

This smart rings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart rings market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart rings market during the forecast period.

Who are the Major Smart Rings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Circular SAS
  • Contecto
  • E SENSES
  • Fujitsu Ltd.
  • Haltian Oy
  • iQibla LLC
  • Jakcom Technology Co. Ltd.
  • K Wearables Ltd.
  • Logbar Inc.
  • McLear Ltd.
  • Origami Group Ltd.
  • Oura Health Ltd.
  • Proxy
  • Rajmall Inventives Pvt. Ltd.
  • Ringly Inc.
  • SLEEPON
  • TheTouch X s.r.o.
  • Tokenize Inc.
  • Ultrahuman Healthcare Pvt Ltd
  • Vigofere Oy

 

This statistical study of the smart rings market encompasses successful business strategies deployed by the key vendors. The smart rings market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

Product Insights and News

  • Jakcom Technology Co. Ltd. - Through the unified segment, the company offers smart rings, smart nail arts, and smart call bracelets. 
  • Jakcom Technology Co. Ltd. - The company offers smart rings such as R4 for RFID finger ring. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart rings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Rings Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart rings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Rings Market?

Smart Rings Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the smart rings market in North America. Market growth in this region will be faster than the growth of the market in Europe.

The increasing adoption of new technologies by consumers will facilitate the smart rings market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had negatively impacted the regional market. However, the recovery phase started in 2021, owing to the resumption of supply chain activities due to the initiation of vaccination drives all over the region, and is expected to continue during the forecast period.

What are the Revenue-generating Application Segments in the Smart Rings Market?

Smart Rings Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The smart rings market share growth in the notifications segment will be significant during the forecast period. Wearing a smart ring can give notifications from messaging and social media apps. Smart rings grant easy digital access without the need to constantly hold a mobile device. Typically, notifications include text messages, calls, calendar entries, and app notifications. Smart rings generally vibrate or flash a color to highlight notifications. Such factors of notifications will drive market growth in the forecasted period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart rings market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Smart Rings Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.89%

Market growth 2022-2026

$27.69 million

Market structure

Fragmented

YoY growth (%)

20.23

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, China, Japan, Germany, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Circular SAS, Contecto, E SENSES, Fujitsu Ltd., Haltian Oy, iQibla LLC, Jakcom Technology Co. Ltd., K Wearables Ltd., Logbar Inc., McLear Ltd., Origami Group Ltd., Oura Health Ltd., Proxy, Rajmall Inventives Pvt. Ltd., Ringly Inc., SLEEPON, TheTouch X s.r.o., Tokenize Inc., Ultrahuman Healthcare Pvt Ltd, and Vigofere Oy

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Smart Rings Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart rings market growth during the next five years
  • Precise estimation of the smart rings market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart rings industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart rings market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 5.3 Notifications - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Notifications - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Notifications - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Notifications - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Notifications - Year-over-year growth 2021-2026 (%)
    • 5.4 Security - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Security - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Security - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Security - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Security - Year-over-year growth 2021-2026 (%)
    • 5.5 Payment - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Payment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Payment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Payment - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Payment - Year-over-year growth 2021-2026 (%)
    • 5.6 Health and wellness - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Health and wellness - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Health and wellness - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Health and wellness - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Health and wellness - Year-over-year growth 2021-2026 (%)
    • 5.7 Data transfer - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Data transfer - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Data Table on Data transfer - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Chart on Data transfer - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Data transfer - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 49: Market opportunity by Application ($ million)

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 50: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Technology - Market share 2021-2026 (%)
    • 6.2 Comparison by Technology
      • Exhibit 52: Chart on Comparison by Technology
      • Exhibit 53: Data Table on Comparison by Technology
    • 6.3 Bluetooth-enabled smart rings - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Bluetooth-enabled smart rings - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Bluetooth-enabled smart rings - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Bluetooth-enabled smart rings - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Bluetooth-enabled smart rings - Year-over-year growth 2021-2026 (%)
    • 6.4 NFC-enabled smart rings - Market size and forecast 2021-2026
      • Exhibit 58: Chart on NFC-enabled smart rings - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on NFC-enabled smart rings - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on NFC-enabled smart rings - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on NFC-enabled smart rings - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Technology
      • Exhibit 62: Market opportunity by Technology ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 66: Chart on Geographic comparison
      • Exhibit 67: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 Italy - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 8.12 Canada - Market size and forecast 2021-2026
      • Exhibit 104: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.13 Japan - Market size and forecast 2021-2026
      • Exhibit 108: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 109: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 110: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 111: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.14 Market opportunity by geography
      • Exhibit 112: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 11.3 Haltian Oy
              • Exhibit 119: Haltian Oy - Overview
              • Exhibit 120: Haltian Oy - Product / Service
              • Exhibit 121: Haltian Oy - Key offerings
            • 11.4 Jakcom Technology Co. Ltd.
              • Exhibit 122: Jakcom Technology Co. Ltd. - Overview
              • Exhibit 123: Jakcom Technology Co. Ltd. - Product / Service
              • Exhibit 124: Jakcom Technology Co. Ltd. - Key offerings
            • 11.5 Logbar Inc.
              • Exhibit 125: Logbar Inc. - Overview
              • Exhibit 126: Logbar Inc. - Product / Service
              • Exhibit 127: Logbar Inc. - Key offerings
            • 11.6 McLear Ltd.
              • Exhibit 128: McLear Ltd. - Overview
              • Exhibit 129: McLear Ltd. - Product / Service
              • Exhibit 130: McLear Ltd. - Key offerings
            • 11.7 Oura Health Ltd.
              • Exhibit 131: Oura Health Ltd. - Overview
              • Exhibit 132: Oura Health Ltd. - Product / Service
              • Exhibit 133: Oura Health Ltd. - Key offerings
            • 11.8 Proxy
              • Exhibit 134: Proxy - Overview
              • Exhibit 135: Proxy - Product / Service
              • Exhibit 136: Proxy - Key offerings
            • 11.9 Rajmall Inventives Pvt. Ltd.
              • Exhibit 137: Rajmall Inventives Pvt. Ltd. - Overview
              • Exhibit 138: Rajmall Inventives Pvt. Ltd. - Product / Service
              • Exhibit 139: Rajmall Inventives Pvt. Ltd. - Key offerings
            • 11.10 Ringly Inc.
              • Exhibit 140: Ringly Inc. - Overview
              • Exhibit 141: Ringly Inc. - Product / Service
              • Exhibit 142: Ringly Inc. - Key offerings
            • 11.11 TheTouch X s.r.o.
              • Exhibit 143: TheTouch X s.r.o. - Overview
              • Exhibit 144: TheTouch X s.r.o. - Product / Service
              • Exhibit 145: TheTouch X s.r.o. - Key offerings
            • 11.12 Ultrahuman Healthcare Pvt Ltd
              • Exhibit 146: Ultrahuman Healthcare Pvt Ltd - Overview
              • Exhibit 147: Ultrahuman Healthcare Pvt Ltd - Product / Service
              • Exhibit 148: Ultrahuman Healthcare Pvt Ltd - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 149: Inclusions checklist
                • Exhibit 150: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 151: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 152: Research methodology
                • Exhibit 153: Validation techniques employed for market sizing
                • Exhibit 154: Information sources
              • 12.5 List of abbreviations
                • Exhibit 155: List of abbreviations
              • demand for infrastructure-as-a-service (IaaS): The ongoing migration from on-premise infrastructure to cloud-based services is having an impact on the revenues of original equipment manufacturers (OEMs) of servers, albeit the adverse impact on them is slightly milder than the effect on storage equipment. The emergence of IaaS has had a strong impact on the IT hardware market. The biggest advantage of IaaS is that it allows enterprises to scale operations or introduce innovations in the workflow without the need to make substantial investments in storage and servers for the traditional on-premise hardware environment. At the same time, cloud-focused infrastructure spending is expected to increase in terms of server, disk storage, and networking hardware.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Smart Rings market growth will increase by $27.69 million during 2022-2026.
                The smart rings market is expected to grow at a CAGR of 20.89% during 2022-2026.
                Technavio has segmented the smart rings market by geographic (North America, Europe, APAC, Middle East and Africa, and South America).
                Circular SAS, Contecto, E SENSES, Fujitsu Ltd., Haltian Oy, iQibla LLC, Jakcom Technology Co. Ltd., K Wearables Ltd., Logbar Inc., McLear Ltd., Origami Group Ltd., Oura Health Ltd., Proxy, Rajmall Inventives Pvt. Ltd., Ringly Inc., SLEEPON, TheTouch X s.r.o., Tokenize Inc., Ultrahuman Healthcare Pvt Ltd, Vigofere Oy are a few of the key vendors in the smart rings market.
                North America will register the highest growth rate of 33.98% among the other regions. Therefore, the smart rings market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                • US
                • Canada
                • China
                • Japan
                • Germany
                • Italy
                The key factors driving the smart rings market growth are:
                • Multiple applications of smart rings
                • Popularity of wearable devices as payment methods
                The smart rings market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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