Google Acquires Smartwatch OS Startup Cronologics

United States: Google, an American multinational technology company has acquired the cronologics, a startup developing the OS for smartwatch. Deals and terms are not disclosed but the cronologics team will be joining the Android wear division.

Cronologics in its statement said “We see strong alignment with Android Wear’s mission and look forward to working with our new colleagues at Google to continue pushing the frontier of wearable technology and smartwatches with Android Wear 2.0 and beyond.”

TechSci Research depicts with this acquisition, google will flush out the capabilities in Android wear and will enhance its android wear division. Further, with growing technological advancements and usage, smartwatch industry will grow significantly across the globe.

According to the recent report published by TechSci Research, “Global Smartwatch Market By Type (Classic, Standalone and Extension), By Application (Personal Assistance, Wellness, Medical/Health, etc.), By Operating System (Watch OS, Android, Tizen, RTOS, etc.), Competition Forecast and Opportunities, 2012-2021”, the global market for smartwatch is projected to grow at a CAGR over 25% during 2016-2021. Personal assistance application dominated global smartwatch market, on account of increasing usage of third party application in connected devices and rising demand for technologically advanced products. North America was the major demand generator for smartwatches across the globe, due to increasing number smartphone users, growing shift towards standardized connectivity coupled with increasing usage of smart functions. Apple Inc., Samsung Electronics Co. Ltd., Pebble Technology Corp., Garmin Ltd., etc., are few of the elading players in global smartwatch market.