Verizon introduced new smartwatch Wear24 with Android Wear 2.0

Verizon launched smartwatch enabled with better LTE Connectivity & Android Wear 2.0

United States: Verizon, a broadband telecommunication company, recently introduced its first smartwatch in the market. The smartwatch will run on the latest iteration of Android Wear and will support the features such as LTE, Wi-Fi and NFC connectivity.

To meet up the expectations of the smartwatch users, including lack of LTE connectivity coupled with the lack of device-specific apps, the company has entered the foray of smartwatch market. The company’s smartwatch will enable the devices to work independently from smartphones, hence providing an enhanced experience to the users.          

TechSci Research depicts that with the growing adoption of smartwatch in the developing countries for keeping track on daily habits and while carrying outdoor activities will pave way for smartwatch market in coming years. The launch of Smartwatch by Verizon with various features along with innovative solutions and technology will make the product adaptable for all needs of the consumers.

According to the recent report published by TechSci Research, “Global Smartwatch Market  By Type, By Application, By Operating System, 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 leading players in global smartwatch market.