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Wearable Electronics Global Strategic Industry Report 2024: Market to Reach $173.7 Billion by 2030 from $32.5 Billion in 2022 – Miniaturized, High Performance Wearable Devices Boosts Prospects

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DUBLIN, March 1, 2024 /PRNewswire/ — The “Wearable Electronics – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Wearable Electronics Market to Reach $173.7 Billion by 2030

The global market for Wearable Electronics estimated at US$32.5 Billion in the year 2022, is projected to reach a revised size of US$173.7 Billion by 2030, growing at a CAGR of 23.3% over the analysis period 2022-2030. Wristwear, one of the segments analyzed in the report, is projected to record 21.6% CAGR and reach US$89.2 Billion by the end of the analysis period. Growth in the Eyewear segment is estimated at 25.8% CAGR for the next 8-year period.

Wearable electronics have witnessed a historical journey, expanding their applications and solutions with miniaturized, high-performance devices. Wrist-worn devices dominate the global market, with consumer electronics representing the largest end-use sector. While developed regions lead in adoption, developing regions show potential for future growth.

Competition in the wearable electronics market is intense, with key competitors vying for market share. The competitive market presence of players worldwide varies, categorized as strong, active, niche, or trivial. Recent trends also reflect the impact of COVID-19 and the potential effects of a global recession on this burgeoning industry. 

The U.S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 26.2% CAGR

The Wearable Electronics market in the U.S. is estimated at US$12.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$19.7 Billion by the year 2030 trailing a CAGR of 26.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 18.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR.

MARKET OVERVIEW

Influencer Market InsightsWorld Market TrajectoriesWearable Technology: The Transition from Science Fiction to RealityHistorical Journey of Wearable TechnologyApplications & Solutions of Wearable ElectronicsWearable Electronics Market: Expanding Applications of Miniaturized, High Performance Wearable Devices Boosts ProspectsWrist-Wear Dominates Global Wearable Electronics MarketConsumer Electronics: The Largest End-Use MarketDeveloped Regions Lead, Developing Regions at the Forefront of Future GrowthWearable Electronics – Global Key Competitors Percentage Market Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)Smartwatch Market Worldwide: Breakdown of Unit Shipments (in %) by Company for 2019Impact of Covid-19 and a Looming Global Recession

MARKET TRENDS & DRIVERS

Expanding Internet Connectivity and Growing Consumer Demand for Advanced Wearable Devices Fuels Market ProspectsRapid Increase in Penetration Rate of InternetRising Number of IoT and Connected Devices Drive Growth in Wearable Electronics MarketWorld IoT Market: Number of Connected Devices (in Million) for Years 2016, 2018E, 2020P and 2022PMarket Share Scenario of Connected Devices in Global Internet of Things (IoT) by Geographic RegionGrowing Prominence of Wearable Tech in Healthcare Propels Market GrowthGlobal Digital Healthcare Opportunity (in US$ Billion) for the Years 2017, 2019, 2022, 2024 and 2026Chronic Diseases Management: A Key Focus AreaNeed for Continuous Monitoring of Elderly Patients as Part of Chronic Disease Management Drives GrowthRising Consumer Awareness about Health & Fitness Spells Growth for WearablesPotential Role for Wearable Electronics in Patient Monitoring and Tracking SystemsSmart Clothing Gains Acceptance in Neonatal MonitoringWearables Technology Makes Diabetes ManageableRising Diabetes Prevalence Presents Opportunity for Wearable Electronics Market: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2019 and 2045ECG Monitoring Wearables: A Promising Area of GrowthIncreasing Significance of Wearables in Pain ManagementWearable Sleep Monitoring TechnologyWearable EEG MonitorsSmart Medical Textile Garments: An Emerging Area of InterestWrist Wear: A Revolutionary Wearable Phenomenon Fuels GrowthHybrid Smartwatch Sales Drive Market GrowthSmart Glasses for Multiple Industry ApplicationsWith Wearable Computing Gaining Mainstream Attention, the Time is Ripe for Mobility in the Realm of Augmented RealityGrowing Technology & Commercialization Activity Surrounding AR to Benefit Development of Smart AR GlassesActivity Trackers to Lead Growth in Wearable Sports and Fitness Devices MarketA Comparative Review of Popular Fitness TrackersIncreasing Obesity Levels Underpin Market GrowthSmart Clothing Transforming the Wearable Technology Products MarketSmart Fabrics: The Next Big Wave of WearablesNovel Opportunities for Smart Fabrics across Various SectorsHealthcareTransportationSports & FitnessWorkwearMicroencapsulation & Nanotechnologies: Harbingers of Future GrowthHearables, the Smart Headphones, Come to the ForeIncreasing Popularity of Wearables in Infotainment & Gaming IndustryEnterprise Applications of Wearables Present Growth Potential for Wearable Electronics MarketWearable Technology Boosts CRMRising Adoption of Wearable Technology in Industrial Sector Drives GrowthCloud Computing Drives the Momentum in Wearable Electronics MarketCombination of AI and Wearable Technology Transforms the Wearable Electronics MarketGlobal Market for Wearable AI in US$ Billion for the Years 2018, 2020, 2022 and 2024Development of Low Power Electronics: An Opportunity for Wearable Electronics MarketUltra-low Power Microcontrollers Extend Battery Life of High-Performing, New Generation Wearable Devices: Global Ultra-low Power Microcontroller Market (In US$ Billion) for the Years 2018, 2020, 2022 & 2025A Peek into Enabling TechnologiesTechnical Aspects of Wearable DevicesSensor Integration for Advanced Wearable TechnologyBattery Power: An Important Criterion for SuccessTechnology Advancements Power Wearable Electronics MarketCollaboration Vital for Innovations in Wearable TechKey Challenges Confronting Wearable Electronics MarketCommon Issues with Wearable ElectronicsWearables Attract Venture Capital Funding

FOCUS ON SELECT PLAYERS (Total 133 Featured)

Apple, Inc. (USA)Bose Corporation (USA)Epson America, Inc. (USA)Fitbit, Inc. (USA)Garmin Ltd. (USA)Huawei Technologies Co., Ltd. (China)Infineon Technologies AG (Germany)LG Electronics, Inc. (South Korea)Lifesense Group B.V. (The Netherlands)Lumus Ltd. (Israel)Misfit, Inc. (USA)Qualcomm Technologies, Inc. (USA)ReSound (Denmark)Samsung Electronics Co., Ltd. (South Korea)Shimmer Research, Inc. (Ireland)Sony Corporation (Japan)Texas Instruments, Inc. (USA)Titan Industries Ltd. (India)Vuzix Corporation (USA)Xiaomi Corporation (China)

For more information about this report visit https://www.researchandmarkets.com/r/4lic87

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Virtusa Earns 2024 Great Place to Work® Certification™ for Third Consecutive Year

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SOUTHBOROUGH, Mass., Dec. 23, 2024 /PRNewswire/ — Virtusa Corporation, a global leader in digital business strategy, digital engineering, and IT services, is proud to announce its 2024 Great Place to Work® Certification™ for the third consecutive year. This recognition spans seven countries – India, USA, Canada, UK, UAE, Australia, and Singapore – and underscores Virtusa’s dedication to fostering a High-Trust, High-Performance workplace culture globally.

The certification is based on rigorous employee feedback, with Virtusa achieving an impressive Trust Index™ score of 79% and an Employee Net Promoter Score (eNPS) of 73%. Notably, 81% of employees agreed with the statement, “Taking everything into account, I would say this is a great place to work.”

Key areas of improvement over the past year include professional development, equal treatment, making a difference, and creating a welcoming environment.

“We are incredibly honored to receive the Great Place to Work® Certification™ for the third consecutive year,” said Lori Mullane, Chief People Officer at Virtusa. “This recognition reflects our unwavering commitment to creating an inclusive and empowering workplace where employees feel valued, supported, and inspired to achieve their best. Investing in a culture of trust, collaboration, and growth enables our teams to deliver exceptional value to our clients and communities.”

Virtusa’s commitment to professional development, diversity, and well-being reflects its efforts to build a supportive and inclusive environment. With industry-leading initiatives like Engineering IQ for career progression, robust upskilling programs, and a focus on belonging and fairness, Virtusa has created a culture where employees can thrive.

The Certification is a testament to Virtusa’s leadership in workplace culture, which supports over 30,000 employees globally. As the company continues to grow, its mission remains steadfast in providing a High-Trust, High-Performance environment that drives innovation, collaboration, and employee satisfaction.

For more information about Virtusa’s workplace culture and career opportunities, visit https://www.virtusa.com/careers.

About Great Place to Work®
Backed by 30 years of data, Great Place To Work is the global authority on workplace culture. Through its proprietary For All™ Model and Trust Index Survey, it gives organizations the recognition and tools to create a consistently positive employee experience. Its mission is to help every place become a great place to work for all, driving business growth, improving lives, and empowering communities. Through globally recognized and coveted Great Place To Work Certification and highly competitive Best Workplaces™ Lists, Great Place To Work enables employers to attract and retain talent, benchmark company culture, and increase revenue. Its platform enables leaders to truly capture, analyze and understand the experience of every employee, and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.

About Virtusa
Virtusa Corporation provides digital engineering and technology services and solutions for Forbes Global 2000 companies across industries, including financial services, healthcare, telecommunications, media, manufacturing, and technology. With a foundation in digital engineering, Virtusa empowers enterprises to navigate digital transformation, driving operational efficiency and measurable outcomes. Leveraging its Engineering First approach, Virtusa partners with organizations to tackle complex challenges, delivering solutions that ensure resilience and competitive advantage.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact: 
Paul Lesinski
Edelman
(971) 226-5299 
paul.lesinski@edelman.com 

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DogeRide Unleashes a New Era of Pet-Friendly Ridesharing in Denver

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DogeRide, Denver’s newest and most innovative ridesharing service, is proud to announce the official launch of its pet-friendly hailing app in Denver, CO Metro Area.

DENVER, Dec. 23, 2024 /PRNewswire-PRWeb/ — DogeRide, Denver’s newest and most innovative ridesharing service, is proud to announce the official launch of its pet-friendly hailing app.

“We wanted to create a ridesharing service that embraces that spirit, providing a solution for dog lovers who want their furry companions to be part of their daily lives. DogeRide is more than a rideshare; it’s a celebration of Denver’s dog-friendly culture.”

Designed to bring convenience and joy to pet lovers, DogeRide allows drivers to ride with their dogs as companions while welcoming riders to travel with their furry friends. With Denver being one of the most dog-friendly cities in the country, this service is set to revolutionize how residents and their dogs move around town.

DogeRide aims to address a growing demand for pet-friendly transportation. Riders no longer have to worry about leaving their four-legged friends behind or struggling to find a rideshare that accommodates their pets. The DogeRide app allows seamless booking and ensures all participating drivers are comfortable with canine passengers.

To ensure a safe and pleasant ride, dogs must weigh under 80 pounds and be on a leash or in a crate during the journey.

Denver is a city that thrives on community and outdoor adventures, and dogs are a huge part of that lifestyle,” said Phil Warfield and Divine Tumenta, both Co-founders of DogeRide. “We wanted to create a ridesharing service that embraces that spirit, providing a solution for dog lovers who want their furry companions to be part of their daily lives. DogeRide is more than a rideshare; it’s a celebration of Denver’s dog-friendly culture.”

The app’s user-friendly interface allows riders to indicate when they’re bringing a dog along, ensuring that drivers are prepared for their canine co-pilots. Additionally, all DogeRide drivers are trained to prioritize safety and comfort for both human and canine passengers. From trips to the vet or park to daily commutes, DogeRide is committed to making every journey tail-waggingly fun and hassle-free.

DogeRide also offers unique features tailored to the needs of dog owners and pet-loving drivers. Drivers are encouraged to bring their dogs along for companionship while working, creating a warm and welcoming atmosphere for riders. This innovative approach not only enhances the drivers’ experience but also provides riders and their dogs with a sense of familiarity and connection.

“DogeRide is the ultimate ridesharing service for dog lovers because we’ve designed it with the needs of Denver’s vibrant pet-owning community in mind,” said Chad Harris, Co-founder of DogeRide. “Whether you’re heading to the dog park, running errands, or going on an adventure, DogeRide ensures your furry friend can come along for the ride. We’re thrilled to be part of Denver’s pet-friendly ecosystem.”

DogeRide’s mission is to create a safe, reliable, and dog-inclusive transportation option that reflects the unique lifestyle of Denver residents. As part of its commitment to the community, DogeRide plans to partner with local animal shelters and pet organizations to support adoption events and promote responsible pet ownership.

DogeRide is now available for download on iOS and Android devices. For more information, visit www.dogeride.com.

Media Contact

Nick Dell, DogeRide Technologies Inc, 1 7207817533, support@dogeride.com, https://www.dogeride.com/ 

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Omnis Investments Limited Extends Relationship with SS&C

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WINDSOR, Conn., Dec. 23, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Omnis Investments Limited has extended its transfer agency relationship with SS&C. The contract services Omnis’s range of mutual funds, which invest across several asset classes and regions.

With more than GBP10 billion of assets under management, Omnis is one of U.K.’s largest asset managers and works closely with clients of The Openwork Partnership, a network of 4,200 financial advisers across the country. Omnis also collaborates with 2plan wealth management, a leading wealth management firm in the U.K.

“SS&C is a long-term valued partner to Omnis, and we are looking forward to continuing our work together on ways to enhance the experience of our clients and achieve our goals,” said Simon Harris, Chief Operating Officer at Omnis. “Together with SS&C, we are committed to providing a high standard of service to all of our clients and evolving our digital service offering.”

“We are pleased to extend our valued long-term relationship with Omnis,” said Spencer Baum, Managing Director Head of Client Management, SS&C GIDS. “SS&C is committed to delivering exceptional omnichannel servicing and support to all customer types.”

Learn more about SS&C’s Global Investor and Distribution Solutions here.

About Omnis Investments Limited

Omnis Investments manages over GBP10 billion in assets, working as part of The Openwork Partnership, a network of 4,200 financial advisers across the country helping people look forward with confidence and optimism. Omnis has a range of funds and strategies across the full risk/return spectrum, managed by leading investment managers. The Omnis funds are only available through advisers of The Openwork Partnership and 2plan wealth management.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

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