Artificial Intelligence
The Global Sports Watches Market size is expected to reach $40.9 billion by 2028, rising at a market growth of 7.5% CAGR during the forecast period
New York, Oct. 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Sports Watches Market Size, Share & Industry Trends Analysis Report By Price Point, By Distribution Channel, By End User, By Product Type, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06352781/?utm_source=GNW
A stopwatch and a timer for jogging or other physical exercise are typically included in this. Though some wristwatches called chronographs also include a stopwatch function, it is more frequently found in digital sports watches like G-Shocks.
Diver’s watches, for example, frequently have an outer revolving bezel that doubles as a timer and is quite practical. Divers frequently utilize dive bezels to determine when their oxygen tank will run out. A watch is a portable, wearing clock that is portable. It is designed to keep moving continuously despite any motions caused by the person’s activities.
A watch strap or other bracelets, such as one made from metal, leather, or another material, can be used to secure a timepiece around the wrist. In addition to typically being attached to anything, a pocket watch is designed to fit in a person’s pocket. In the 17th century, watches were developed from spring-powered clocks, which originally appeared in the 14th century.
For the bulk of its history, the watch was a mechanical instrument that ran on clockwork, was powered by spinning a mainspring, and kept time by oscillating a balancing wheel. These watches are referred to as mechanical. The electronic quartz watch, which used a vibrating quartz crystal to keep time and was powered by a battery, was created in the 1960s.
COVID-19 Impact Analysis
With the help of sports watches pre-symptomatic carriers are unlikely to be recognized using current testing techniques because most infections are only discovered after symptoms manifest, which makes it challenging to implement early-stage medications that reduce transmission. Therefore, there is a critical need for straightforward, reasonably priced methods for the early, real-time identification of COVID-19 can increase the growth of the sports watches market.
Market Growth Factors
Watches For Sports Offer Unparalleled Biofeedback
Sports watches that go above and beyond the standard fare can offer the user smooth biofeedback, which is information essential to athletic growth. When combined with data on the weather and oxygen levels, instantaneous data on speed, heart rate, and heart rate variability effectively paints a complete picture of the current training state. A seamless connection between information and real-time performance states is made possible by the biofeedback data a watch provides, something a phone can’t claim.
Users Are Encouraged To Take A Moment To Breathe And Pause
Some sports watches have pre-installed features that can send users notifications to take a breather. Some of these applications offer the ability to customize someone’s watch’s daily reminders to take a moment to breathe, as well as guided breathing exercises that may last anywhere from one to five minutes and are intended to help people de-stress. Little prompts during the day to keep breathing in the back of the head can assist to lower overall stress levels, regardless of whether people are aware of the propensity to flip out under stressful situations or normally remain composed.
Market Restraining Factors
Cost-Prohibitive And Inaccurate Data
The heart rate sensor and steps counter in a smartwatch are not known for their accuracy. Hopefully, the brands are evaluating the data and trying to improve sensor feedback. Luxury goods cost a lot of money. That idea is neither novel nor ground-breaking. However, buying a Ferrari or an Andy Warhol painting results in a price tag that most people are happy to accept — seller, buyer, and the overall market — equivalent objects from the world of timepieces are frequently held up as “too expensive.” Not that buying a watch for the same price as a sports car is a good idea.
Product Type Outlook
Based on the Product Type, the Sports Watches Market is segmented into Mechanical Sports Watch and Digital Sports Watch. The digital segment witnessed a significant revenue share in the sports watches market in 2021. Digital watches have a more contemporary appearance and show the time digitally. Digital wristwatches either have LED or LCD dials. Quartz movement is used in digital timepieces, just like it is in analog watches.
End Users Outlook
On the basis of End Users, the Sports Watches Market is divided into Men and Women. The men’s segment procured the largest revenue share in the sports watches market in 2021. There are several uses for sports watches. People frequently use them when exercising or engaging in sports, but many of them may be worn in a variety of situations without worrying about the watch being damaged because of their robust construction and water resistance.
Price Point Outlook
By Price Point, the Sports Watches Market is classified into Luxury and Economic. The luxury segment garnered the highest revenue share in the sports watches market in 2021. It is because a luxury sports watch is more streamlined and durable than a dress watch while also being more attractive than a tool watch. The Audemars Piguet Royal Oak is the undisputed luxury sports watch that springs to mind when considering these, admittedly, rudimentary criteria.
Distribution Channel Outlook
On the basis of Distribution Channel, the Sports Watches Market is bifurcated into Brand Outlets, E-commerce, Others, and Specialty Stores. The e-commerce segment witnessed a substantial revenue share in the sports watches market in 2021. E-commerce is a result of the high internet penetration rate and rising smartphone usage. Consumer selections for home electronics purchases have been significantly influenced by online shopping sites like Flipkart, Walmart, and Amazon.
Regional Outlook
Region-wise, the Sports Watches market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region procured a promising revenue share in the sports watches market in 2021. Due to the expanding consumer electronics sector and the quick emergence of smartwatch market vendors in the region’s rising nations, Asia-Pacific is predicted to have the fastest growth in the smartwatch market.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Apple, Inc. and Fitbit, Inc. are the forerunners in the Sports Watches Market. Companies such as Garmin Ltd., Samsung Electronics Co., Ltd., Fossil Group, Inc. are some of the key innovators in Sports Watches Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC (Fitbit, Inc.), Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Garmin Ltd., Fossil Group, Inc., COROS Wearables, Inc., Polar Electro Oy, Suunto Oy (Amer Sports Corporation), and Rolex SA.
Recent Strategies Deployed in Sports Watches Market
Partnership, Collaboration and Agreement:
Jul-2022: Polar Electro joined hands with LiveWell, Zurich Insurance Group’s (Zurich) health and wellbeing business. Together, the companies would provide consumers the option to more easily reach and exceed their sports and fitness plans when utilizing their Polar products in conjunction with the LiveWell application.
Product Launch and Product Expansion:
Aug-2022: Garmin unveiled Venu Sq 2 and Venu Sq 2 Music, two new GPS watches. The new watches include a more colorful and crisper screen, health tracking show, and items are largely exact, with blood oxygen saturation (SpO2) tracking, 24-hour heart rate monitoring, sleep tracking, and stress monitoring. Moreover, the watch is equipped with 25 exercise modes and is now loaded with pilates, weightlifting, yoga, and pilates workouts.
Jul-2022: Apple introduced an extreme sports version of the Apple Watch. The new extreme sports would have the biggest smartwatch display to date, along with a larger battery and tough metal casing along with a larger battery in order to adjust longer training times. Moreover, the watch would utilize a stronger metal than aluminum and have a better shatter-resistant screen.
Apr-2022: Suunto introduced Suunto 9 Peak Full Titanium Black. The new launch strengthens the brand’s supreme collection by adding a superior model, which offers a diamond-like carbon-coated titanium bracelet. Additionally, the sleek design and elegant aesthetic of the Suunto 9 Peak Full Titanium Black makes the sports watch refined sufficiently to wear in more traditional settings and the enclosed flexible silicone strap permits for a seamless shift to adventure and sports.
Sep-2021: Apple unveiled the new Apple Watch Series 7, featuring a re-engineered Always-On Retina display. The new Apple Watch is driven by watchOS 8 which delivers new abilities to assist consumers to track activity and workouts, staying connected, and better comprehending their general health and wellness.
Acquisition and Merger:
Feb-2022: Apple completed the acquisition of AI Music, an AI startup that utilizes artificial intelligence to develop personalized soundtracks and adaptive music. This acquisition would permit Apple to leverage AI Music tech in various forms of songs that can revise based on heart rhythm could be beneficial for Apple Fitness+ or Apple Music’s algorithm.
Jun-2020: Garmin completed the acquisition of Firstbeat Analytics Oy, a privately-held supplier of physiological analytics and metrics for customer devices. This acquisition aimed to deliver consumers with unmatched technology for enhanced performance, recovery, and comprehensive health.
Scope of the Study
Market Segments covered in the Report:
By Price Point
• Luxury
• Economic
By Distribution Channel
• Specialty Stores
• Brand Outlets
• E-commerce
• Others
By End User
• Men
• Women
By Product Type
• Mechanical
• Digital
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Apple, Inc.
• Samsung Electronics Co., Ltd. (Samsung Group)
• Google LLC (Fitbit, Inc.)
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Garmin Ltd.
• Fossil Group, Inc.
• COROS Wearables, Inc.
• Polar Electro Oy
• Suunto Oy (Amer Sports Corporation)
• Rolex SA
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06352781/?utm_source=GNW
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Artificial Intelligence
Slovenian Tourist Board Unveils Innovative Projects to Enhance Tourism and Sports Visibility: Audio Stories, AI-Powered Virtual Assistant, and “Slovenia – Sports Destination” Website
LJUBLJANA, Slovenia, May 28, 2024 /PRNewswire/ — Slovenia is a land of countless natural beauties, cultural treasures, top health and wellness resorts and superb gastronomy, which the Slovenian Tourist Board aims to showcase to visitors in an innovative and attractive way. To achieve this, the Board continually analyzes current marketing trends and develops projects designed to excite tourists, spark their curiosity and inspire them to explore further.
By staying at the forefront of marketing strategies, the Slovenian Tourist Board ensures that the country’s unique attractions are presented in the most engaging and appealing manner possible. The most recent projects to boost Slovenia’s visibility include three new projects: Sounds Like Slovenia, a series of audio stories, an AI-powered virtual assistant named Alma on slovenia.info and the “Slovenia – Sports Destination” website.
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Meet Alma, an AI-powered virtual assistant
Alma, named after the adventurous traveller and writer Alma M. Karlin, operates using advanced AI technology, filtering content to suit user interests. She sources reliable information from the slovenia.info database and over 50 verified websites of Slovenian tourist destinations and providers. As one of the first AI assistants in Slovenian tourism, and among the few AI assistants integrated in national tourism organizations’ websites in Europe, Alma positions slovenia.info as a reliable source of information and inspiration for international visitors.
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Slovenia – Sports Destination Website
The Slovenia–Sports Destination website serves as a comprehensive resource for organizing sports activities and events, conferences, rehabilitation and inspiration, available in both Slovenian and English. Sports agencies, clubs, and event organizers can use the portal to connect directly with relevant partners in Slovenia. The website also provides direct contacts for specialized sports agencies and federations, assisting with the organization of preparatory matches and other logistical needs. Information on sports accommodations is also available.
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Sounds Like Slovenia
Thematic playlists on Spotify and sound stories on slovenia.info provide an immersive audio experience of Slovenia’s landscapes and cultural offerings. Themes are categorized into five categories: the Sounds of Nature, Thrilling Outdoor Adventures, Cities and Culture, Health and Well-Being, and Gastronomy. Crafted for the global digital campaign, the audio list aims to captivate travelers worldwide.
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Together, these projects demonstrate Slovenia’s dedication to innovation and sustainability in tourism, offering visitors unforgettable experiences in this vibrant European destination with a green heart.
Photo: https://mma.prnewswire.com/media/2422785/Sounds_like_slovenia.jpg
View original content:https://www.prnewswire.co.uk/news-releases/slovenian-tourist-board-unveils-innovative-projects-to-enhance-tourism-and-sports-visibility-audio-stories-ai-powered-virtual-assistant-and-slovenia—sports-destination-website-302156165.html
SHENZHEN, China, May 28, 2024 /PRNewswire/ — On May 26, the closing and awards ceremony of the Huawei ICT Competition 2023–2024 Global Final was held in Shenzhen. This year’s competition attracted more than 170,000 students from over 2,000 universities and colleges across more than 80 countries and regions, making it the largest offline competition since its launch. More than 160 teams, adding up to a total of 470 contestants from 49 different countries and regions, made it through national and regional competitions to reach this year’s global final, held in Shenzhen May 23-26.
After fierce competition, 19 teams from nine countries (Algeria, China, Nigeria, Pakistan, Poland, the Philippines, Tanzania, Türkiye, and Uganda) won the Grand Prizes of the Practice and Innovation Competitions. The Best Social Media Popularity Award was won by a team from Pakistan. The Green Development Award was won by two teams from China and Morocco. The Women in Tech Award was granted to four teams from Kenya, Malaysia, Morocco, and Uganda. And the TECH4ALL Digital Inclusion Award was won by two teams from China and the Philippines.
Zhou Hong, President of Huawei’s Institute of Strategic Research, said: “To make sure everyone can truly enjoy the benefits of digitalization while such technologies are making radical progress, Huawei believes it is crucial to guarantee that digital technologies are accessible to all.”
Stefania Giannini, UNESCO Assistant Director-General for Education, said in a video message:,”UNESCO works to uphold the basic rights and agency of every learner and teacher when using digital technology and AI, and promote an inclusive, equitable, open, and secure digital future for all. Many thanks to our partners like Huawei for their longstanding support.”
Ritchie Peng, President of Huawei’s ICT Strategy and Business Development Department, stated: “ICT is the cornerstone of the intelligent world. Through the Huawei ICT Competition, we aim to provide students with a global platform to compete and exchange ideas.”
On the same day, Huawei also held the ICT Accelerating Education Transformation Summit. At the summit Huawei awarded 24 instructors the title “Huawei ICT Academy Global Most Valuable Instructor.” The awards, given out for the first time this year, aims to show gratitude for the important contributions the instructors have made to talent development, and mark them as role models showing how the brightest minds can grow even brighter. These role models will help drive sustainable development of the ICT talent ecosystem.
The Huawei ICT Competition is an annual contest held by Huawei for global university and college students. Through the competition, Huawei aims to provide students with an international platform for healthy competition and exchange of ideas. Since its launch in 2015, the competition has helped students enhance their ICT knowledge and practical skills, while also increasing their ability to innovate by using new technologies and platforms. The ultimate goal is to advance technological development and facilitate digital inclusion around the world.
Photo – https://mma.prnewswire.com/media/2423048/Closing_awards_ceremony.jpg
View original content:https://www.prnewswire.co.uk/news-releases/winners-of-huawei-ict-competition-20232024-global-final-announced-302156441.html
TAIPEI, May 28, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, CTOne, a global cybersecurity leader in communication technology, and Vertex, a professional system integrator of 5G private network, join forces for groundbreaking POC targeted to advance 5G private network security within semiconductor manufacturing site framework. Designed to address the specific cybersecurity challenges common in OT networks, collaborative solution offers unparalleled protection, and seamless integration into existing network architectures with minimal disruption to operations during deployment.
Improved Network Security
NEXCOM’s 1U Edge server, the TCA 5170, delivers scalable performance and advanced cybersecurity features, empowering manufacturers with robust OT network protection. Leveraging cutting-edge technologies, the TCA 5170 accelerate encryption and decryption processes, ensures authentication and real-time threat detection, safeguarding private networks against evolving cyber threats. Its scalability makes it ideal for deployments of all sizes, from smaller production lines to semiconductor giants, providing comprehensive security solutions for diverse industrial needs.
More Visibility, Easier Management
The integrated solution simplifies the management of complex OT networks, enabling IT teams to efficiently monitor and manage network security while optimizing resource utilization. CTOne’s virtualized private 5G security software, installed on TCA 5170 and deployed at strategic points at the semiconductor manufacturing site, integrates seamlessly across IT and CT networks to deliver full visibility with real-time monitoring of data traffic. Combined with CTOne’s built-in 5G protection capabilities, the solution enable immediate interception and isolation of threats while supporting a Zero Trust strategy.
“This collaboration has been pivotal in delivering a comprehensive cybersecurity solution for semiconductor manufacturing sites,” said Ming-Yang, Yi, senior manager of AMEA business development group of CTOne. “By integrating our advanced 5G visibility and security capabilities with NEXCOM’s TCA 5170, we’ve created a robust solution that enhances data protection and optimizes operational efficiency of private 5G networks.”
“Working alongside NEXCOM and CTOne has allowed us to deliver a truly comprehensive cybersecurity solution for private 5G network,” said Willis Fu, Technical Director at Vertex. “Bringing together NEXCOM’s TCA 5170 and CTOne’s Mobile Network Security solution ensures seamless protection of the private 5G network, providing our end customer with peace of mind and confidence in their operations.”
“The TCA 5170 is a compact 1U server that offers different configurations and scalable performance, allowing our ecosystem partners to easily adapt and run their applications for deployments of all scales,” said Jennifer Lan, Sales & Marketing Director of Network & Communication Solutions at NEXCOM. “Our successful collaboration with CTOne and Vertex underscores our commitment to providing top-tier security and operational efficiency for our clients.”
Read full Case Study: Security-Solution-to-Protect-Private-Networks-at-Semiconductor-Facilities.pdf (nexcom.com)
This joint solution can be experienced firsthand at upcoming exhibitions:
May 29 – May 31, 2024, CommunicAsia 2024, Singapore, Singapore EXPO, Hall 4, booth 4E3-14June 26 – June 28, 2024, COMNEXT, Japan, Tokyo, Tokyo Big Sight, South Hall, Booth 9-14About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
Photo – https://mma.prnewswire.com/media/2423000/3__End_to_End_Cybersecurity_Solution_to_Protect_Private_Networks_at_Semiconductor_Facilities.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/nexcom-ctone-and-vertex-join-forces-to-enhance-private-network-security-302156384.html
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