Kenneth Research has released a report titled “Smart Sleep Tracking Products Market: Global Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
During 2017-18, about 30% of working adults stated that they slept less than 6 hours per night. Moreover, around 40% of single parents sleep less than 7 hours per night when compared to about 30% of adults with no children and about 35% of adults in 2-parent homes.
Request Sample Report@ https://www.kennethresearch.com/sample-request-10352390
One of the major factors for different types of chronic diseases is due to lack of sleep. Owing to the surge in awareness for different sleep-related disorders worldwide, the demand for different types of smart wearables amongst the individuals has increased significantly. Smart sleep tracking products help to monitor an individuals sleep activities. Such a factor is therefore projected to contribute to the growth of the market in the coming years.
The global smart sleep tracking products market is anticipated to grow with a CAGR of 17.50% during the forecast period, i.e., 2020 – 2028. The market is estimated to garner a revenue of USD 11234.55 Million by the end of 2028. Additionally, in the year 2019, the market generated a revenue of USD 2631.57 Million. The market is segmented by product into smart pillows, under mattress embedded sensors, smart mattress, strip based sleep trackers, bedside sleep trackers, and wearable sleep trackers. The wearable sleep trackers segment, out of all the other segments, is projected to garner the largest revenue of USD 5175.76 Million by the end of 2028. Additionally, the segment garnered a revenue of USD 1165.08 Million in the year 2019.
By region, the global smart sleep tracking products market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America, out of the market in all the other regions is anticipated to garner the largest revenue of USD 4505.06 Million by the end of 2028. Additionally, the market generated a revenue of USD 1008.01 Million in the year 2019.
Browse Full Report @ https://www.kennethresearch.com/report-details/smart-sleep-tracking-products-market/10352390
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the surge in concern for counterfeit products, along with the high price of smart wearables are projected to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global smart sleep tracking products market, which includes company profiling of Withings SA, Apple Inc., Fitbit Inc., Koninklijke Philips N.V., Sleep Number Corporation, SAMSUNG, URGOTECH, Nokia Corporation, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Smart Sleep Tracking Products Market: Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall global smart sleep tracking products industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global smart sleep tracking products market in the near future.
Request Sample Report@ https://www.kennethresearch.com/sample-request-10352390
Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: sales@kennethresearch.com
U.S. Phone: +1 313 462 0609
