Increasing Spend from Sports and Media Industry Driving the Demand for Wearable Cameras
London, May 09, 2018: Sports and media industries will likely contribute nearly 52% share to the global wearable camera category during the forecast period. The increasing spend from these end-user industries across North America and Europe is expected to drive the demand for wearable cameras during the forecast period. In addition, value-added product features such as instant media sharing, and customization of settings related to widgets and transfer medium will result in high demand for wearable cameras from media and entertainment industries.
SpendEdge’s latest procurement research report on the global wearable camera market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the information technology, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“The rise in product life cycle will constraint the market growth toward the end of the forecast period. Growing awareness about the product will boost the sales of wearable cameras in developing regions such as APAC and South America during the forecast period.” – Bhuvaneshwari Udayakumar, information technology expert at SpendEdge.
Buyers in the wearable camera market should collaborate with suppliers on a long-term basis. This type of collaboration will aid them to attain high negotiation power, which leads to cost-savings. In addition, it helps in drafting better product requirements for buyers.
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This procurement report on the wearable camera market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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