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The American multinational corporation Qualcomm Technologies has recently revealed its investment plans and marked that it will push investments in the Snapdragon Wear Platform. Not only this, but Qualcomm has also launched the Wearables Ecosystem Accelerator Program as Snapdragon Wear Shipments crossed 40 million. As reported by ET Telecom, the program includes device manufacturers, platform players, service providers, independent hardware and software vendors and system integrators who will work together with original equipment manufacturers to create and commercialise products and solutions. Qualcomm has also reported nearly 60 wearable industry leaders like Oppo, Vodafone, Verizon, BBK, Fossil will take part in the program.
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Wearables Market Elevated 21% Year-on-Year
The wearables market is growing at a rapid scale. As revealed by renowned market analysis firm International Data Corporation (IDC), the wearables market elevated 21% year on year, and it will grow further in the coming period. Pankaj Kedia, Senior Director and Global Head, smart wearables, Qualcomm Technologies, stated that the company is pushing investments in leading-edge ground-up silicon platforms and technologies.
It also plans to roll out new Snapdragon Wear Platforms across different sectors in the coming period to meet its long-term vision. On the other side, Jitesh Ubrani, Research Manager, WW Mobile Device Trackers, IDC, stated that customers are eyeing innovative approaches in wearable devices. The smartwatch segment has outpassed the heath and fitness tracking in terms of demand and growth across consumers and enterprise segments.
