ReportsnReports . com adds new research report Global Smart Rings Market 2017-2021 . This report covers the present scenario and the growth prospects of the global smart rings market for 2017- 2021 . To calculate the market size , the report considers wearable rings that can be technologically integrated or connected to smart devices .
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The following companies are the key players in the global smart rings market : Jakcom , Kerv Wearables , Logbar , Mota , NFC Ring , Ringly , and Vinaya .
Other Prominent Vendors in the market are : Nimb , Oura , and TheTouch X .
Global Smart Rings Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . This report covers the market landscape and its growth prospects over the coming years . The report also includes a discussion of the key vendors operating in this market .
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About Smart Rings The smart ring wearables were the latest addition to smart wearables technology in 2015 . The smart rings are gaining popularity though they are overshadowed by smartwatches and smart bands . The application of smart rings is limited considering their compact size . The smart rings are mainly used for notifications , which are channeled from smartphones for calls , messages , and other apps . The smart rings can be used to unlock smartphones and smart door locks . Some of the near-field communication ( NFC ) -enabled smart rings are used for direct payment , which needs no authentication . The analysts forecast the global smart rings market to grow at a CAGR of 10.16 % during the period 2017-2021 .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
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One trend in market is investments by crowdfunding campaigns and venture capitalists . The prominent vendors in the global smart rings market are startups . There is high support in terms of investments through crowdfunding platforms such as Indiegogo and Kickstarter . Startups like Ringly raised over $ 100,000 in preorder sales during their launch in 2014 . Soon after it secured $ 5.1 million in series A funding led by Andreessen Horowitz along with Highline Ventures , Silas Capital , First Round Capital , Social Capital , MESA +, Brooklyn Bridge Ventures and PCH International . The startup NFC Ring , founded by John Mclear in 2013 , had raised funds of $ 266,367 through online crowdfunding platforms . The Kerv ring by a startup called Kerv Wearables had raised $ 121,471 in October 2015 from an online crowdfunding platform called Kickstarter .
Further , the report states that one challenge in market is bulky smart ring wearables . Consumers prefer wrist wear devices over smart rings due to their form factor and better functionalities . Wrist wear devices such as smartwatches weigh the same or even lesser than traditional watches and look