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Who Needs a Smartwatch to Tell Time? Very Few, Says Gfk.

Gear 2 Neo Image Credit: Samsung

When it comes to a smartwatch's functionality, most consumers put the highest emphasis on the ability of this smart wearable to monitor activity and health. Gfk, a global market research company, in the release of a study and related infographics said that 25% of Germans say that the ability of the smartwatch to capture data on sports, health and fitness is the most important criteria determining their evaluation of a smartwatch's functionality. Similar trend is found in UK, US, China and South Korea with the percentage of consumers who choose the smartwatch's monitoring capability as the most important function in a smartwatch being 28%, 29%, 35% and 27% respectively.

In all these countries, buying a smartwatch for traditional watch functions was a priority for only 11% to 20% of consumers. These figures are based on data collected online from 1000 smartphone users in these countries. Other functions buyers in these countries find important in the selection of their smartwatch are the telephone function and use of apps for weather  forecasts, notifications and news bulletins, says Gfk.

In these countries, a purchase of a smartwatch is determined primarily by price, followed by functionality except for China, where consumers place the greatest importance on the accuracy of the smartwatch. According to Gfk, well-known technology companies are named as the preferred supplier of smartwatches by respondents in all countries. They are considerably ahead of sports brands in second place, it added.

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Author

Executive Editor and Telecoms Strategist at The Fast Mode | 5G | IoT/M2M | Telecom Strategy | Mobile Service Innovations 

Tara Neal heads the strategy & editorial unit at The Fast Mode, focusing on latest technologies such as gigabit broadband, 5G, cloud-native networking, edge computing, virtualization, software-defined networking and network automation as well as broader telco segments such as IoT/M2M, CX, OTT services and network security. Tara holds a First Class Honours in BSc Accounting and Finance from The London School of Economics, UK and is a CFA charterholder from the CFA Institute, United States. Tara has over 22 years of experience in technology and business strategy, and has earlier served as project director for technology and economic development projects in various management consulting firms.

Follow Tara Neal on Twitter @taraneal11, LinkedIn @taraneal11, Facebook or email her at tara.neal@thefastmode.com.

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