Smart Bottle Market - Increasing Number of Tech-Savvy Customers to Drive Growth of Market

The global smart bottles market is at a very nascent stage and is seen to be highly fragmented and largely dynamic. The global market is influenced by technologically advanced features of connectivity and innovative products. Leading players in the global market for smart bottles such as Thermos LLC, Spiritz, Adheretech Inc., and Myhydrate each accounted for less than 5% of the all-round revenue generated by the market across the globe in 2016.
Domestic and regional players have projected to witness vast opportunities of growth in regional areas on account of less strict regulations and rules associated to features and quality included in products compulsory for sale. Manufacturing of cheaper products with new features are expected to give an edge to regional players as compared to the global ones who pay more sums for the research and development of products. Global players could take advantage from associations, mergers with other leading companies in the domains of fitness and health and technology. 
Some of the key factors helping to drive the growth of the global market for smart bottles is the increasing awareness about healthcare and overall body fitness among the population across the globe. In addition to this, increasing population of tech-savvy customers and growing willingness to pay more sums for technologically advanced products and premium.
With capacities such as updating customers about the overall water intake over a specified time period, comparisons between different levels of body hydration among others are attracting tech-savvy customers and are thus helping in augmenting the overall growth of the global market in the coming years.

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