According to the report, Increasing Trend of Fashion Consciousness among Youngsters
is one of the primary growth factors for the market. Growing Millennial Workforce
is also expected to contribute significantly to the Connected Beauty market. Overall, Individual
applications of Connected Beauty, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End-Users, such as Men, is boosting the Connected Beauty market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Subscription Type, such as Free, is boosting the Connected Beauty market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Device Types, such as Laptop, is boosting the Connected Beauty market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Connected Beauty market identified that the demand is rising in many different parts of the world as "Increasing the Use of Beauty Devices and technology-infused Products and Services
". Furthermore, some recent industry insights like "L’Oréal is researching connecting its makeup products through the Internet of Things (IoT) i.e a network of objects or “things” that can collect and exchange data with help of embedded electronics, software, sensors, and network connectivity. IoT technology will let L’Oréal track and target customers via products such as lipstick or mascara, see what customers are buying, and, in turn, let the cosmetics giant target consumers for future purchases." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Connected Beauty market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Connected Beauty market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.