Louis Vuitton Smartwatch Market Analysis.edited.docx -...

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Surname 1Student’s Name:Professor’s Name:Course:Date:Louis Vuitton Smartwatch Market AnalysisThe presence of a market plan is of great essence in the success of the product in the market. The inception of the Louis Vuitton Smartwatch will meet the demand for computerized wristwatches with functionalities that go beyond just timekeeping and basic smart features. The global smartwatch market as of 2017 was valued at $ 10,223.9 million, and it is estimated to witness a 22.7% annual growth rate (Prescient & Strategic Intelligence, 13). This arises from the increased awareness of personal health and fitness and the ability of smartwatches to control automotive capabilities, thus crucial elements driving the growth of the market annually. This indicates that the smartwatch industry is in the growth phase as consumers are gaining insights pertaining the wearable technology. Upon entrance into the industry, Louis Vuitton(LV) will face

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