Smartwatches are based on the operating system technology which is used for tracking alerts and connectivity. Smartwatches not only display the time but also have a multifunctional approach. The value of the Smartwatch Market was USD 41.86 billion in 2017. It is expected to reach USD 109.28 billion by 2023. The CAGR is estimated to be 17.34% during the forecasted period. In recent years what attracts consumers the most about the smartwatch is its tracking alert, connectivity, time, display, fitness features, etc. In addition to this as the huge sale of Samsung gear S3 escalated in the business market, the company started investing more in the development of smartwatches. The companies such as Samsung Electronics Co. Ltd., Apple Inc, Sony Corporation. are some famous companies in this market. Apple Inc is escalating the smartwatch market.