Imagine Marketing (BoAt) Ranks 2nd In Global Wearable Market

Imagine Marketing, the parent company of boAt, is now ranked #2 in the overall wearable market as per the leading market research and advisory firm International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker Q3CY2022. The brand now commands 8.5% market share on a volume basis (~1% jump in market share v/s Q2CY22). Among the top 5 global wearable brands, Imagine Marketing (boAt) is one of the fastest growing companies in 3Q22 and has the highest Y-o-Y growth rate (19.5% vs. Q3 CY21). The brand has a wide portfolio of well-designed, indigenized, and distinctive lifestyleoriented products including TWS, smartwatches, headphones and more offered at attractive prices.

On the global recognition, Aman Gupta, Co-founder & CMO, boAt said, “It was Sameer & my dream to make boAt the most desirable Indian brand. It feels surreal that boAt is now second only to Apple and has surpassed Samsung, Huawei, and

Xiaomi globally in the overall wearable category. We are humbly proud & as a committed brand we will always keep the India flag flying high by offering ingenious products that are superior in quality and are boAthead centric.”

Imagine Marketing continues to retain #2 position in the earwear market with 11.2% market share by volume (up from 10.3% in Q2CY22); The company is now #2 in TWS (9.2% market share) vs. #3 in Q2CY22. The phenomenal growth is due to the reasons such as availability, affordability, better features and functionalities like ANC, innovative designs, and low-latency mode for gaming. Also, the company is now ranked #1 in neckbands for the 9th consecutive quarter (22% market share).

Watch-based wearables also tend to be the fastest-growing category for Imagine Marketing showing strong momentum. Besides affordability, features such as Bluetooth calling, bigger screen sizes, and AMOLED displays are attracting both first-time users and upgraders. The company is now ranked #6 position in the smartwatch market with 5.2% market share (up from 4.1% in Q2CY22) on the back of exponential growth (~140% growth v/s Q3CY21).

Dell Technologies emerged as the leader in India’s x86 mainstream* server market as per IDC Worldwide Quarterly Server Tracker 2022 Q3. With businesses continuing to adopt a digital-first mindset, India has proven to be one of the key markets contributing to Dell Technologies’ growth in the server category.

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“Enterprises are increasingly showing the intent to invest towards