Wearable devices market insight
I’ve collected few stats to give a sneak preview of the wearable devices potential in the near future. please check out the below mentioned numbers carefully and assess where this technology trend is heading to;
According to new research from International Data Corporation (IDC), “Wearables took a huge step forward over the past year and shipment volumes will exceed 19 million units in 2014, more than tripling last year’s sales. From there, the global market will swell to 111.9 million units in 2018, resulting in a CAGR of 78.4%.”
“ABI research forcasts the wearable computing device market will grow to 485 million annual device shipment by 2018”
“By 2018, wearable unit shipments are forecast to reach 210 million”, (IMS Research)
The market for company-provided wearables will be larger than the consumer market within the next five years, as wearables represent the next phase of the mobile revolution (Forrester Research)
The wearable market is being viewed as the “Next big thing” within the mobile ecosystem by not just the smartphone vendors, but also app developers, content creators & advertisers. (Juniper Research)