Skip to main content

Upside for the Wearable Computing Device Market

Demand for wearable computing devices are forecast to grow rapidly over the next year. With a wave of new gadgets set to reach the consumer electronics market, it's very possible that this technology could become commonplace within five years.

According to the latest market study by ABI Research, they now forecast that the wearable computing device market will grow to 485 million annual device shipments by 2018.

Currently, sports and activity trackers account for the vast majority of wearable technologies shipped.

Smart activity trackers are widely available, and this device's trendy and stylish appearance makes them very popular with a broad range of customers.

It's estimated that 61 percent of the wearable technologies market is attributed to sport or activity related trackers in 2013.

Smartphone compatible watches are beginning to emerge, and it has been reported that Apple may have plans to release a smart watch some time this year.

Furthermore, it has been reported that we will see the commercial arrival of the much anticipated smart glasses from Google and others, sometime in 2013.

"The furor about wearable technologies, particularly smart watches and smart glasses is unsurprising," said Josh Flood, senior analyst at ABI Research.

Both technologies have great potential and some of the applications for these devices are rather inspiring. Apple's curved glass-based watch could prove to be a revelation in the wearable technologies market.

ABI believes that the key question is whether the digital time piece will act as a complimentary device to the Apple's iPhone or as a standalone product with other functionality -- such as health or activity tracking capabilities.

Additionally, smart watches offer extra usages for an item most people already own and commonly purchase. Granted, it may become universally expected for watches to include this type of functionality -- as feature in the future.

Furthermore, the capabilities of smart watches could lead to the device being used as a wearable remote for home automation systems. As an example, quick shake of your wrist to turn off/on room lights might be a very convenient use case for some consumers with physical disabilities.

Popular posts from this blog

Digital Talent Demand Exceeds Supply in Asia-Pac

Even the savviest CEO's desire for a digital transformation advantage has to face the global market reality -- there simply isn't enough skilled and experienced talent available to meet demand. According to the latest market study by IDC, around 60-80 percent of Asia-Pacific (AP) organizations find it "difficult" or "extremely difficult" to fill many IT roles -- including cybersecurity, software development, and data insight professionals. Major consequences of the skills shortage are increased workload on remaining digital business and IT employees, increased security risks, and loss of "hard-to-replace" critical transformation knowledge. Digital Business Talent Market Development Although big tech companies' layoffs are making headlines, they are not representative of the overall global marketplace. Ongoing difficulty to fill key practitioner vacancies is still among the top issues faced by leaders across industries. "Skills are difficul

How Cloud Fuels Digital Business Transformation

Across the globe, many CEOs invested in initiatives to expand their digital offerings. User experience enhancements that are enabled by business technology were a priority in many industries. Worldwide end-user spending on public cloud services is forecast to grow 21.7 percent to a total of $597.3 billion in 2023 -- that's up from $491 billion in 2022, according to the latest market study by Gartner. Cloud computing is driving the next phase of digital transformation, as organizations pursue disruption through technologies like generative Artificial Intelligence (AI), Web3, and enterprise Metaverse. Public Cloud Computing Market Development "Hyperscale cloud providers are driving the cloud agenda," said Sid Nag, vice president at Gartner . Organizations view cloud computing as a highly strategic platform for digital transformation initiatives, which requires providers to offer new capabilities as the competition for digital business escalates. "For example, generativ

Mobile Device Market Still Awaiting Recovery

The mobile devices market has experienced three years of unpredictable demand. The global pandemic, geopolitical pressures, supply chain issues, and macroeconomic headwinds have hindered the sector's consistent growth potential. This extremely challenging environment has dramatically affected both demand and supply chains. It has led to subsequent inflationary pressures, leading to a worsening global cost of living crisis suppressing growth and confidence in the sector. In tandem, mobile device industry stakeholders have become more cautious triggering market uncertainties. Mobile Device Market Development Operating under such a backdrop, the development of mobile device ecosystems and vendor landscapes have been impacted severely. Many of these market pressures persisted throughout 2022 and now into 2023, borne chiefly by the smartphone market. According to the latest worldwide market study by ABI Research, worldwide smartphone shipments in 2022 declined 9.6 percent Year-over-Year