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

2022 Tech Trends Outlook: What Happens Next?

This year may very well be another period of unprecedented challenges and opportunities. In 2022, several highly anticipated technology-related advancements will NOT happen, according to the predictions by ABI Research. Their analysts identify many trends that will shape the technology market and some others that, although attracting huge amounts of pundit speculation and commentary, are less likely to advance rapidly over the next twelve months. "The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year's fortunes," said Stuart Carlaw, chief research officer at ABI Research . What Won’t Happen in 2022? Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a clearly defined arrival d

Digital Transformation for the Oil and Gas Sector

The savvy CEOs of multinational organizations will accelerate their investment in digital transformation projects in 2022, and beyond, to improve their competitiveness. Every industry leader that is forward-looking will act swiftly to grasp the upside opportunity. Global oil & gas companies face a myriad of operational, commercial, and existential security threats. According to the latest worldwide market study by ABI Research, oil & gas firms apply digitalization to combat these threats and will spend $15.6 billion on digital technologies by 2030. Oil & Gas Digital Apps Market Development Investments in digitalization can help to analyze a supply pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. "Safety and Security are top priorities for oil & gas operators. Data analytics allied with IoT platforms have become

How Ride-Sharing Apps Changed Local Transport

Building on significant advances in disruptive mobile app technology, ride-sharing services have emerged to become a popular means of urban mobility. This is unsurprising given the advantages of ride-sharing options over traditional transport modes, such as buses and more expensive taxis. Innovative ride-sharing platforms enable app users to customize their journeys according to real-time phenomena, such as nearby traffic conditions, time of day, and rider demand. However, this is not to say that ride-sharing services are perfect. The popularity of ride-sharing has resulted in some additional traffic congestion in major cities already struggling to control this issue, while the widespread disruption caused by the pandemic affected most stakeholders within the local transportation value chain. Ride-Sharing App Market Development According to the latest worldwide market study by Juniper Research, ride-sharing spending by consumers globally will exceed $937 billion by 2026 -- that's c