Wearable devices have been in existence for a number of decades, but it's only recently that they have captured the imagination of the general public. Juniper Research has revealed that the retail revenue from smart wearable devices -- including smart watches and glasses -- will reach $19 billion by 2018 compared with $1.4 billion this year. Moreover, revenues will be driven by high price points for these devices allied to their anticipated strong market demand. Based on the findings from its latest market study, Juniper has revised upwards the adoption of devices in the two key segments of consumer electronics ‘Multimedia & Entertainment’, and ‘Multi-functional’ devices. Revisions such as these are common in the early years of a new technology category, and reflect the latest announcements from vendors across the sector. "It is worth observing that this change in adoption levels can also be attributable to heightened consumer awareness of wearable technology and a...
TMT Market Research and Analysis