Wearables Market Update

Wearables Market Update In the wake of the smartphone and tablet boom, many experts predicted wearable devices to be the next big thing in consumer technology. And to a certain degree they were right: global smartwatch shipments more than tripled since 2015 and fitness tracking armbands are as popular as they are affordable. However, speaking of a wearables boom in general seems like a stretch when considering the numbers in more detail. According to IDC, the market’s growth thus far has been fueled almost entirely by smartwatches and wrist-worn fitness trackers, which are expected to account for 95 percent of all wearables shipped this year and to continue their reign over the market through 2022. Read more.