This IDC Market Analysis Perspective (MAP) looks at the current state of the worldwide wearables market, who the major players are, how technology buyers should consider wearables for business, where the market is heading, and finally provides advice for technology suppliers.
"The worldwide wearables market continues to evolve in new directions and different speeds," says Ramon T. Llamas, research director for IDC's Wearables team. "What began as a humble wristband has now evolved into smart clothing, smart wristbands, smart watches, and earwear that — by today's standards — make those first devices released just five years ago look quaint. The addition of new sensors, smart assistants, and connectivity options have given rise to new ways to track health and fitness, the way people communicate with each other, and how they connect to other devices and systems."
"With continued growth on the horizon, players throughout the wearables ecosystem will uncover new opportunities and introduce new experiences to users," continues Llamas. "New chipsets, machine learning, artificial intelligence, and extending the experience beyond the wearable will drive the market forward, and an emphasis on health and fitness to connect descriptive data with prescriptive data will give users actionable data to reach their goals. This will turn wearable devices from nice-to-have accessories to important tools in personal health and productivity."