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Here’s where Wearable Tech is headed over the next four years IN TWO CHARTS
Wearable tech is on the rise.
This year vendors will ship 45.7 million wearable devices, according to IDC.
That’s up 133% from last year.
And it’s not stopping there.
By 2019, tech companies will ship 126 million wearable devices.
Take a look for yourself…
Source: IDC. Millions This is where we are now.
The growth is being spurred on by smart wearables, like the Apple Watch, Moto 360 and Samsung Gear.
These devices can run apps, while basic wearables, like fitness bands, can’t.
But other wearables are emerging as well.
Here’s a breakdown of what the wearables market will look like by 2019.
Wearable Market Products in 2019 Source: IDC.
Wrist worn wearable tech is currently the dominant form of wearable tech, and will be for at least the next few years.
Which is great news for the Apple Watch.
IDC thinks Apple’s latest device is a catalyst for smart wearable growth.
“Smart wearables are about to take a major step forward with the launch of the Apple Watch this year.” -- Ramon Llamas, IDC Research Manager
Apple’s expected to sell more than 8 million of the watches through 2015, according to Piper Jaffray analyst Gene Munster.
Aside from Apple’s sales, wearables in general are expected to grow at a 45% compound annual growth rate over the next four years…
Which means Apple, its investors, and companies betting on wearable tech all have something to look forward to.
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