2015 is going to be the year of wearables!
The analyst firm Strategy Analytics recently published a report predicting that the global market of techno accessories will grow 150% in 2015 in relation to 2014, thereby surpassing 17.9 million to reach some 44.8 million units globally.
The smartwatch category will be the largest sub-segment in this emerging market (which will grow 110% annually), both in units sold and in revenue and product acceptance, which will allow the techno accessory and Internet of Things (IoT) ecosystems to take off. At the end of this year (2015) smartwatch sales will suppose 63% of wearables sales (in 2020 it will lower to 59%). The smartwatch segment will be followed by smartglasses, the wearable to grow most organically in the next five-year period.
The Strategy Analytics report provides a global prediction by region for the market for these types of technology accessories, by device category, for the 2012-2020 period.