The Wearables Device Ecosystems (WDE) team at Strategy Analytics has high hopes and loft projections for the wearable device industry.
The group recently analyzed the emerging wearable devices market from a number of viewpoints, incorporating analysis of not only device vendors but also the apps and end user use cases which will drive sales of devices.
The findings? The emerging wearable devices market will reach sales of 125 million units in 2017, as developer interest increases nine-fold.
“We found that in the coming year, over 27 percent of our panel of over 1,700 developers intend to create apps for wearable devices. This is a nine-fold increase from the 3 percent of developers which experimented with apps for wearable devices this year,” says David MacQueen, Executive Director Apps & Media research.
“Consumers today remain to be convinced as to why they should buy such devices, but with so many apps likely to become available for this new category of devices, it’s a strong indicator that wearables are going to go beyond the current industry hype,” he adds. “We’re sure to see the sort of innovation which has driven the smartphone apps market forward and this will help drive consumer uptake of the devices themselves.”