Juniper Research is out with a new report that serves up a bold prediction for the future of the mobile smart wearable devices market.
The report projects that retail revenue from smart wearable devices, including smartwatches and glasses, will reach $19 billion by 2018 compared with $1.4 billion this year.
Researchers for Juniper note that revenues will likely be driven by high price points for these devices allied to their anticipated strong market demand.
In its latest report, Juniper Research has revised upwards the adoption of devices in the two key segments of consumer electronics ‘Multimedia & Entertainment’, and ‘Multi-functional’ devices. Revisions such as these are common in the early years of a new technology category, and reflect the latest announcements from vendors across the sector.
“It is worth observing that this change in adoption levels can also be attributable to heightened consumer awareness of wearable technology and a better visibility of product adoption, especially in the smart watch segment,” explains report author Nitin Bhas.
Juniper’s complimentary whitepaper titled “Smart wearables…beyond mobile” is now available to download from the Juniper website together with further details of the full report.