Is 2015 finally going to be the year when wearables take off worldwide? The answer is a definitive yes, according to IDC.
A combination of new vendors, new devices, and greater end-user awareness will drive the worldwide wearables market higher in 2015, According to the most recent forecast data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Vendors will ship a total of 45.7 million units in 2015, up a strong 133.4% from the 19.6 million units shipped in 2014. By 2019, total shipment volumes are forecast to reach 126.1 million units, resulting in a five-year compound annual growth rate (CAGR) of 45.1%.
Additionally, IDC says, propelling the market higher in 2015 is an increased focus on smart wearables, or those devices capable of running third-party applications.
“Smart wearables are about to take a major step forward with the launch of the Apple Watch this year,” said Ramon Llamas, Research Manager with IDC’s Wearables team. “The Apple Watch raises the profile of wearables in general and there are many vendors and devices that are eager to share the spotlight. Basic wearables, meanwhile, will not disappear. In fact, we anticipate continued growth here as many segments of the market seek out simple, single-use wearable devices.”