Tag: smartwatch trends

Wearables gain ground in the Middle East

Companies throughout that region are taking a closer look at wearable technology and are making investments.

Businesses throughout the Middle East are starting to look at wearables more seriously and this is being reflected in the growing investment that is being seen in these types of mobile devices.

That said, this doesn’t mean that there aren’t any more barriers in the way of the growth of this industry.

Organizations throughout the Middle East are increasingly starting to build business models based on the use of werables. Predictions from industry analysts are suggesting that over the next three years there will be substantial growth seen in the use and investment into wearable technology. Among the reasons that this industry is being driven forward is that there is a broader availability to the type of devices and features that are available, but also they are becoming more familiar.

As certain types of wearables become more mainstream, it opens the door to the adoption of others.

Wearables - Middle EastThe region is about to see the launch of a whole new wave of everything from smartwatches to virtual reality headsets and even connected clothing. As a result, the wearable technology market in the Middle East and Africa (MEA) region is expected to see a growth rate of 56 percent from 2016 through 2019. This according to forecasts released by IDC.

The fact that wearable technology devices are convenient, lightweight and small forms of mobile gadgets that allow people to complete various types of task either hands free or at least without having to take their smartphones out of their pockets, they have a considerable draw within the business community. Smartwatches are drawing a particularly large amount of attention as they can act as scaled down versions of smartphones combined with fitness trackers.

IDC MEA analyst, Feras Ibrahim explained that while the market for wearables is seeing a substantial growth, the hurdles that are still faced should not be forgotten or overlooked. Among the leading issues standing in the way is in the limited number of apps that are geared toward these tiny screen devices. Moreover, many of the designs are clunky or require a premium price point for a device that would suit business attire.

Wearable technology predictions show large growth ahead

A new report has shown that the market for wearables isn’t anywhere near leveling off in its expansion.

A new report relased by IDTechEx Research has shown that the marketplace for wearable technology is going to continue to grow, and that it won’t be doing so at a slow pace.

This has been particularly true when it comes to applications in industry as well as in the military.

This year, it is estimated that the wearables global market value is $20.2 billion in the IDTechEx Research report that was recently issued by the firm and that was entitled “Wearable Technology 2015-2015: Technologies, Markets, Forecasts.” It pointed out that almost 75 percent of the market’s revenue is expected to be generated from categories that have had the chance to mature a little more than others, such as fitness trackers, smartwatches, and earphones. However, it also underscored the fact that it will be wearables in military, industrial and commercial markets that will see the greatest growth and that will represent the largest amount of revenue.

The report specifically pointed out that it will be in these industries where wearable technology will be allowed to shine.

Wearable Technology - GrowthAs wearables are incorporated into a larger number of sectors and settings, the report stated that it will lead to a notable growth in the existing systems of this tech. That said, it pointed specifically to healthcare applications as the largest market for these mobile devices. “Many of the companies looking to commercialize new wearable technology are searching for partners in the healthcare and medical industries,” stated the report.

Another market that was pointed out as one that should be seeing growth is that of infotainment, which should include products such as Oculus VR headsets, Google Glass and other types of smartglasses and augmented reality glasses.

The wearable camera market is another space that the IDTechEx said was up and coming. The release of this report comes on the heels of an announcement made in August by the Pentagon, which stated that a high-tech company and researcher consortium would be partnering to come up with wearable technology that would be appropriate for military applications.