Tag: wearable technology sales

Wearable technology device shipments will break 200 million in 2019

A new forecast from IDC has predicted that smartwatches, fitness trackers and other wearables are rising fast.

This year, the International Data Corporation (IDC) reported a massive surge in the wearable technology market, which it said saw growth of 300 percent due to the sale of products such as the Fitbit Surge, Apple Watch and Pebble Time.

The IDC has released a report saying that by the end of 2016, worldwide shipments will hit 111.1 million.

That will mean that wearable technology will have seen an increase of 44 percent over the figure from 2015. That said, by the year 2019, shipments of wearables will have broken through the 214.6 million mark. According to the wearables team research manager at IDC, Ramon Llamas, “In a short amount of time, smartwatches have evolved from being extensions of the smartphone to wearable computers capable of communications, notifications, applications, and numerous other functionalities.”

It was also pointed out that wearable technology devices are experiencing a rapid evolution.

Wearable Technology - Wearables on the riseLlamas went on to point out that just because they’re starting to sell and they will be seeing rapid growth over coming years, it doesn’t mean that the smartwatches we currently know will be the ones that actually take off over the next few years. He explained that “The smartwatch we have today will look nothing like the smartwatch we will see in the future.”

He also underscored the forecast that the details of these devices will be quite different from what we currently see. The health sensors, cellular connectivity and even the wearables app market – which is already rapidly on the grow – will be ready to provide serious game changing evolutions in this market. Llamas feels that it will be in those areas that the gadgets will start to define themselves as having value and will become appealing to consumers.

While many of its predictions aligned well with other reports that have been issued by various prediction firms, the IDC report was somewhat different in that it has said that watchOS and Android Wear will be grabbing the top two spots (respectively). That said, it also stated that Tizen from Samsung will carve out an important segment of the market over the next four years, as well, to the point that it might swipe away some of the share that would otherwise have belonged to Android Wear.

Wearable technology sales have shown that the industry is hot and getting hotter

According to Valencell, there will soon be a day when wearables are commonplace but we’re not there, yet.

Performance biometric tech firm, Valencell, has recently stated that while the industry is headed toward a time when it will be difficult to imagine our lives without wearable technology, we have not yet reached that point and there are some very specific reasons to explain that.

The success of the Fitbit IPO, and the sales recorded by the Apple Watch are showing that wearables are growing.

Valencell has explained that while consumers are interested in wearable technology at the moment, these gadgets have not yet reached the point in which they are providing health feedback with the accuracy that they are seeking. This statement was made in a report made by the company based on a study conducted by their team with a focus on wrist wearables. What the team determined was that the PerformTek biometric tech that their company produced was able to deliver heart rate data when worn on the wrist to a degree that it was comparable to the readings collected by way of a chest strap.

The wearable technology research also indicated that the Apple Watch was not able to meet that goal.

Wearable Technology SalesThe researchers found that the Apple Watch was particularly incapable of collecting accurate heart rate feedback during physical activity.

While it is important to note that this research that praises the PerformTek biometric technology was conducted by Valencell’s own team, meaning that it is more than likely that biases – deliberate or completely unintentional – could be present, this study does raise a very important point with regards to the accuracy of biometric information that is being collected by way of mobile devices.

Previous studies have indicated that many medical professionals and organizations are not yet comfortable recommending the use of wearables for the collection of fitness and medical data simply because they have not yet been adequately studied in order to know whether or not their feedback should be considered to be satisfactory as a basis for making medical or fitness recommendations.

Until the reliability of wearable technology biometric data can be improved and proven, it is likely that this factor will continue to hold back its adoption among the general public.