IDC: Wearables shipments to reach 173.4M by 2019

IDC said a growing list of vendors, a proliferation of devices, experiences, and price points, and steady consumer adoption will fuel growth in the worldwide market for wearable devices. The research company forecasts that shipments will reach 76.1 million units in 2015, up 163.6 per cent from the 28.9 million units shipped in 2014. By 2019, worldwide shipments will reach 173.4 million units, resulting in a five-year compound annual growth rate (CAGR) of 22.9 per cent. The company added that smart wearables only account for about a third of the total market today while basic wearables, led by fitness trackers, account for the rest. However, IDC said that smart wearables are on track to surpass the lower priced, less functional basic wearable category in 2018 and will quickly move from a smartphone accessory primarily focused on notifications to a more advanced wearable computer capable of doing more processing on its own. Report

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