IDC: Worldwide wearables market to reach 126.1M units shipped in 2019

A combination of new vendors, new devices, and greater end-user awareness will drive the worldwide wearables market higher in the coming months and years. According to IDC forecasts, vendors will ship a total of 45.7 million units in 2015, up 133.4 per cent 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 per cent. Propelling the market higher in 2015 is an increased focus on smart wearables, or those devices capable of running third-party applications. These include devices like the Apple Watch, Motorola's Moto 360, and Samsung's Gear watches. The total volume of smart wearables will reach 25.7 million units in 2015, up a whopping 510.9 per cent from the 4.2 million units shipped in 2014, IDC noted. Report

 

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