The demand for wearable technology is set to increase 16.7 per cent in 2017 and 310.4 million such devices will be sold globally, market research firm Gartner said on Thursday.
Read also:iPhone 7s and iPhone 8 comming up in next few months !
Smartwatches:
- The wearable devices market would generate a revenue of $30.5 billion in 2017.
- Smartwatches would continue to drive the wearables market and would generate a revenue of $9.3 billion.
- Apple would dominate the smartwatch market.
- But its market share will decrease from approximately a third in 2016 to a quarter in 2021, the report said.
Read also:Instagram: 700 million users currently!
- Smartwatches are on pace to achieve the greatest revenue potential among all wearables through 2021, reaching $17.4 billion,” said Research Director.
- Revenue from smartwatches is bolstered by relatively stable average selling prices (ASPs) of Apple Watch.
- Apple is expected to launch its new smartwatch in September.
- In addition,that could enable direct cellular connectivity for interacting with its smart assistant Siri.
- Furthermore,texting and transferring sensor data when the phone or Wi-Fi is not present.
- Other brands such as Asus, Huawei, LG, Samsung and Sony would sell only 15 per cent smartwatches in 2021.
Read also:iPhone 7s and iPhone 8 comming up in next few months !
Read also:Beware: If you don’t have a pleasant sleep at night