International Data Corporation (IDC) expects the popularity of wrist-worn devices – including watches and wrist bands – will continue to drive the wearables market forward hitting about 121.7 million by end of this year
Meanwhile, lesser-known wearable products, such as clothing and earwear, will experience market-beating growth in the years to come.
According to a new IDC Worldwide Quarterly Wearable Device Tracker forecast, vendors will ship a total of 121.7 million wearable devices this year, marking a 16.6% increase from the 104.4 million units shipped in 2016.
The wearables market is forecast to maintain this pace of growth with shipments reaching 229.5 million units in 2021, resulting in a five-year compound annual growth rate (CAGR) of 17.2%.
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