No less that 274.6 million wearable electronic devices will be sold worldwide in 2016, an increase of 18.4 percent from 232.0 million units in 2015, a new report by technology market research company, Gartner, has shown
Gartner’s forecast reveals that sales of wearable electronic devices will generate revenue of $28.7 billion in 2016, in which $11.5 billion will be from smartwatches.
Looking forward, smartwatches will have stronger appeal with consumers, as they are multi-functional and aesthetically pleasing devices that can also track exercise to an acceptable degree.
Wristband makers are experimenting on their way towards competing with smartwatches, creating value propositions for wristbands beyond fitness, such as mobile payments, safety, and health.
Taking an early look towards the emerging virtual reality market, Gartner research director Brian Blau claims that head-mounted displays (HMD) will make strides toward mainstream adoption this year,
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