PRAGUE /FRAMINGHAM, Mass., December 18, 2015 – The worldwide wearable device market (commonly referred to as wearables) will see continued growth as second- and third-generation iterations reach the market. (TZ)
These new devices will build upon the hardware and software of their predecessors and answer some of the shortcomings and concerns that potential customers have today. According to the International Data Corporation (IDC ) Worldwide Quarterly Wearable Device Tracker, the worldwide wearable device market will reach a total of 111.1 million units shipped in 2016, up a strong 44.4% from the 80 million units expected to ship shipped in 2015. By 2019, the final year of the forecast, total shipments will reach 214.6 million units, resulting in a five-year compound annual growth rate (CAGR) of 28%.
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