Juniper Research have revealed that global smart wearable device shipments will increase by 2017, reaching 116 million units, compared to an estimated 27 million in 2014.
The report also suggests that less than 5% of smartphones will be used with such wearables by 2017.
According to the report, with the high end gadgets featuring innovative technologies in the market, well known vendors are moving beyond devices to produce operating systems and databanks to manage the information generated by wearables.
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Google’s Android Wear, Qualcomm’s 2net and Samsung’s Digital Health Initiative are the recent examples of how the vendors are trying to get beyond the technological barriers.
The report says that it could bring change in the device market, , as smaller companies focus on producing quality hardware without needing software expertise.
This will result in lack of unique innovation, with software platforms dictating capability and the independent wearables will remain rare, as manufacturers continue to build their software with a companion smartphone to encourage a dual revenue.
The Juniper reports says that the innovative smart watches will feature in-built multiple sensors, droping need for separate devices to measure health and fitness biometrics.
This will cut both ways, as several fitness devices such as the Samsung Gear Fit and Razer Nabu offer notification services in addition to activity tracking, assimilating smart watch capabilities, the report says.
According to the report, it will take until 2017 for more smart watches to be used than fitness wearables.
Other key findings of the report include:
More advanced wearable technologies will be developed first for enterprise and healthcare applications, as these segments have clear use cases that technology can solve.
Smart wearable device revenues will reach over $53 billion in 2019.