target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Analysis Perspective - Doc Document number: # US52563124
Market Analysis Perspective: Worldwide Wearables Market, 2024
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Abstract
This IDC Market Analysis Perspective (MAP) highlights consumer and commercial wearables market trends. In particular, this document analyzes the current and future state of the market, its major drivers and inhibitors, and how companies within the wearables ecosystem can prepare to capture and retain customers in this quickly maturing market.
"The worldwide wearables market continues to grow and shift, giving vendors and suppliers signals to adjust their strategies," said Ramon T. Llamas, research director with IDC's Wearables team. "Change is coming from several areas. First, artificial intelligence stands to change the health and fitness approach by analyzing user data and providing actionable advice. Second, key vendors within emerging markets stand to drive growth with fully featured yet inexpensive devices. This will give larger companies both challenges and opportunities. Third, new products including glasses and rings present novel ways for users to collect and generate data, potentially affecting other products. Taken together, the worldwide wearables market we see today will look entirely different in a few short years."