Wearables market expected to generate $14bn in revenue and 123m units in 2016
The latest research note from CCS Insight projects sales of 411 million smart wearables, worth $34 billion, in 2020. The research firm anticipates robust growth over the next five years, with sales of 123 million units, generating $14 billion in revenue in 2016.
Wrist-worn devices are the star innovators in the market, with fitness, activity and sports trackers accounting for almost 50% of all shipments in the next year, at more than 60 million units. Meanwhile, smartwatch sales...