Nearly 274.6 million electronic wearable devices will be sold worldwide in 2016 which is a direct increase of 18.4% from 232.0 million units in 2015 generating a total revenue of $28.7 billion which is approximately Rs.1,95,132 crores as per Gartner. Out of all the total revenue generated, $11.5 billion which is roughly Rs. 78,189 crores is from smartwatches as per a report by Gartner.
“From 2015 through 2017, the whole idea of smartwatch adoption will have 48% growth mainly because of Apple popularizing wearables as a lifestyle gadget rather than a money making stint. The greatest revenue potential is from smartwatches among all wearables through 2019 reaching $17.5 billion which is approximately Rs. 1,18,979 crores as per Angela McIntyre (Research Director at Gartner).
She also stated that though the sales of smartwatches are the one of the strong types of wearables, the adoption would remain much below smartphones. The wearables market is going to increase by mid-2016 considering the fact that we are moving to Digital India rather than Stone Age India. We are working on ways by which we can transform the whole app world in India marking it on the Android map in Goa. There are so many other devices which are targeted for exclusive Virtual Reality but we plan on keeping it a little bit low for now. There are times when we see so many people trying to make a difference when it comes to IoT and various other throbbing technologies that will change the face of the IT world.