If anyone thought smart watches were just a fad that would fade away soon, analysts are already predicting a multi-billion dollar growth for the segment. Generator Research, the UK-based research group, claims the segment will account for $62 billion by 2018. The research firm is further claiming that the segment will grow to $214 million within the next five years.
The segment is in its nascent stage right now with just a few smartwatch devices launched so far. These include the Samsung Galaxy Gear, Sony Smartwatch 2, the Qualcomm Toq, and the Nismo smartwatch from auto maker Nissan. A few more are waiting in the wings from manufacturers like Nokia, Apple, and others, all of whom are likely to launch their devices soon. In fact, with the device being so closely tied to smartphone devices, every player in the smartphone arena is expected to come up with a smartwatch sooner rather than later.
However, the segment packs in immense potential so that it’s not only the smartphone makers who could be seen leading the charge, something that is exemplified by Nissan coming up with a smartwatch of its own. Rather, every manufacturer that is keen to offer a more personalized experience with their products could be seen developing smartwatches of their own. As such, smartwatches could well be seen replacing remote controls for TVs of the future.
Another area where smartwatches could see massive proliferation is in the workplace where companies could resort to doling out smartwatches to their employees for communicating with them.
Also, with the segment being in the formative stages as of yet, there is a lot to be seen before smartwatches become more petite and stylish than what they are right now. Also, we have seen plenty of bendable display technology from time to time. The smartwatch segment could well offer the perfect scenario for their applicability.
In all, its just the beginning of what is already promising to be a thoroughly exciting journey up ahead.