Wearables technology has become a buzzword, in fact, it is touted to be the next big thing for business. According to a recent forecast by IDC for the wearables industry:
“The worldwide shipment of wearables will increase to 111.1 million units in 2016, which is 44.4% higher than the 80 million units shipped in 2015.”
Statistics Showing Increase Demand For Wearables
Here are a few other stats for the wearable market worth exploring:
The wearable market is said to reach up to $8.36 billion by 2018.
It is expected that the total shipments of the wearable devices will reach 214.6 million units by 2019.
IDC also revealed that 74 percent of individuals consider wearable to be an exciting technology, while 71 percent think smart devices such as smartwatches and similar devices are the “Next-In” thing. IDC labeled such users as “wearables intenders.”
All the above statistics clearly indicate that the wearable market is in a boom phase, and will continue to grow in the distant future as well. That means consumers demand for wearables is on a rise and will increase with time. But unfortunately, not all the brands and ios or Android App Development Company pay due attention to developing solutions for wearables. In fact, “Only 6 percent of app developers have created an application for a wearable device.”
The Role of Wearables in Mobile App Industry
But considering the ever-increasing consumer demand for wearables, app developers get perfect opportunities to grab market share of the tech-savvy shoppers by developing applications for the wearables. Besides, wearable intenders are becoming more inclined towards tech companies offering wearables. That’s because, such tech companies have helped in introducing advancements to the wearable market and move it forward.
However, as we had discussed previously, majority of app developers still need to make inroad in the wearable market. Based on an online survey conducted by InMobi’s State of Mobile App Developers, “31 percent brands said that they are not sure whether they’ll render apps for smartwatches or other smart devices, while 32% believe that they might consider capitalizing on the ever-evolving wearable market by creating an app.”
The biggest reason that is slowing down mobile app developers from making an attempt to develop apps for smart devices is: the difficulty they face in building the app that works well on both Smartphones and wearable devices at the same time. But the rate at which the need for wearables is increasing, soon you can expect smartphone and tablets to be the “things of the past”, while the smart tools will gain precedence in our lives. This suffices that the wearable technology will define the future of mobile application development.
What’s the Conclusion?
Consumers are always seeking for new technology, and wearables are indeed the best technology that can add value to users. But sadly, the shortage of apps for smart devices can affect wearable adoption. Moreover, it’s been observed that most of the brand are partially interested in building apps for smartwatches and the like devices. As a result, you can rarely see app developers making many efforts in creating apps with capabilities that are essential for the smart devices.
But you can’t deny the fact that the utilization of smartwatches and other smart tools will rise to a great extent. Thus, preparing to create solutions for wearables will likely turn out a profitable deal for you.