IDC: wearables market grows 8 8% in Q1, but buyers focus on cheaper models gsmarena.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gsmarena.com Daily Mail and Mail on Sunday newspapers.
Smart watches, smart earwear, and other wearables are expected to rebound this year after the wearable tech category experienced its first decline in 2022, according to a forecast from International Data Corp. The comeback in 2023 is expected to be modest, with greater growth through 2027.
IDC projects smartwatch, other markets rebound punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
The year 2023 will be one of recovery for wearable devices after the market s first-ever contraction in 2022. Global shipments in 2023 are poised to reach 442.7 million devices this year, growing 6.3% on year. The majority of shipments are expected later in the year as the first quarter will likely see another on-year decline, according to new data from the IDC Worldwide Quarterly Wearable Device Tracker.
Indian wearable market witnessed a growth of 144.3% in 2020: Report
Indian wearable market witnessed a growth of 144.3% in 2020: Report
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The Indian wearables market recorded 144.3 per cent year-over-year (YoY) growth in 2020, driven by record shipments in hearables and watchess category, exiting the year with 36.4 million unit shipments, industry tracker International Data Corporation (IDC) said on Thursday through its research report.
India was the only country in the top 20 to see triple-digit growth in wearables in 2020 and continues to be the third-largest wearables market globally, showed IDC Worldwide Quarterly Wearable Device Tracker.
Earwear device shipments increased over threefold in 2020 compared to 2019, “mainly driven by affordable launches, and expanding use cases beyond entertainment, like virtual meetings and e-learning requirements.” It constituted for 83.6 percent of the overall wearable market share to hit shipments of 3