Source: Juniper Research, Nov 2012
Classified as a ‘future form factor’ for computing devices, next generation wearables, including smart glasses and other head-mounted displays, will provide a multitude of functions either independently or in conjunction with a third party platform. Also, it is not just Google eyeing this space – other key influential players such as Apple and Sony have already made key strategic moves in this sector.
So how much will it be worth? Juniper anticipates that the next-gen wearable devices market, including smart glasses, will be worth more than $1.5 billion by 2014, up from $800 million this year. These revenues will be largely driven by consumer spending on fitness, multi-functional devices, and healthcare.