Wearable Devices: $800 Million Market This Year; $1.5 Billion In 2014January 17, 2013 1:12 pm
Google’s Project Glass is expected to unleash a huge new market – the smart wearables market is widely estimated to bring in revenues of more than 800 million dollars this year, and is expected to grow into a 1.5 billion dollar market by 2014 (Source)
How do we digest these stats? This is a very nascent market at the moment, and these are optimistic growth projections. But also remember that we are talking device sales here – this has the potential to get a whole ecosystem up and running.