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WiFi Leading the Charge for Smartglasses says Strategy Analytics

Companies mentioned in this article: Strategy Analytics

BOSTON, May 22, 2014 /PRNewswire/ -- According to the latest research from Strategy Analytics, wireless technologies will play a pivotal role in the emerging wearable devices market. In 2015 Smartglass shipments will see WiFi penetration of 79 percent. Devices from major brands such as Google and Samsung will be key to driving wearables growth for the next five years.

Matt Wilkins, Director at Strategy Analytics, said, "For the Smartglasses user, WiFi is a key enabler, allowing the user to upload HD video (recorded on the device) to video sharing services. As a result we forecast global WiFi-enabled smartglasses penetration of 79 percent in 2015, at 4 million units up from 1.2 million in 2014. While Google is a driving force in Smartglasses today, we have to think Samsung and Apple are also eyeing the segment and will be potential long-term rivals."

Neil Mawston, Executive Director at Strategy Analytics, added, "Wireless technology is enabling owners of wearable devices, such as Smartglasses, to both share created content as well as consume content."

Linda Sui, Senior Analyst at Strategy Analytics, added, "After smartphones and tablets, wearables are the next big thing for the mobile industry. Even still, there are barriers to overcome, such as compact displays optimized for mobile data and a limited pool of developers creating wearable apps. However we continue to see the United States and China as key markets for wearable devices."

Exhibit 1: Global Wireless Wearable Device Sales [1]

http://photos.prnewswire.com/prnvar/20140521/89906

The full report, Global Smartglasses Enabling Technologies Forecast: 2013 to 2018 is published by the Strategy Analytics Wearable Device Ecosystems (WDE) service, details of which can be found here: http://tinyurl.com/pfrv4n5 .

About Strategy Analytics:
Strategy Analytics is a global, independent research and consulting firm. The company is headquartered in Boston, USA, with offices in the UK, France, Germany, Japan, South Korea, India and China. Visit www.strategyanalytics.com for more information.

Americas Contact:
David Kerr, +1 617 614 0720, dkerr@strategyanalytics.com

EMEA Contacts:
Matt Wilkins, +44 1908 423629, mwilkins@strategyanalytics.com
Neil Mawston, +44 1908 423628, nmawston@strategyanalytics.com

Asia Contact:
Linda Sui / +1 617 614 0734 / LSui@strategyanalytics.com

[1] A wearable device is defined as a mobile phone or tablet accessory or companion-device worn on-body or in-clothing. An example of a wearable device is the Samsung Gear 2 smartwatch.

http://photos.prnewswire.com/prnvar/20130207/NE56457LOGO-b

Photo - http://photos.prnewswire.com/prnh/20140521/89906
Logo - http://photos.prnewswire.com/prnh/20130207/NE56457LOGO-b

SOURCE Strategy Analytics