IDC Reports a 5.5% Increase in Wearable Device Trackers

by | Sep 10, 2018 | Market Research | 0 comments

wearable technology

The International Data Corporation (IDC) recently unveiled a report that shows shipment volumes of wearable device trackers increased 5.5% worldwide from last year. While North American, Japanese, and Western European markets showed a decline, emerging markets grew substantially.

The decline is a result of a transition to more sophisticated wearables, according to Jitesh Ubrani of IDC. The report also shows an increased demand for smart wearables and a decline in demand for basic wearables. This explains the decline in year-over-year growth that Fitbit experienced in Q2 2018.

Additional findings include:

  • Top five wearable companies include: Apple, Xiaomi, Fitbit, Huawei, and Garmin.
  • Of the top five wearable companies, only Fitbit saw a decline in year-over-year growth.
  • Xiaomi brand awareness grew across Europe and the Middle East thanks to the success of its smartphone options among other tech products.
  • Huawei focused heavily on the Chinese market but is also experiencing growth outside of that.

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