2022 Predictions: Wearable Tech to dominate consumer IoT with $97.5 billion revenues

Wearable tech will represent 46% of the consumer Internet of Things (IoT) market in 2022, followed by automated home (37%) and connected car (17%), according to GlobalData, a leading data and analytics company.

GlobalData’s report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, reveals that wearable tech will generate $97.5 billion in revenues in 2022, representing both the largest and fastest-growing segment by revenue in consumer IoT by 2022.

Rachel Foster Jones, Analyst on the Thematic Team at GlobalData, shares her views on consumer IoT in 2022:

Wearable tech will generate $97.5 billion revenues in 2022

“Hearables will dominate wearable tech revenues in 2022, but smartwatches also remain popular. The explosion in interest for health and fitness monitoring shows no sign of declining and vendors are continuing to invest in advancing the capabilities of their devices to position themselves ahead of the competition.

“Competition in the smart glasses

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Automotive and IoT Software Firm Nets $8M

Dellfer, an automotive and IoT cybersecurity software company, announced an $8 million Series A investment from mobility supplier DENSO and specialist cybersecurity private equity firm Option3.

The funds will be used to accelerate the time to market for its cybersecurity solutions for the automotive industry, Dellfer said. The three companies noted that the automotive industry and other IoT environments increasingly require cybersecurity solutions to protect potential vulnerabilities.

“The requirement for cybersecurity solutions for auto manufacturers has never been stronger,” Tony Cannestra, DENSO’s director of corporate ventures and Dellfer board member, said in a Tuesday (Oct. 19) press release. “We tested a wide array of available software solutions and found Dellfer’s approach to be highly valuable and a good fit for our customers’ needs.”

Areas With Greatest Future Vulnerability

“This investment underscores Option3’s targeted approach cybersecurity investing, focusing on those areas with the greatest future vulnerability, like automobile cybersecurity,” said 

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