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