Recently, Berg Insight, a dedicated M2M/IoT market research firm based out Sweden released new findings on the connected wearables market.
15.4 percent growth expected in wearable shipment in 2023
According to the report, the shipments of connected wearables reached 116.8 million worldwide in 2018. Having said that, the total shipment of wearable including smartwatches and smart glasses is expected to reach 238.5 million units in 2023. Notably, 67.7 million of the wearables sold in 2023 are forecasted to incorporate embedded cellular connectivity.