IDC: Wearables Market Tripled in One Year
The researchers at IDC are reporting that the market for wearable devices has increased for the eighth quarter in a row. In fact, the market tripled over the past year: manufacturers shipped 11.4 million devices in the first quarter of 2015, up from 3.8 million in the first quarter of 2014.
"Bucking the post-holiday decline, normally associated with the first quarter, is a strong sign for the wearables market," IDC Research Manager Ramon Llamas said.
The market leader was FitBit with a 34.2 percent share, followed by Xiaomi at 24.6 percent, Garmin with 6.1 percent, Samsung with 5.3 percent and Jawbone at 4.4 percent. Apple Watch, which is expected to have a large impact on the wearables market, was not yet released during the period covered by the report.