The combined market value of the three emerging technology groups is expected to exceed half a trillion dollars in less than five years. The International Data Corporation (IDC) said the total value of wearable devices, smartphones and augmented reality/virtual headphones will reach $369.6 billion by the end of this year and $524.9 billion by the end of 2025.
IDC has noted that every product category in the past decade has gone beyond initial acceptance and reached the mass market. In addition, everyone is expected to benefit from a wide range of devices, lower prices, and improved user experience in the short term.
IDC experts comment on each category.
Adam Wright, Senior Research Analyst in IDC's Smart Home and Office Devices team, noted that the driving force is a subset of smart home service devices. It is believed that by reducing the margin of the device, the role of these products will be left largely to cars to provide services. The promise of increased entertainment, comfort, safety, and security in the smart home sector is critical, but privacy and security concerns can hamper expectations, as well as upfront and current costs. Devices and services stopped.
In the AR/VR segment, we are seeing strong growth for both consumer and commercial buyers. Tom Minelli, IDC's vice president of augmented and virtual reality, said they expect both devices to grow as new cases are used and large tech companies enter the space.
IDC believes this category has the potential to generate the fastest growth in value in the coming years. In particular, IDC said it's interesting to see how the experience of consuming and interacting with content evolves to connect with other devices and have unique experiences at home and work. Buenos Aires
Emerging technology categories are expected to cross half a trillion by the end of 2025