Top 20 smartwatch applications in 2020

9. Januar 2015 Schlagwörter:
Much has been written about smartwatches lately. However, valuable use cases are still unclear: why do we need them? Independent research company Smartwatch Group has done an in-depth analysis what will be the 20 most relevant application areas for smartwatches in 2020.

Wide range of applications: From personal assistance to corporate solutions

Unlike mobile phones, smartwatches have direct access to body parameters, and are always at sight. This enables highly valuable applications in different fields of use. The following link highlights the most important ones: This page describes the 20 most important applications for the use of smartwatches, including current status, best practice, and outlook until 2020.

Needed functionality results in an explosion of app programmers

Hardware providers have been at the focus of the smartwatch industry so far. However, this is about to change. As many smartwatch applications are software-based, there is a big need for smartwatch programmers. There are currently around 30,000 of them, a number growing to 100,000 until the end of 2014. Android Wear makes it easy for them to work efficiently, and an additional iOS-based programming framework is expected later this year.

“Visionaries around the world have started to realize exciting smartwatch applications: from airlines in Spain to banks in New Zealand to mobile payment providers in China to data analysts in San Francisco. Based on watches that become more and more elegant, these visionaries will be at the core of smartwatch growth,”
says Pascal Koenig, Managing Director of Smartwatch Group.

800 million smartwatches to be sold in 2020

The watch industry will grow substantially due to smartwatch technologies. In 2020, Smartwatch Group expects 1.6 billion watches to be sold. Compared to 1.2 billion watches sold in 2013, this is an annual growth rate of 4%. However, 50% of the watches sold in 2020 – 800 million – will be connected to the Internet. This will turn the watch industry upside down. Pascal Koenig puts this into perspective:

“Functionality and design are the key drivers of this growth. In 2020, a typical watch will offer a lot more functionality than today, without design-compromise and at similar cost as an average watch sold today. The term “smartwatch” will be lost – people start to expect that a watch can do more than indicate time. With huge growth rates in the first quarter of 2014 and exciting applications to come, the smartwatch industry has really taken off now.”