[ICTinfo] ABI predicts no 5G wearables in 2023
Date of publication: 7.3.2023In its new report, ABI Research presents key trends in wearables that will happen in 2023, as well as trends that will not yet happen in 2023. The company forecasts that the wearables market will reach €640 million by 2027, growing at an average annual rate of 12.8% over the period 2022-2027. Wearables have progressed from being the former 'nice-to-have' equipment to the status of a 'must-have' for users, thanks to the increased integration of IoT technologies and the introduction of new consumer technology solutions. For 2023, ABI forecasts growth in demand for connected wearables, particularly in healthcare, as well as a growing range of types and form factors of simpler wearables, which together will contribute to the expected market growth. On the other hand, it estimates that although wearables with smartphone connectivity will benefit from the higher speeds of mobile networks, we will not see true 5G wearables in 2023. Nor will there yet be a competitive smart glasses market and wider adoption of Industrial Control Systems (ICS), nor will an industrial metaverse have yet taken shape.
The economy, manufacturing, education and other sectors have been subject to increased pressures and changes in recent years as a result of the pandemic and the measures taken to contain it, as well as the Russia-Ukraine war, as confirmed by various surveys and analyses. The Information and Communication Technologies (ICT) sector is also exposed to similar changes, but at the same time it is able to monitor, assess and control changes not only in its own sector but also in all other sectors, which has been a valuable help to all of them in recent years.
ICT helps businesses and institutions in all industries to organise work, adapt operations, streamline operations, process data, evaluate results, predict trends and discover new opportunities. And they enable schools and universities to implement hybrid forms of teaching and meaningful digitisation of learning processes.
This is why we have decided to publish regular summaries of information, assessments, analyses and studies by research and analyst companies that can help everyone to better monitor, learn about and understand changes and trends and to adapt more successfully to the new ICT era.
Prepared by the Department of Information and Communication Technologies in collaboration with Esad Jakupović
