GITEX 2016 to shine the spotlight on growing wearables market
Research reveals global shipments of wearables will increase from 90 million in 2016 to over 200 million in 2020
In collaboration with GITEX Technology Week, Frost & Sullivan's latest report revealed that global wearable shipments will double by 2020.
The report stated that the global shipments of wearables will grow from 90 million in 2016 to over 200 million in 2020.
The Middle East is a growing market for wearable manufacturers and distributors, thanks to high mobile penetration in the GCC region, according to the report.
Trixie LohMirmand, senior vice-president, exhibitions and events management at the Dubai World Trade Centre, said: "Dubai aims to be one of the world's smartest cities, and wearable innovators will look to the city for how wearables can fully realise the potential of the Internet of Things. GITEX will be a showcase for how seamless connectivity can transform daily lives - across mobile operators, wearable developers, and startups."
Robert Scoble, a Silicon Valley insider speaking at GITEX Technology Week 2016, said: "Smart wearables will rapidly advance in technology to replace smartphones by 2020, and provide a gateway for seamless citizen interaction with the Internet of Things and Smart Cities.
"The GCC, with its advancing Smart Cities, is well-positioned to be among global leaders in demonstrating how wearables can be optimised for hyper-connectivity. Smart wearables can deliver an enhanced experience that was only in the realm of sci-fi films, especially in verticals such as healthcare, transportation, marketing, and retail," added Scoble.
According to Frost & Sullivan, smart watches will account for more than 50% of wearable shipments by 2020, plus revenue will accelerate faster than sales at 78% annually. Furthermore, smart cameras, glasses, bands and clothing will see specialised growth, in particular in specialised sectors, such as athleticism or jobs in high-risk environments.
Wearables will be in the spotlight at GITEX Tech Watch, and global entrepreneurs in the wearables sector can seek funding and partnerships at the GITEX Startups Movement. One of the leading wearable startups participating is Mosaikx, a UAE-based company that has launched the world's first wearable smart voice recorder.
Aiming to boost the reach of startups will be accelerators and incubators such as Oasis500 from Jordan, the BADIR Programme for Science and Technology and InspireU by STC from the Kingdom of Saudi Arabia, and the Skolkovo Foundation from Russia, the Dubai Technology Entrepreneurship Centre, and the Japan External Trade Organisation.
GITEX speakers addressing wearables will include Rafael Grossmann, the first surgeon to live-stream surgery with Google Glass, Shahid Azim, co-founder of medical wearables startup Quanttus, and Jonathan Reichental, CIO of Palo Alto, on the future of Smart Cities.
GITEX will run from 16-20 October 2016 at the Dubai World Trade Centre.