The wearable device market grew nearly 700%.

Market analyst Canalys said that in the first half of 2014, the market of wearable devices had a strong growth rate of 684% compared to the same period last year.

The wearable device market grew nearly 700%. Picture 1

According to data from Canalys , in the category of 'smart bracelets' , Samsung is in first place with Gear 2, Gear 2 Note and Gear Fit products. Pebble came in second place, while Sony ranked third.

Starting from Q3 / 2014, the wearable device market saw the competition of products running on the Android Wear platform when LG G Watch and Samsung Gear Live were officially introduced to users.

The question is, in 2014, will Apple participate in this potential market with the long-standing product iWatch.

Analysts at Canalys said, if Apple launches a smart watch with outstanding features, it is likely that growth in the market of wearable smart devices will achieve high growth. more than the company's prediction in 2013 and at the present time.

Specifically, Canalys predicts, in 2014, the growth rate in the smart wearable device market will reach 900%. However, if the market maintains its development as at the present time, by the end of 2014, the growth rate will be much higher. It is predicted that there will be no less than 2 million smart bracelets sold in 2014 but with the current strong growth, this number can reach 30 million units.

The wearable device market grew nearly 700%. Picture 2

Market observers said that the list of wearable devices is quite new to users, so it is not surprising that the growth in this market segment reached a record high rate.

According to market analysts, when the market is increasingly diversifying products, users tend to look for products that suit their use needs. It seems, a wearable smart device such as a watch or health watch ring has a compact design and is equipped with many modern features that satisfy the requirements of the most demanding customers.