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FIT - IDC: Wearables Market Soared Nearly 90% Last Year
Fitbit Inc. Class A
About a year ago, market researcher IDC estimated that that global market for wearable devices would jump to 198.5 million before proceeding to reach 279 million units by 2023. A few months later, IDC boosted its 2019 forecast to 222.9 million and its 2023 estimate to 302.3 million. IDC has just released its latest estimates for the wearables market for the fourth quarter and full-year 2019.
The market absolutely obliterated all of those initial forecasts.