BI Intelligence has released their wearable computing forecast to 2020 and they are very bullish on smartwatches.
As the chart below shows, BI Insider is forecasting that wearable computer shipments will grow 22% per year on average through 2020, reaching 235 million units shipped in that year.
Smartwatchs will drive a big chunk of this growth and will make up 52% of total wearable computing shipments in 2020.
BI Insider is especially bullish on Apple's smartwatch.
They're forecasting Apple will ship 15 million units this year, growing to over 40 million shipped smartwatch units in 2020 - an impressive compound average growth rate of 24% per year through 2020.
This is the 2nd time in the last week we've published a story based on info from BI Insider. They do good work and for only $495 per year for access to all their research, they're a bargain.
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