Artificial intelligence (AI) is set to launch the smartwatch market into a high growth trajectory, says a report by Counterpoint Research.
It estimates the wearables market, dominated by fitness trackers like Fitbit, to grow 376 per cent annually in 2017 to reach 60 million units, on the back of artificial intelligence (AI). Smartwatches only account for about 12 per cent of the wearables market in India. This share is estimated to grow to grab 42 per cent share in 2017, helped by AI-backed smartwatches, Counterpoint Research states in the report.
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