Type of Article: MacTech Blog

The Smart Home ecosystem comprises both hardware devices and software apps and together they are supposed to make an efficient system for consumers.

According to a new report by Research and Markets (www.researchandmarkets.com), shipments of connected wearables reached 72.5 million in 2015, up from 25.3 million devices in the previous year. Growing at a compound annual growth rate of 25.8%, total shipments of smartwatches, smart glasses, fitness & activity trackers, people monitoring and safety devices and medical devices as well as other wearable devices are forecasted to reach 228.3 million units in 2020.

Gartner Inc. (www.gartner.com) forecasts that worldwide IT spending will total $3.54 trillion dollars in 2016, just a 0.6% increase over 2015 spending of $3.52 trillion dollars.

2015 saw the largest U.S. dollar drop in IT spending since the research group began tracking IT spending. $216 billion dollars less was spent on IT in 2015 than in 2014 and 2014 spending levels won’t be surpassed until 2019.

According to the IDC research group (www.idc.com), vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud, grew by 23.0% year over year to $7.6 billion in the third quarter of 2015 (3Q15).

At CES 2016, IEEE (http://www.ieee.org) , the world’s largest professional organization dedicated to advancing technology for humanity, conducted a survey that asked booth visitors to answer a range of questions regarding the future of AR/VR [augmented reality/virtual reality] technology. 1,537 participants took the survey.