I recently gifted myself a smartwatch, and I’m wondering what else this small device can do. I was surprised how a small device could track my steps, play music, connect to Bluetooth, and access location, calls, etc.
So, I went over the web and found out that the market size for smartwatches has already been valued at more than 29 Billion USD in 2023 (Fortune Business Insights). My research left me with so many interesting facts to know about the industry.
So, here I am to share my insights with you on how the market can boost its consumer base by adding more features to it for better productivity and entertainment.
Keep reading.
When smartphones started to take off, iGaming developers created titles designed for mobile. Now that the device is quite popular among the population, the bet has made its results and the game developers are now enjoying a huge user base.
It became much easier for players to log on to online casinos easily and play games like European Roulette. Thanks to upgrades in HTML5 technology, the new version fits seamlessly with the screen and adapts to differently sized devices. Players can now see the wheel and the betting area in view, making it possible to place wagers easily.
It could be possible for smartwatches to get involved with these online casino games to give players new ways to bet. For example, if a smartwatch app was integrated with an online roulette game, it could let players place bets on the watch screen and then view the wheel in full screen on the smartphone. It’s certainly an idea that smartwatch developers can explore.
Research shows that people have more than four productivity apps installed on their phones on average, highlighting how popular services in this category are. Some top-rated apps include Microsoft OneNote and Google Calendar.
With productivity being such a key feature of smartphones, it would make sense to bring it to the smartwatch industry as well. It has already started to happen. With many options such as Todoist now available for quick use on smaller devices, users like the idea.
Indeed, smartwatch wearers can set various alerts so that they are notified about things. This means they can put their phone away somewhere and avoid the temptation of looking at it. The focus mode in your mobile phone works the same way.
As AI becomes more embedded into the tech market, there’s plenty of scope where adjustments can be made. AI-driven time management could soon be a common feature, as the technology could analyze users’ day-to-day activities to make predictions about what they may want to do. It could potentially figure out that they may have forgotten to do something, and then remind them about it.
NOTE: However, there might be some arguments made related to user’s privacy and personal data due to some regulations like GDPR, HIPAA, and more.
AI may also be able to improve the way smartwatch users interact with productivity apps. It’s difficult to write reminders and tasks on the smartwatch screen, but talking to a voice assistant can usually get the message across.
However, Apple’s Siri is famous for getting things wrong a lot of the time, which can be frustrating. Smartwatch manufacturers can take that as a lesson. Hence, more advanced AI should be able to perform a greater number of functions, and immediately write down the things that the user says accurately.
Entertainment is one of the key reasons why most people buy smart devices. New forms of entertainment came about in the smartphone era, and the same thing could happen with smartwatches. If watches can offer something that can’t be found on other devices, it can add value to them.
Much excitement currently surrounds the potential of augmented reality in the future. Many analysts expect it to be the next major tech upgrade to go mainstream. Speaking of real-life examples, Facebook and other major companies have already started to experiment with smartwatches and AR, with the wearables acting as controllers for AR glasses.
Then there’s the promise of upcoming holographic technology, which will enable the creation of 3D images without the need to wear glasses or any screen surface of any kind. The most crazy thing about this aspect is that smartwatches could be among the first devices to transmit these holograms. It will bring concepts that were once only possible in movies to the real world, and, maybe someday, even your living room.
Just imagine: you press a button to answer a call, and then a miniature hologram of your friend pops out of the smartwatch – this could happen in a few years!
For the smartwatch industry to boom, it not only needs to replicate some of the things that worked so well for smartphones but innovate some things from their side too. On top of that, companies that make smartwatches should aim to offer experiences that can’t be found on any other devices. And, who knows, smartwatches could soon become a basic necessity.
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