Samsung leads the smartwatch race with a 71% market share

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Samsung has reportedly captured a 71 percent share of the emerging smartwatch market, while other device makers are still struggling to release their products.

Market research firm Strategy Analytics has revealed that Samsung has already shipped 500,000 smartwatches across the world in the first quarter alone. To put things in perspective, only 1 million wearables were sold in the entire year of 2013.

Various other device makers have revealed plans for launching their own wearable devices, including smartwatches and other products. However, other than Samsung's Galaxy Gear series of smartwatches or the Galaxy Fit line of fitness tracking devices, there aren't many devices for consumers to choose from -- something which has greatly helped Samsung capture the majority market share.

Manufacturers such as Nike have already decided to step out of the wearable tech market. But other companies have taken a different approach to wearables; like Pebble, which recently introduced its classically-designed Pebble Steel smartwatch and which has seen plenty of success from more keen enthusiasts. But as stated earlier, these companies do not have a global presence like Samsung, who are selling their wearable products in almost every country where the Galaxy Note 3 and Galaxy S5 are available.

It will be interesting to see how the wearable market shapes up once more companies launch their products and make them widely available. LG, Motorola, HTC and Asus are expected to launch wearable devices with the Android Wear ecosystem over the next few months. LG may launch its G watch at the upcoming G3 event on 27th May as a companion to the smartphone similar to Samsung's set of products.

Source: SamMobile | Image via DigitalTrends

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