With the slow increasing speed trend of the mobile phone and the pad market, wearable devices is becoming the new growth margin in the consumer electronic industry. Intelligent wearable devices is ready for the rush hour of its prosperity. According to the China IT Research Center, Whole revenue in 2014 of the Wearable devices will increase 350% to 22.7 million devices. In addition, they predict that the sales volume should be over 100 million in 2017.
While this market is getting more and more attentions from the investors, manufacturers, material providers and those companies with high standard R&D ability., Like Apple、Google、Amazon、Samsung、Huawei、Baidu etc. Those traditional electronic or IT giants and the newly internet companies are getting involved with the wearable devices more or less, and their products are in the progress and in public since 2012 and developing so fast. Estimated by Displaybank, Wearable devices has a huge rapid speed to grow the market globally. And they indicate that the display market scale could reach 22.7$ billion, and the growth rate will maintain 52.9% per year.
What’s more, this industry is actually has a very intense connection with the medical instruments industry. It might be affecting the whole supply chain and the end to end market industries to have a new growth market point. Wearable devices are not only having those fancy interfaces, all kinds of functions of sending messages, calling and managing emails, taking photos, it can collect the KPI of our body’s health, which is why this high-tech industry will definitely put themselves into the big data market. I believe that the traditional medical instruments and solution providers like Philips、Simens、Toshiba and even Intel will catch this great opportunity to take a share in this huge cash pool. Since this really matters with our humans health.
Actually, SAP has the very mature and stable rapid implementation solution in the Hi-tech industry, like SAP Portfolio Management for innovation and Product Development rapid-deployment solution and SAP Quality Issue Management rapid-deployment solution. Those solutions can bring the effective results in their production innovation sourcing business needs, helping them Reducing costs of product/engineering change, reducing time to market and reducing the cost of new product development and introduction.
We also look forward those wearable devices manufacturers in the High-tech industry would like to take advantage of the whole channel sales way, especially O2O business model to have a quick and accurate respond of the customer needs and customization service. The best technology should work together with the best technology. SAP Hybris (focusing on e-commerce) solution helps the devices vendors to become the direct sales producers. It will definitely reduce the costs of your inaccurate market analysis, inefficient supply chain costs and the unnecessary inventory costs.
Specifically in Chinese wearable devices market, SAP is still finding the opportunities in south China (Shenzhen city, Guangdong province) to help those most innovative smaller and middle size manufacturers to have a better business revolution planning to accelerate the growth, as well as building the health innovative eco system with SAP.