Report: 90 million wearables to be sold in 2014, even more in 2015

According to ABI Research, a market analysis and intelligence agency, more than 90 million wearable gadgets will be sold this year, mostly health-oriented fitness companions and activity sensors. ABI Research also claims that smart glasses, watches, and even smart clothing are "the next big thing" in consumer electronics. In addition, wearable gadgets that revolve around healthcare are becoming extremely popular due to the increased self-awareness about one's overall health, ABI says.

ABI Research also claims that the increased diversity of hardware vendors will allow even fledgling and underdeveloped manufacturers to release their own wearable gadgets and compete with the major players in the industry. The research company claims that smart watches and glasses won't be a big hit on the market – however, it is expected that more than 2 million smart glasses will be sold in 2014 and the demand for such wearable devices will increase in 2015.