The smart watch has emerged as the next generation of personal devices after smart phones. With technology advancements and continuous innovations, smartwatches are disrupting both the watches and the personal device industries. As 3G- and 4G-enabled smartwatches enter the market with numerous options of watch faces, consumers have a wide range of options to choose from. In the next few years, breakthroughs in voice communication, artificial intelligence, and machine learning will further enable the industry to grow. The study provides an overview of the market and technology trends in the IoT ecosystem, with detailed profiles of the leading participants.