HTC reportedly plans to enroll in a smart watch market already populated with Fit bit pressure, Pebble, and Samsung Galaxy equipment.

As pastime in wearable computing will increase, HTC is said to be engaged on a smart watch so as to snap photographs.

The struggling handset maker is predicted to liberate an Android-based totally smart watch with a digital via the top of subsequent 12 months, Bloomberg reported Monday, citing an unidentified person described as aware of the topic. The report emerges a day after HTC CEO Peter Chou was once quoted with the aid of the financial times as pronouncing that the wearable technology market is “an essential phase for us” however that wasn’t sure the time is correct to leap into the gap.

the marketplace for wearable technology is predicted to increase abruptly in the following couple of years, with international spending hitting $19 billion via 2018, in keeping with a file launched ultimate week with the aid of Juniper analysis. The rise will stem largely from “heightened shopper awareness of wearable know-how,” Juniper research’s Nit in Bras stated in a statement.

Whereas much of that heightened awareness is as a result of stories that Apple is working on a smart watch, HTC will also be competing with rival Samsung, which jumped into the wearable market in September with its digital camera-equipped Galaxy tools smart watch. Other players already out there embody the Pebble Watch, Sony Smart Watch 2, and Fit Bit pressure.

The Taiwanese handset maker is struggling against fierce competition from Apple and Samsung. A decline in mobile market share recently resulted within the firm reporting its first quarterly web loss in more than 10 years. So that you can reverse that slide, Chou is planning to quickly relinquish a few of his everyday duties to focus on innovation and product development.