According to data coming from a recent Strategy Analytics report, Samsung is currently dominating the smartwatch market. The report is looking at the first quarter of 2014, which means it is referring to the Galaxy Gear smartwatch, as opposed to the newer Gear 2 and Gear 2 Neo smartwatches.

Strategy Analytics mentioned how global smartwatch shipments “grew a healthy” 250 percent year-over-year in Q1 2014. The report states Samsung shipped 500,000 smartwatches during the first quarter. There was also mention about how Samsung was driving the market and “outperforming all major rivals like Motorola and Pebble.”

There has yet to be any reports in terms of how this may have changed since the first quarter wrapped. Or in other words, since the Gear 2 and Gear 2 Neo have launched. Not to mention, we suspect this report will be looking rather different come this time next year. After all, there are new players such as Motorola with the 360 and LG with the G Watch getting closer to launch time.

While the Galaxy Gear smartwatch was intended to be paired with Samsung devices — this seems to be a case of good news, and more good news for Samsung. Of course, while interesting to see Samsung leading the smartwatch space with 71 percent of the market share — we’ve been watching them sitting on top in terms of smartphone market share for quite some time.

VIA: SamMobile

SOURCE: StrategyAnalytics