Here is Simon Sharwood’s article at The Register.
The wrist is conspicuous (fashion-influenced), conveniently “handy”, and able to support a larger, display-enabled device. Helps it be the most popular place for a wearable device, at least for now. The article includes IDC’s wearable device forecast (below; good to see). But… it really doesn’t matter what the market size is, at this point… You either have a valuable product that you can market and distribute, or you don’t.
Source: IDC Worldwide Quarterly Wearable Device Tracker, March 30, 2015
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