Apple will sell around 20 million Apple Watches in 2015, accounting for over a quarter of the 75 million wearable technology sales for the year, predicts CCS Insight.
Ben Wood, CCS Insight's chief of research, said that the launch will be a catalyst for more rapid growth in the wearable technology market.
"If the Apple Watch performs as well as expected, its halo effect will result in a sales bonanza in the second half of 2015, with record-breaking shipments in the important fourth quarter," he said.
Over half of the global sales of wearable devices in 2014 were in North America, and CCS does not forecast any slowdown in the market for 2015.
CCS also predicts that 172 million wearable devices will be sold during 2018, the majority being of smartwatches and smart wristbands.
Smart eyewear, however, will comprise only three million of those devices, a mere 1.7 percent of the total. However, CCS predicts that sales of smart glasses will increase, the majority being used in business environments.
Intel recently acquired video eyewear specialist Vuzix as part of a push into the business wearables market.
Samsung and SAP have also teamed up for the market. SAP already produces smart glasses that display technical manuals and work orders via augmented reality to workers who need their hands free to use tools.
In contrast, Google recently stopped sales of its Glass eyewear, but said that it remains committed to developing smart glasses.
CCS also forecasts that over 340 million wearable devices will be in use in the market by the end of 2018, more than eight times the number today.
It is likely that wearable technology will soon become a far more common sight in the workplace, particularly as Salesforce has introduced development kits to drive wearables use in enterprises.
Mark Zuckerberg mercilessly trolled by Harvard student newspaper after return to university he dropped out of 12 years ago
'Unauthorised user' blamed by Harvard for insulting Mark Zoinkerberg
Android under attack from 'Judy', Google Play Store malware that has infected up to 36.5 million users
Yet more Android malware discovered on the Google Play Store
Airport believes new system will be more reliable than GPS or Google Maps
OnePlus 3T canned to make way for imminent OnePlus 5 with Snapdragon 835, 8GB memory and dual camera
OnePlus 3T to be prematurely retired on 1 June - perhaps indicating plans for an imminent OnePlus 5 launch