It’s the longer term view that is more worrying. Once a manufacturer is on board with an Android Wear device there is every chance they will be restricted to Android Wear for any ‘wearable’ that they release, or they lose Android support across the range – the same deal as the Open Handset Alliance with Google Play. That leaves Google in the driving seat for this new-found market.

This Is How Google Can Dominate The Smartwatch Industry For Years To Come” via Forbes

Just like an new hardware platform, wearables will benefit from a decent level of hardware standardization to encourage early adopters (both consumers and developers).  

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