First introduced in the 1990's, miniature optical spectrometers were compact, portable devices brought on the market by the desire to move from time-consuming lab-based analyses to on-field and in situ measurements. This goal of getting spectroscopy into the hands of non-specialists is driving current technical and application developments, the ultimate goal being, in a far future, the integration of a spectrometer into a smartphone or any other smart device (tablet, watch, …). In this article, we present the results of our study on the evolution of the compact spectrometers market towards widespread industrial use and consumer applications. Presently, the main market of compact spectrometers remains academic labs. However, they have been adopted on some industrial applications such as optical source characterization (mainly laser and LEDs). In a near future, manufacturers of compact spectrometers target the following industrial applications: agriculture crop monitoring, food process control or pharmaceuticals quality control. Next steps will be to get closer to the consumer market with point-of-care applications such as glucose detection for diabetics, for example. To reach these objectives, technological breakthroughs will be necessary. Recent progresses have already allowed the release of micro-spectrometers. They take advantage of new micro-technologies such as MEMS (MicroElectroMechanical Systems), MOEMS (Micro-Opto-Electro-Mechanical Systems), micro-mirrors arrays to reduce cost and size while allowing good performance and high volume manufacturability. Integrated photonics is being investigated for future developments. It will also require new business models and new market approaches. Indeed, spreading spectroscopy to more industrial and consumer applications will require spectrometers manufacturers to get closer to the end-users and develop application-oriented products.