Welcome!

News Feed Item

Research and Markets: Worldwide Wearable Technology Market Trends to 2018 - Concise Analysis of the $19 Billion Industry

Research and Markets (http://www.researchandmarkets.com/research/f9v6ft/wearable) has announced the addition of the "Wearable Technology Market Trends through 2018" report to their offering.

Wearable technology is clearly a growing industry, with forecasts predicting that worldwide spending on wearable technology will reach $19 billion by 2018. And by 2020, over 150 million wearable devices will ship worldwide.

With Samsung Gear Live just released, and the long-awaited iWatch eagerly anticipated, the Smartwatch category in the wearables market is poised to be commercialized by the heavy-hitters in mobile technology.

Several factors are converging to facilitate wearable technology integration including:

  • Expanded wireless capacity due to pervasive wireless (WiFi, WiMAX, and LTE);
  • Cellular market saturation and the need for wireless companies to establish new revenue streams;
  • Continuously decreasing cost of data, and the significant backing from huge companies including Google, Apple, and others.

This report discusses the market opportunities in all sectors, and reveals what we believe will be THE most profitable piece of the wearables market in the next 3-5 years.

This report discusses the market potential for various sectors of wearables. We see developments in key technologies such as Augmented Reality, Body Area Networks, Ambient Awareness, and Peer-to-Peer Communications as drivers for evolution in consumer perception of value and willingness to engage in new forms of communications, content, applications, and commerce.

The miniaturization of technology has reached a point where a variety of sensors and other tech can be built into wearable gadgets (many piggy-backing on a smartphone's connectivity, processing power and local storage) that enhance the user's life in some way. Examples are health monitoring and activity tracking, environmental sensing, data monitoring and recording, collaboration, authentication and augmented reality.

Even if your business doesn't manufacture or sell wearable devices, it will interface with wearables in some way:

  • Healthcare providers will monitor patients from across significant distances with wearable devices;
  • First responders will wear cameras to record their actions, and sensors to track their vital signs;
  • Sales people will receive pertinent information through their glasses, which will recognize the faces of potential clients;
  • Teachers will control presentations with wearable motion control devices;
  • And employees will bring everything from personal fitness trackers to smart clothing into the workplace (and onto your network) just as they do with smartphones today.

KEY FINDINGS:

  • By 2020, well over 150 million wearable devices will ship worldwide, led by the sports and fitness sectors. Advertisers will likely use exercise data and eating to serve up relevant ads and offers;
  • Increased attention toward personal health combined with a movement on the part of providers to contain costs, will trigger products and services that promote preventive measures;
  • Wearable technologies will also emerge in the huge disability market (such as aids for the deaf, blind, paralyzed and elderly).
  • In manufacturing and enterprise markets, wearable computers for hands-free operation will continue their popularity in field service and assembly lines and warehouses.
  • Forecasts for global smartwatch shipments will grow from 1 million units in 2013 to 7 million in 2014. Credit Suisse expects the industry to grow from between $3 billion and $5 billion today to $50 billion within five years.

This report is a must-have for professionals interested in creating profit from the wearable computing market.

For more information visit http://www.researchandmarkets.com/research/f9v6ft/wearable

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"A lot of the enterprises that have been using our systems for many years are reaching out to the cloud - the public cloud, the private cloud and hybrid," stated Reuven Harrison, CTO and Co-Founder of Tufin, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said "No to LUNs." With Tintri they manage only virtual machines, in a fraction of the footprint and at far lower cost than conventional storage. Tintri offers the choice of all-flash or hybrid-flash platform, converged or stand-alone structure and any hypervisor. Rather than obsess with storage, leaders focus on the business app...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Column Technologies exhibited at SYS-CON's @DevOpsSummit at Cloud Expo, which took place at the Javits Center in New York City, NY, in June 2016. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principals and help our customers meet today’s DevOps and Dig...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infrastructure through automation. Ayehu solutions have been deployed by major enterprises worldwide, and currently, support thousands of IT processes across the globe. The company has offices in New York, California, and Isr...
LogMeIn has completed its previously disclosed merger with Citrix Systems, Inc.’s GetGo, Inc. subsidiary, a wholly owned subsidiary consisting of Citrix’s GoTo family of service offerings. The merger officially closed after market hours on January 31, 2017. Effected through a Reverse Morris Trust transaction, the merger brings together two of the preeminent players in cloud connectivity to instantly create one of the world’s top 10 public SaaS companies, and a market leader with the scale, resou...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.