While wearable technology has been utilized in vertical sectors such as the military and healthcare for many years, ongoing advances have triggered a major resurgence of the concept, particularly among the consumer community.
Key enabling technologies including low cost sensors, wireless connectivity, active materials and energy have converged to make wearable technology mainstream. With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors, ranging from glasses to even jewelry.
Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, wireless carriers, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.
SNS Research estimates that by 2015, wearable devices shipments will surpass 90 Million and will account for nearly $20 Billion in revenue. The market is further expected to grow at a CAGR of nearly 40% over the next six years. By the end of 2020, wearable device shipments will surpass 340 Million and account for nearly $57 Billion in revenue.
The “Wearable Technology Ecosystem: 2014 – 2020 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2014 through to 2020. The forecasts are further segmented for 7 device form factor submarkets, 6 vertical markets, 6 regions and 73 countries.
Complete Report Avilable at The Wearable Technology Ecosystem: 2014 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts .
The Dutch electronics giant, Philips announced that it has agreed to acquire Volcano Corporation, the American medical device maker for $1.2 billion including the assumption of debt.
The acquisition of Volcano Corporation which is a maker of catheter-based measurement and imaging...
Standard Chartered, the British bank which generates most of its profit in Asia has agreed to sell its Hong Kong and Shenzhen’s consumer finance businesses to a consortium which is lead by the China Travel Financial Holdings Company. The bank has agreed to sell the units for $600 million-$700...
Riverbed Technology which is a networking equipment maker said that it would sell itself to Ontario Teachers’ Pension Plan’s private equity arm and Thoma Bravo for approximately $3.6 billion in cash.
As per the deal, the Canadian pension plan and Thoma Bravo will pay $21 per share...
SNS Research's latest database indicates that Asia Pacific LTE subscriptions will surpass 1.6 Billion at the end of 2020.
With nearly 7 Billion mobile network subscriptions worldwide, global mobile penetration is fast approaching the 100% mark. Mobile broadband in particular is...
SNS Research's latest database indicates that global LTE subscriptions will surpass 3 Billion at the end of 2020.
With nearly 7 Billion mobile network subscriptions worldwide, global mobile penetration is fast approaching the 100% mark. Mobile broadband in particular is...
1 888 391 5441
sales@marketreportshub.com