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.
View Full Report with TOC @ http://www.radiantinsights.com/research/the-wearable-technology-ecosystem-2015-2030-opportunities-challenges-strategies-industry-verticals-and-forecast
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Research estimates that by 2016, wearable device shipments will surpass 140
Million and will account for nearly $30 Billion in revenue. The market is
further expected to grow at a CAGR of 30% over the next five years.
The
“Wearable Technology Ecosystem: 2015 – 2030 – 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 2015 through to 2030. The forecasts are further segmented for 7 device
form factor submarkets, 7 vertical markets, 6 regions and 73 countries.
The
report comes with an associated Excel datasheet suite covering quantitative
data from all numeric forecasts presented in the report.
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