Things to Know About Consumer Wearables

April 08, 2016
Things to Know About Consumer Wearables
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Things to Know About Consumer Wearables

If you've never worn one, you probably will in the future. If you've never heard about them, chances are you'll eventually end up buying one or more. So, what are we talking about? Well, they're called consumer wearables and their popularity continues to soar and their market continues to explode. So, what are consumer wearables? Read this article to find out and to know more...

The consumer wearable market includes smart watches, glasses, fitness and health trackers, smart jewellery and others. While so-called "smart devices" such as electronic wristwatches, car alarms, and coordinated traffic lights have been around for decades, the current crop of wearables are a breed apart.

These are worn around the wrist, but an increasing number can be clipped to the body or hung around the neck. They are also quickly blending with jewellery and are being worn in the same way.

Wearables can record your heart rate, body fat composition, perspiration, health, temperature and muscle activity just by touching your skin. They can also measure movement, distance and speed.

However, currently, many are still a bit weak at interpreting the results. This is an area under development and once wearables are able to interpret the results for us, they will become highly effective life coaches, rather than just items of curiosity.

Today, Internet-connected objects result in a much greater prevalence of smart objects, with much higher connectivity between them, resulting in smarter devices. In this guide, we shall talk about some facts about these products. What are they? Here goes...

  • The wearables market will hit almost US $3 billion in 2016 and will hit over 4 billion in 2017

  • Just under 50 million wearable devices were shipped in 2015 and over 125 million will ship in 2019

  • Employees with wearable technology reported an 8.5% increase in productivity and a 3.5% increase in job satisfaction

  • One in six consumers currently own and use wearable tech

  • Wearable owners are more likely to be upper middle class and 29% of them make more than US $100,000 a year.

  • Growth in this market is expected to increase 35% by 2019

  • Smart watches will lead the market and they accounted for 59% of wearable sales in 2015. They are estimated to grow to 70% of sales in 2019

  • There will be a total of over 50 billion Internet-connected devices worldwide by 2020.

So, this is a little something about wearables. Reams have been written about them and this body of work is only expected to grow, as they become more and more sophisticated at not just recording, but also interpreting.

So, do pick up your very own wearable, even if you haven't so far and give it a try. Who knows, you may feel it was just the right decision. Here's to smart tracking...


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