Wearable tech market predicted to grow by nearly 60 percent

wearable tech smartwatch

Hexa Research has forecasted that the category will experience massive growth between 2014 and 2020. The results of a new data analysis by Hexa Research have been released in the form of a report entitled “Wearable Technology Market”, and the prediction is that the wearable tech market will experience a 57.7 percent growth between 2014 and 2020. As of yet, the devices outside fitness trackers have struggled to gain mainstream acceptance. However, if Hexa Research is correct, wearable tech will become notably more commonplace in four years from now. This…

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Wearable technology is as popular as tablets in the UK

wearable technology watch mobile commerce

According to YouGov statistics, 6 percent of the population of the United Kingdom has at least one type of wearables. YouGov has now released a wearable technology market report which has shown that the adoption of these little devices is actually quite similar to that of tablet adoption in the United Kingdom. That said, the actual rate of adoption has been notably slower than it has been for tablets. Adoption of wearable technology has now risen to 22 percent, according to the YouGov report. The report explained this by saying…

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The market for wearable technology could soon include 385 million people

wearable technology watch mobile commerce

If the wearables market does grow as many expect it will, it could potentially alter the way we “consume and use information”. Erinn Murphy and Christof Fischer, of the bank and asset firm, Piper Jaffray, recently released a note to clients that stated that “wearable technology will be the next generation of devices to transform how individuals consume and use information.” While the adoption of smartwatches has not been a rapid one, wearable tech as a whole has been taking off. The note indicated that it may not be long…

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69 percent of Americans aren’t interested in Apple Watch ownership

apple watch - standard edition

This, according to the results of a wearable technology poll that was held and reported on by Reuters. Although the Apple Watch may be one of the biggest headlines to hit the wearable technology market, the vast majority of Americans aren’t actually interested in buying one, and a striking number haven’t even heard of it. This result of a Reuters/Ipsos poll could suggest that Apple’s smartwatch could be facing similar barriers to its rivals. The wearable technology market has seen a significant number of challenges as it attempts to gain…

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Wearable technology devices deemed “too embarrassing”

wearable technology

In the United Kingdom, consumers said that they would be too embarrassed to use wearables. The results of an Apadmi survey have been released, and what they have shown is that in the U.K., one third of all consumers would be too embarrassed to put wearable technology gadgets on and use them in a regular setting, outside. This suggests that before wearables will be able to make it into the mainstream, they will first need a makeover. The survey indicated that a large number of consumers would not be willing…

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