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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Wearables are used by a small fraction of adults

smartwatch wearables technology

Over 80 percent are already using smartphones and among them, most have Android mobile devices. Although both last year and this year have been declared the year of the wearables, and many have expected that these devices, such as smartwatches and smart glasses, would go mainstream, it looks as though it may require a little bit more time for that hype to turn into consumer adoption. The results of a recent study has shown that wearable technology is used by a small minority of adults. This research was conducted by…

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Wearable technology is growing in appeal to police officers

Canadian Police Use mobile police technology

The CEO of Taser has revealed that law enforcement is seeing benefits in wearables. According to the CEO and founder of Taser International, Rick Smith, wearable technology is now being used on an increasing basis by police departments in order to help in documenting their activities. This shows that wearables are no longer devices that are exclusively for early adopters or for extreme athletes. Police departments had once had a hard time accepting the use of cameras built into vehicles such as cruisers, or into wearable technology are now finding…

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Morgan Stanley believes in the future of wearable technology

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The financial services firm has predicted that this tech category will grow to a business of $1.6 billion. Wearable technology remains a tech category that is in its infancy, and while there is a rapidly growing number of devices continually being released – from smartwatches to smart jewelry and from augmented reality glasses to clothing with sensors – the analysts at Morgan Stanley have faith in the growth that it will experience and have released a promising forecast for its future. They have predicted that it won’t be long before…

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Sales of wearable technology to surpass 50 million by the close of 2014

smartwatch wearable technology

The holiday shopping season is expected to make a massive difference in global shipments of wearables. Among a growing number of predictions that are being made about wearable technology sales, this year, is a new one that has been issued by Futuresource Consulting, which has forecasted that the global shipments of wearables will reach 52 million by the close of the year. This sales figure is considerably higher than those that were released by Juniper Research earlier in November. Juniper had said that their predictions were that there will be…

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Wearable technology industry has a serious challenge ahead

ChipSip SiMEye Smart Glasses wearable technology

A Google X exec has stated that wearables have a long way to go before things become easy. When it comes to propelling the tech world forward, it is easy to say that Google has played an exceptionally important role, but at the same time, an executive from that company’s X division has stated that the wearable technology effort is facing an uphill battle before it truly finds its way to more level ground. The Google X division is responsible for not only the development of wearables but also self…

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Wearable technology is highly desirable to 16 to 24 year olds

smartwatch wearable technology

Within that age group, a study has shown that 71 percent would like to own some form of wearables. A recent survey conducted by GlobalWebIndex has revealed that among consumers within the age group of 16 to 24 years of age, 71 percent would like to own some form of wearable technology device. This category was defined as anything from Google Glass to a smartwatch or a smartband gadget. The research indicated that among all of the survey participants which represent internet users from around the world, 64 percent had…

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