Wearable Technology Ecosystem Market Expected to Grow at CAGR 40% by 2020

Wearable Technology Ecosystem Market

FLORIDA, Nov. 24, 2015 /Netdugout/ – The Wearable Technology Ecosystem: 2015 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts. 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. Market 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.

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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.

The report covers the following topics:

  • Wearable technology ecosystem
  • Market drivers and barriers
  • Enabling technologies for wearable devices
  • Prospects of standardization and regulation for wearable technology
  • Wearable technology industry roadmap and value chain
  • Assessment of vertical market opportunities and use cases for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other verticals
  • Case studies of wearable technology deployments
  • Company profiles and strategies of over 360 wearable technology ecosystem players
  • Wearable device vendor market share
  • Wearable device operating systems
  • Prospects of smartphone OEMs and wireless chipset suppliers in the wearable technology ecosystem
  • LTE Direct and its impact on wearable technology
  • Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and wireless carriers
  • Market analysis and forecasts from 2015 till 2030

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This is Nicole Austin is Assistant Manager and senior principal of the Market Research Store, a market research firm located in Florida, New York. I am Post Graduated of University of Miami, where I received MBA in Research and Development Management. I started Market Research and Analysis from a young age and most of my skills and knowledge are self taught. Find me on Google, Linkedin,Facebook


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