Wearables to be Worth $50 Billion in Next 5 Years

Written By Wearables.com

In a new study by ON World,the  wearable technology industry is poised to reach $50 billion within the next five years.


Within that rapid growth, the study suggests that more than 700 million wearable tech devices will be shipped into the global market, thus creating a market worth $47.4 billion. The vast majority of this wealth will be created from hardware, however monitoring services, subscriptions, and mobile applications will have a faster rate of growth within this time period to accommodate the devices. Even with a quick look into the upcoming future, wearables such as smart watches, glasses, and personal sensors are set to surpass fitness/health oriented wearables by the end of the year, and make up ⅔ of the industry by 2018.


ON World interviewed more than 1000 individuals, including companies that are already and plan to be in the market such as Adidas, Microsoft, and Motorola.


The post Wearables to be Worth $50 Billion in Next 5 Years appeared first on Wearables.com.

Tags: Health+Fitness


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