By 2025, the wearable technology market is forecasted to become a $70 billion industry*. Last year, with major releases in the medical, fitness, and wellness markets, the industry only reached $14 billion. That’s a $56 billion dollar gap to be filled in less than a decade, but how will we get there?
Last week, I sat down with Nick Langston (@NickLangstonJr) the head of electronic manufacturer, TE Connectivity’s Wearable Team based out of Menlo Park, California to discuss how wearable technology is more than trying to cram a smartphone onto your wrist. It’s about pushing the limits of modern technology to deliver insight and data to millions of potential users across the globe.
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Will wearable technology go too far? Smart implantables may be inevitable, but are they necessary? Join the conversation in the comment section below or tweet me your thoughts on the wearable market’s potential.
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* Wearable Technology 2015-2025: Technologies, Markets, Forecasts; Dr. Peter Harrop, Raghu Das, and Dr. Guillaume Chansin. (http://www.idtechex.com/research/reports/wearable-technology-2015-2025-technologies-markets-forecasts-000427.asp)
Filed Under: M2M (machine to machine)