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Global Wearable Technology Market: A Current Market Overview and Future Prospects 2012 - 2018: Transparency Market Research
Date:9/3/2014

segment of wellness and fitness. By 2018, however, it is expected that the segment of infotainment will surpass the market shares of the wellness and fitness segment owing to the robust growth in products such as smart watches and smart glasses. By the end of the forecast period, the healthcare and medicines segment could continue to lead the market due to the rising numbers of aged population and a rise in the overall cases of diabetes in the world.

Factors such as compactness, portability, multi-functionality, rising areas of application and increasing adoption of these technologies by the end users are driving the growth of this industry. The rising popularity of technically advanced devices amongst the young generation and the rising demand for real time and readily actionable data are also fuelling demands of the market. However, the high cost of technically advanced devices from this industry could hinder its growth during the forecast period.

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High adoption rates and good consumer awareness about wearable technology have rendered the region of North America as the leader of the global wearable technology market. In 2012, it was estimated that this region contributed nearly 2/5th of the total global revenues garnered by this industry. This region is expected to face tough competition from Europe and Asia Pacific regions, which, according to the report, would have shares of about 49% of this market by 2018.

The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the global wearable technology market as below:

Fitness and Wellness

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