Transparency Market
Research
Wearable Technology Market - Global Scenario, Trends,
Industry Analysis, Size, Share And Forecast 2012 - 2018
Published Date
2013-01-14
60 Page Report
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Press Release
North America to Lead Global Wearable Technology Market,
Healthcare Sector Dominates Demand
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Wearable Technology Market
REPORT DESCRIPTION
Wearable Technology Market - Global Scenario, Trends, Industry Analysis, Size,
Share And Forecast 2012 - 2018
Transparency Market Research, a leading U.S.-based market research and analysis firm, has
released a new report on the global market for wearable technology. This comprises devices worn
on the body rather than carried around like other consumer electronics. The two main purposes
of wearable technology are to monitor various bodily markers and to keep the user connected to
the digital world by syncing to parent electronic devices such as smartphones. Within the former,
some wearable devices can also compute data gained from the markers they monitor and take
actions such as drug delivery in response.The market for wearable technology is on the rise
owing to growing demand from younger demographics and the high computing power wearable
devices provide in a relatively small and compact size. The global wearable technology market,
according to TMR’s research report, was worth US$750 million in 2012. It is expected to make
further gains in the coming years, at a CAGR of 40.8% from 2012 to 2018. The 2018 value of the
global wearable technology market is expected to be US$5.8 billion, a jump of close to 800% on
its 2012 value.The TMR report, titled ‘Wearable Technology Market - Global Scenario, Trends,
Industry Analysis, Size, Share and Forecast 2012 - 2018’, is available for sale on...