A report released earlier today from Juniper Research (News - Alert) has enormous implications for both the technology industry and the fashion industry alike. The report puts the value of the wearable devices market at over $1.5 billion by 2014, up from $800 million this year alone. That's going to turn the wearable device market--including the increasingly popular "smart glasses" concept--into the next big thing in both industries.
The Juniper Research report in question, "Smart Wearable Devices: Fitness, Healthcare, Entertainment & Enterprise 2012-2017," says that 2014 is going to be the tipping point as far as wearable devices go. With several big names already looking into the field--including Google, Apple (News - Alert), and even Nike by virtue of the Nike+ app release--it's clear that wearable technology is about to be a thing, and quite a thing at that.
The report goes on to make some very important conclusions, beginning with the projection that North America and Europe will dominate the market, accounting for fully 60 percent of global sales in wearable devices. Additionally, sales of fitness and sports devices will be higher in terms of number of devices sold than healthcare devices, the retail value of the health sector will be slightly higher than that of the fitness and sports sector, suggesting that the average cost of health devices will be higher than those geared toward sports and fitness... Read More
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