Wearable Technology on the Rise

    Published: 06-16-2009
    Views: 8,103
    Juniper Research projects that wearable technology revenues will reach $19 billion by the year 2018.

    Juniper Research forecasts that the mobile smart wearable device market will reach $19 billion by 2018 bringing in $1.4 billion in revenue this year.  What’s driving this rise?  The desire for “Multimedia and Entertainment” and “Multifunctional” devices.  Guess you can say we want everything all at once.  Fitness factors in big time as this market has seen its share of wearable devices.  Researchers say it seems like there is nowhere for the wearable market to go but up, with everything from smart watches, to Google Glass and watches for watching the kids.  But they say this technology is still very new, which has initial prices set high.