Wearable Technology Market

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 TMR’s website.

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