Wearable technology is a $7 billion industry with predictions to more than double by 2019. The primary source of this market growth will be from Millennials (who are between the ages of 15 and 35). This generational group is quickly adopting wearables and the wearable technology market is migrating from fad to developing trend as competition and application continue to develop.
Wearable technology includes many forms of technology that a user can attach to his body, including eyewear, wristbands or even microchips that track a location, heart rate and myriad other data relative to the user, his environment, or possibly, a product with which he’s interacting.
While wearable technologies have largely proven their value in the consumer fitness market, traditional companies are curious whether there are benefits for them. — Read the rest of this article on TechTarget.com