Wearables Have Market Beyond Health, Fitness: Report

Posted: Jun 9 2016, 12:30am CDT | by , in News | Technology News

 
Wearables Have Market beyond Health, Fitness: Report
A wearable from 2005: Credit: Getty Images

Don't Miss: This How to find Fingerlings in Stock

Six in 10 smartphone users consider that wearables have uses beyond health and wellness, a new report has said, adding that devices related to personal safety and security such as panic buttons and personal locators get the most interest.

Swedish telecom giant Ericsson in its ConsumerLab report on 'Wearable technology and the Internet of things' said that consumers predict a booming wearables market beyond 2020.

The report said: "Wearables might replace smartphones and will help consumers interact with physical things and objects in the Internet of Things (IoT) era."

Although the ownership of wearables among smartphone users in the surveyed markets has doubled in the past year but it will take at least another year for the current generation of wearables to go mainstream.

"A more diverse set of wearables, such as personal safety devices and smart garments, will go mainstream beyond 2020 -- but when they do, a booming market can be expected," the report said.

Also, 38 percent of smartphone users said wearables would be used to perform most smartphone functions within just five years.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/59" rel="author">IANS</a>
The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving Diaspora in North America. Now IANS is a full-fledged wire agency, putting out news 24x7 from around the world.

 

 

Advertisement

comments powered by Disqus