Drivers and Challenges of Wearable Technology by Advaiya Solutions

1. Wearable technology industry is booming
According to Gartner, wearable devices will
emerge as a US $10 billion industry by 2016
82% of users believe wearable tech has
enhanced their lives
The Wearable technology market will
grow to 485 million annual device
shipments, in 2018
Integration with
computing devices
and social interfaces.
Wearables have the potential to change our lives
and impact many industries
Entertainment, Media and Communications
Wearable technology makesmedia and entertainment
more immersive and fun
Consumers want wearable technology to offer
anytime/anywhere access to their favorite networks
Health
Wearable technology is making health care
more convenient and effective
Physical activity tracking is leading the wearables market today
Retail
Wearable technology will soon become anintegral
part of many retail experiences and is poised
to create an enhanced customer experience
Wearable technology will enhance business as retailers
would be able to connect the dots between pre-store and
in-store behavior, and reach a new level of interconnection
Technology
Wearable technology will be powerful for big data
analytics and help to tackle many things
Beyond providing users with real-time data about their health
or an augmented view of the world, wearable technologies will
form an integral part of the Internet of things”
Activity Tracker Artificial Pancreas Smart Watch
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The Rise of
Wearables
The US market has a
large number of early
adopters and consumers
of wearable devices
North America is expected
to have 43% share of the
global wearable technology
market by 2018
20% of American
adults already own a
wearable device
Fitness and
physical activity
tracking
Complex
to configure
and use
High
power
consumption
Lack of data
privacy and
security
Safety for
humans and
pets
More than 80% of the
respondents in Indian urban
areas expressed the desire
to buy wearables tech
Drivers Challenges behind wearables
Examples of Wearable Tech
Smart Glass
Displays information
through a wearable
display screen
Help you track
your stats to reach
your health goals.
Help people gain control
of their diabetes versus
multiple daily injections.
Keeps you
discreetly updated
your hands free
43%
80%
Some other wearable technology innovations that have transformed our lives:
Smart Socks, Gaming Vest, Cut Resistant Fabric, Smart Ring