Wearable technology is often touted as one of the greatest applications of the Internet of Things, and with good reason. Wearable electronics that consumers can display on their bodies have the potential to transform the way we live. Devices from Fitbit and its peer companies allow people to track their health and exercise progress in previously impossible ways. And smartwatches bring the power of smartphones directly to the wearer’s wrist. But IoT devices didn’t just crop up out of nowhere. This wearable technology can trace its roots back further than you might think, and the road ahead for wearable devices looks bright.
According to the new Market research study published by The Insight Partners, The Global Wearable Technology Market was estimated at US $26.19 billion in 2015. This market is expected to grow at a CAGR of 20.8% between 2016 and 2025, to reach US $170.91 Billion in 2025.