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Wearable Technology
Barometer
Wearable Technology
Barometer
about wearable
technology we
can’t afford to miss12Things
A Quick Overview
1) Wearable forms an integral part of IoT Ecosystem, making SENSEout of the Ecosystem
Leverage
sensors
Attached
tothings
SENSING EFFICIENT
Adds
Intelligence
tomanual
process
EFFICIENTNETWORKED
Connects
objectsto
thenetwork
SPECIALIZED
Customizes
Technology&
processto
specificverticals
Deployed
pervasively
EVERY WHERE
Wearable are amalgamation of one or more sensors empowered with computational capabilities,
which captures and analyzes user’s data and has a capability to connect to the internet, enabling
communication between a network and a device. Wearable technologies present a significant
opportunity for businesses, both in terms of new markets and data collection. This is how Wearable
makes SENSE out of the IoT Ecosystem.
Services
A person with a heart monitor implant, a
farm animal with a biochip transponder
Any other natural or man-made object
that can be assigned an IP address
An automobile that has built-in sensors to
alert the driver when tire pressure is low
Wearable Technologies : Integrated part of IoT
The “thing” can be
2) IoT Ecosystem & Trends
Privacy Concerns,
Insufficient
Authentication
/Authorization,
Transport Encryption,
Web Interface,
Insecure Software
Security
Services
Platforms
‱ Device, network & application enablement
Analytics/Social Business
Applications
Connectivity
Intelligent Systems
Internet of Things
3) Value Chain Network & Key Player analysis
Medicine &
Healthcare
Infotainment Sports & Fitness Clothing & Lifestyle Gaming
Industry Verticals
Key Players
Sensors/
Chips/Processors
Gateway/
Device Manufacturers
Connectivity
Providers
Enabler/Aggregator/
Cloud Services Solution ProvidersModule Providers
Application
Provider
System Integrator
Authentication
/Testing
& Certifications
Advance
Intelligence SolutionsData Security
Regulatory
Bodies & Government
User centric
Small, durable,
energy efficient&
cost effective
Aesthetic
appeal of
trendy
fashions
Must be
Integrated
Into the
users
daily life
4) How Wearable is different from other verticals of IoT and the next Big Thing!!
Hands free ,
less distraction
Always on
Environment
AwareConnected
.Voice/Gesture Control
Less distracting while
receiving alerts
Low power
consumption
Instant Wake
Background
Sensing
GPS Microphone
Camera Accelerometer
Compass Other sensors
Development
Platform
3rd Party Apps
Accessories
API partners
A hefty
52 %
of people recently
polled said they're
aware of wearable
technology devices
29%
of wearables
owners make over
$100,000 per year
The Wearable
Technology market
was valued to be
$6.3 Million in 2010, $5.1 Billion
in 2014 and by 2018
is predicted
to surpass $12.6 Billion
(Head Tech)
Today, wearable
technology is a
$700 million
industry in the
form of sports And
activity trackers
71%
Of Americans say the
wearable technology has
improved their health
(Rackspace) 61%
of all devices in the
wearable tech market are
activity or fitness trackers
(ABI Research)
Google glass
adoption will
climb sharply
to 21 million
units sold
in annual sales by
year-end
2018
5) Wearable Technology : Why now???
Internet Boom: More & more people connected online
Cheap sensors: 60% 60% price in last 10 year
Cheap Bandwidth: in cost by a factor of 40X approx.
Cheap processing: in cost by a factor of 60X approx.
Smartphones: Serving as remote control for connecting devices
Ubiquitous wireless coverage: available for free / at low cost
Big Data: Analysis of voluminous amounts of unstructured data
IPv6: 32-bit address, translates to about 4.3 billion address
Wearable Technology : Why now???
Consumer (65% )
2014
||
$ 9.2
Billion
$
30.2Billion
Wearable Market
General Consumer (42%)
Fitness and Sports (40%)
Gaming and Rec (10%)
Home Automation (5%)
Fashion and Apparel (2%)
Non – Consumer ( 35%)
Consumer applications are the largest component of
the overall market. BCC Research published the most
comprehensive study on the topic, projecting the
market to grow from $6 billion in 2014 to $22.1
billion in 2018. The non-consumer market accounts
for the rest: $3.2 billion in 2014 and $8.1 billion in
2018
Healthcare (34%)
Defense & Security (31%)
Enterprise and Industry
(34%)
Applications Applications
2018
||
6) Market Segmentation of Wearable
8/27/2015
11
Adoption Rate in North America : 45%
Dominates the market
 Technological advancements
Adoption Rate in ROW (Rest of the World): 5%
Expected to witness growth
 Increased demand of wearable technology in Middle East
and Latin American regions
Adoption Rate in Europe : 23%
Exhibit growth potential
 Germany and the U.K. dominate the market
Adoption Rate in Asia Pacific: 27%
Fastest growing region
 Technological advancements in APAC region
 Low production cost in India and China
7) Adoption rate Geographically
Market size by application
8) Market Segment of Wearable
Major Challenges
9) Major Challenges in Wearable Eco-System
Standards Compliance , correct estimation
of size , weight and display of product
Product Weight a big challenge .
Reaching the right End User
Market demands for intelligent ,durable ,
water-proof products
Dearth of Knowledgeable and
experienced resources
Fragmented Ecosystem
Availability of products
at affordable price points
Development cost of application is
very high
Wearables knowledge good in Fitness
and Health Segment. Other domains are
void regarding the resources
Power Consumption ,
size and weight of device
High Competition
in a Fragmented Market
Challenges for
Component providers
Challenges for
Product Providers
Data Security ,
Application Integration
Challenges for Wearable
Application Providers
Big Challenges to build Cross-Platform
Application and interconnect device
Immature and fragmented market ,
lack of standards
Frequent Application upgrades ,
Integration between Apps and Sensors
9) Major Challenges in Wearable Eco-System
10) Wearable Opportunity and Market Perspective
80 % are interested in buying fitness monitors;
76 % percent are interested in smart watches;
74 % percent are Internet-enabled glasses.
Across all countries consumers are generally excited
about the following:
46 % percent think smartwatches are of value;
42 % percent Internet-connected glasses.
According to a survey conducted in October and November
2013, across six major countries: Australia, Canada, India,
South Africa, the United Kingdom, and the United States , there
were few major Highlights ( Source : WearableTechWorld )
Among the six countries surveyed, very interestingly consumers
in India were most interested in wearable technology:
If your business is in
one of the following six
industries PwC says it’s
best poised to take
advantage of the
Wearable trend, it’s high
time you should give
Wearable the due
respect it deserves in
your Strategy for
current Fiscal Year
‱73 percent expect wearable technology to make media and entertainment
experiences “more immersive and fun.”
‱They’re not looking to wearables “to create new genres of communication and
entertainment--but rather to improve those already in existence,” according
to the report.
‱Help health-conscious people monitor everything from calories consumed
and burned to steps taken to sleep
‱76 percent says they’d like to use wearable tech for more “pleasant,
efficient” shopping experiences -- from pre-store , in-store product and
deal research and comparison, all the way to the checkout
Entertainment
Social Media
Gaming
11) If Wearable potential is realized, these 6 Industries are poised to capitalize
If your business is in
one of the following six
industries PwC says it’s
best poised to take
advantage of the
Wearable trend, it’s high
time you should give
Wearable the due
respect it deserves in
your Strategy for
current Fiscal Year
‱More Wearables screens gives more scope to the marketers
‱More Customized , Targeted and Engaging Advertisement
‱Help health-conscious people monitor everything from
calories consumed and burned to steps taken to sleep
‱76 percent says they’d like to use wearable tech for more “pleasant,
efficient” shopping experiences -- from pre-store , in-store product and
deal research and comparison, all the way to the checkout
Advertising
Health
Retail
If Wearable potential is realized, these 6 Industries are poised to capitalize
12) Future of Wearable Technology
Future of Wearables
8/27/2015
19
‱ Long Distance
Togetherness
‱ Data Streamed Care
‱ Emotional Mirror
‱ Biometrically Attuned
‱ Responsive Coaching
‱ Bespoke Biotech
‱ Augmented
Sensory
Perception
‱ Authenticated
‱ Self On-Board
Interface
‱ Cloud Memory
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
2014 2015 2016 2017 2018
Wearable Technology Market-Worldwide
Share of Unit Shipments(Percent)
Smart Glasses Smart Watches Fitness & Activity Trackers Heart Rate Monitors
Future of Wearable Technology
CONNECTED
INTIMACY
(Person to
Person)
TAILORED
ECOSYSTEM
(Person to
Computer)
THE FUTURE
OF
WEARABLE
TECH
CO-EVOLVED
POSSIBILITIES
(Person as
Computer)
Thank You
E-mail: Business@happiestminds.com
Visit us: www.happiestminds.com
About The Author

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Wearable Technology Barometer

  • 2. about wearable technology we can’t afford to miss12Things A Quick Overview
  • 3. 1) Wearable forms an integral part of IoT Ecosystem, making SENSEout of the Ecosystem Leverage sensors Attached tothings SENSING EFFICIENT Adds Intelligence tomanual process EFFICIENTNETWORKED Connects objectsto thenetwork SPECIALIZED Customizes Technology& processto specificverticals Deployed pervasively EVERY WHERE Wearable are amalgamation of one or more sensors empowered with computational capabilities, which captures and analyzes user’s data and has a capability to connect to the internet, enabling communication between a network and a device. Wearable technologies present a significant opportunity for businesses, both in terms of new markets and data collection. This is how Wearable makes SENSE out of the IoT Ecosystem. Services
  • 4. A person with a heart monitor implant, a farm animal with a biochip transponder Any other natural or man-made object that can be assigned an IP address An automobile that has built-in sensors to alert the driver when tire pressure is low Wearable Technologies : Integrated part of IoT The “thing” can be
  • 5. 2) IoT Ecosystem & Trends Privacy Concerns, Insufficient Authentication /Authorization, Transport Encryption, Web Interface, Insecure Software Security Services Platforms ‱ Device, network & application enablement Analytics/Social Business Applications Connectivity Intelligent Systems Internet of Things
  • 6. 3) Value Chain Network & Key Player analysis Medicine & Healthcare Infotainment Sports & Fitness Clothing & Lifestyle Gaming Industry Verticals Key Players Sensors/ Chips/Processors Gateway/ Device Manufacturers Connectivity Providers Enabler/Aggregator/ Cloud Services Solution ProvidersModule Providers Application Provider System Integrator Authentication /Testing & Certifications Advance Intelligence SolutionsData Security Regulatory Bodies & Government
  • 7. User centric Small, durable, energy efficient& cost effective Aesthetic appeal of trendy fashions Must be Integrated Into the users daily life 4) How Wearable is different from other verticals of IoT and the next Big Thing!! Hands free , less distraction Always on Environment AwareConnected .Voice/Gesture Control Less distracting while receiving alerts Low power consumption Instant Wake Background Sensing GPS Microphone Camera Accelerometer Compass Other sensors Development Platform 3rd Party Apps Accessories API partners
  • 8. A hefty 52 % of people recently polled said they're aware of wearable technology devices 29% of wearables owners make over $100,000 per year The Wearable Technology market was valued to be $6.3 Million in 2010, $5.1 Billion in 2014 and by 2018 is predicted to surpass $12.6 Billion (Head Tech) Today, wearable technology is a $700 million industry in the form of sports And activity trackers 71% Of Americans say the wearable technology has improved their health (Rackspace) 61% of all devices in the wearable tech market are activity or fitness trackers (ABI Research) Google glass adoption will climb sharply to 21 million units sold in annual sales by year-end 2018 5) Wearable Technology : Why now???
  • 9. Internet Boom: More & more people connected online Cheap sensors: 60% 60% price in last 10 year Cheap Bandwidth: in cost by a factor of 40X approx. Cheap processing: in cost by a factor of 60X approx. Smartphones: Serving as remote control for connecting devices Ubiquitous wireless coverage: available for free / at low cost Big Data: Analysis of voluminous amounts of unstructured data IPv6: 32-bit address, translates to about 4.3 billion address Wearable Technology : Why now???
  • 10. Consumer (65% ) 2014 || $ 9.2 Billion $ 30.2Billion Wearable Market General Consumer (42%) Fitness and Sports (40%) Gaming and Rec (10%) Home Automation (5%) Fashion and Apparel (2%) Non – Consumer ( 35%) Consumer applications are the largest component of the overall market. BCC Research published the most comprehensive study on the topic, projecting the market to grow from $6 billion in 2014 to $22.1 billion in 2018. The non-consumer market accounts for the rest: $3.2 billion in 2014 and $8.1 billion in 2018 Healthcare (34%) Defense & Security (31%) Enterprise and Industry (34%) Applications Applications 2018 || 6) Market Segmentation of Wearable
  • 11. 8/27/2015 11 Adoption Rate in North America : 45% Dominates the market  Technological advancements Adoption Rate in ROW (Rest of the World): 5% Expected to witness growth  Increased demand of wearable technology in Middle East and Latin American regions Adoption Rate in Europe : 23% Exhibit growth potential  Germany and the U.K. dominate the market Adoption Rate in Asia Pacific: 27% Fastest growing region  Technological advancements in APAC region  Low production cost in India and China 7) Adoption rate Geographically
  • 12. Market size by application 8) Market Segment of Wearable
  • 13. Major Challenges 9) Major Challenges in Wearable Eco-System
  • 14. Standards Compliance , correct estimation of size , weight and display of product Product Weight a big challenge . Reaching the right End User Market demands for intelligent ,durable , water-proof products Dearth of Knowledgeable and experienced resources Fragmented Ecosystem Availability of products at affordable price points Development cost of application is very high Wearables knowledge good in Fitness and Health Segment. Other domains are void regarding the resources Power Consumption , size and weight of device High Competition in a Fragmented Market Challenges for Component providers Challenges for Product Providers Data Security , Application Integration Challenges for Wearable Application Providers Big Challenges to build Cross-Platform Application and interconnect device Immature and fragmented market , lack of standards Frequent Application upgrades , Integration between Apps and Sensors 9) Major Challenges in Wearable Eco-System
  • 15. 10) Wearable Opportunity and Market Perspective 80 % are interested in buying fitness monitors; 76 % percent are interested in smart watches; 74 % percent are Internet-enabled glasses. Across all countries consumers are generally excited about the following: 46 % percent think smartwatches are of value; 42 % percent Internet-connected glasses. According to a survey conducted in October and November 2013, across six major countries: Australia, Canada, India, South Africa, the United Kingdom, and the United States , there were few major Highlights ( Source : WearableTechWorld ) Among the six countries surveyed, very interestingly consumers in India were most interested in wearable technology:
  • 16. If your business is in one of the following six industries PwC says it’s best poised to take advantage of the Wearable trend, it’s high time you should give Wearable the due respect it deserves in your Strategy for current Fiscal Year ‱73 percent expect wearable technology to make media and entertainment experiences “more immersive and fun.” ‱They’re not looking to wearables “to create new genres of communication and entertainment--but rather to improve those already in existence,” according to the report. ‱Help health-conscious people monitor everything from calories consumed and burned to steps taken to sleep ‱76 percent says they’d like to use wearable tech for more “pleasant, efficient” shopping experiences -- from pre-store , in-store product and deal research and comparison, all the way to the checkout Entertainment Social Media Gaming 11) If Wearable potential is realized, these 6 Industries are poised to capitalize
  • 17. If your business is in one of the following six industries PwC says it’s best poised to take advantage of the Wearable trend, it’s high time you should give Wearable the due respect it deserves in your Strategy for current Fiscal Year ‱More Wearables screens gives more scope to the marketers ‱More Customized , Targeted and Engaging Advertisement ‱Help health-conscious people monitor everything from calories consumed and burned to steps taken to sleep ‱76 percent says they’d like to use wearable tech for more “pleasant, efficient” shopping experiences -- from pre-store , in-store product and deal research and comparison, all the way to the checkout Advertising Health Retail If Wearable potential is realized, these 6 Industries are poised to capitalize
  • 18. 12) Future of Wearable Technology Future of Wearables
  • 19. 8/27/2015 19 ‱ Long Distance Togetherness ‱ Data Streamed Care ‱ Emotional Mirror ‱ Biometrically Attuned ‱ Responsive Coaching ‱ Bespoke Biotech ‱ Augmented Sensory Perception ‱ Authenticated ‱ Self On-Board Interface ‱ Cloud Memory 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 2014 2015 2016 2017 2018 Wearable Technology Market-Worldwide Share of Unit Shipments(Percent) Smart Glasses Smart Watches Fitness & Activity Trackers Heart Rate Monitors Future of Wearable Technology CONNECTED INTIMACY (Person to Person) TAILORED ECOSYSTEM (Person to Computer) THE FUTURE OF WEARABLE TECH CO-EVOLVED POSSIBILITIES (Person as Computer)
  • 20. Thank You E-mail: Business@happiestminds.com Visit us: www.happiestminds.com About The Author