Wearable technology market size will increase to US $ 19 billion in 2018

According to foreign media reports, according to the latest statistics from market research company Juniper Research, the wearable technology market will usher in an explosive growth period in the next few years, and the size of this market is expected to increase to $ 19 billion in 2018.

Juniper Research predicted on Tuesday that global spending on wearable technology will reach $ 1.4 billion this year. It is expected to increase to USD 19 billion by 2018. Juniper Research analyst Nitin Bhas said in a statement that the reason why this market will grow rapidly is mainly because consumers' awareness of wearable technology will become higher and higher.

The increase in consumer awareness of wearable technology is largely due to media reports that Apple may release a smart watch, and Samsung has launched its smart watch Samsung Galaxy Gear. In addition, Google Glass developed by Google is also a wearable technology product.

The market growth is of course beneficial to manufacturers, but according to Juniper, the relevant application developers will also benefit from it. Juniper said: "Application developers will also usher in an important wave of opportunities, which may be mainly concentrated in the medical, fitness, sports and communications fields."

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