Computing Community Consortium Blog

The goal of the Computing Community Consortium (CCC) is to catalyze the computing research community to debate longer range, more audacious research challenges; to build consensus around research visions; to evolve the most promising visions toward clearly defined initiatives; and to work with the funding organizations to move challenges and visions toward funding initiatives. The purpose of this blog is to provide a more immediate, online mechanism for dissemination of visioning concepts and community discussion/debate about them.

$30 Billion Market for Wearable Computing Devices Projected by 2018

February 28th, 2014 / in Uncategorized / by Shar Steed

Screen Shot 2013-04-26 at 11.54.46 AMComputing is at the heart of one up-and-coming cultural trend – wearable technology. This emerging market is enabled by advances in computing, and it’s positioned to become a multi-billion dollar market in the near future. A report from BBC Research, Wearable Computing: Technologies, Applications, and Global Markets, projects the global market for wearable computing devices to grow to $30.2 billion by 2018. The consumer market is the fastest moving segment.

Wearable computing encompasses everything from smart watches, activity monitors, to devices in clothing and accessories. The smart watch product category is projected to account for the largest single consumer market, generating more than $12.5 billion in global annual revenues in 2018.

From the BBC Press Release:

“Key for the future widespread adoption of smart watches in consumer markets will be for products to leverage the single unique advantage of smart watches over smart phones,” said BCC Research information technology analyst Adam Weigold. “In other words, products must target consumer applications where it is a distinct advantage for a smart device to be permanently worn to prevent it from being misplaced, lost, or stolen. Hence, applications such as remote location of personal items, home automation and mobile payment processing could be “killer apps” for the smart watch.”

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$30 Billion Market for Wearable Computing Devices Projected by 2018

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