That Wearable Technology is increasingly becoming an essential part of our lives is no longer debatable. Wearable technology refers to electronic devices that can be worn on the body and we have witnessed its evolution from the days of the Pulsar “Calculator” wristwatch which allowed you figure out restaurant tips and first Bluetooth headset in 2000; to the Nike+iPod sport bundle that allowed you sync your movements to your iPod and the smart watches which have brought the power of smart phones directly to the wrist.
There are now scores of wearable devices available and notable trend setters in today’s Wearable Technology space include Fitbit which has several wearable devices such as The Fitbit Blaze and Fitbit Alta, to its credit; as well as Samsung, Huawei and Apple.
Limitations Of Wearable Devices
A major limitation of current Wearable devices is the need to pair them with a Smartphone or tablet in order to access their functionality. There’s also the issue of aesthetics and beauty of these devices. Other limitations include:
- Consumers’ perception with respect to their value and the benefits they offer.
- The cost of purchase of most of these devices is still relatively high when compared to alternative devices that perform similar functions.
What The Future Holds For Wearable Technology
The Wearable Technology market is projected to grow to about 162.9 million units by the close of 2020 and the healthcare sector expected to spearhead this growth. This is largely due to an increased interest of consumers in wearable devices like fitness trackers. The desire for more mobility and convenience is increasing among consumers is also expected to fuel demand and by implication, the growth of the Wearable Technology market.
With the pace of advancement in digital technology, it is expected that wearable devices will become smaller, smarter and cheaper.