10 Unbelievable Facts about Wearables Technology

        2016 is called as the “Year of the Wearable,” thus showing a blast of new wearable products, massive electronic companies compete with younger, crowd-funded start-ups and a very quick industry development compared to past decades. It is sure about it – wearable technologies are the long run. We're getting more and more acquainted with the idea of wearables technology; from fitness trackers and smart watches via Google Glass. But do you know how many of the wearables companies are really worth? Or which age group is adopting wearables the most? Here are 10 important information about the very much growing wearable technical industry.

1. Today, wearable technologies are a $3billion industry in the form of activity and fitness trackers. Most wearables customers are younger, with 48 % are in the age group of 18 and 34. Men, as well as women, are equally likely to use wearables. 29 % of wearables entrepreneurs make around $100,000 annually.

2. First customers of Google Glass were performing a lot of Web surfing. And even though it creates a little part of total Web traffic, surfing has grown 135% in the last year, which is higher than the development seen in the mobile (38%) and computer (39%) groups.

3. Wearable technological innovation presents significant advantages for job fulfillment and efficiency. Wearables have been proven to enhance efficiency amongst workers by up to 8.5%, even a small improvement can be beneficial for higher productivity.

4. Google Glass will go up considerably to 21 million models bought in yearly sales by the end of 2018. At $500 per product, it is a 10.5 billion dollars yearly industry opportunity.

5. Now the Watches are becoming smarter. But it looks like; the buyers still require some convincing facts to adopt smart watches, with only 23% would like to buy one. The issues in the first creation of smart watches still made it difficult to recognize exactly where they're likely to match into the marketplace.

6. In 2013, Jawbone UPs, Nike Fuel Bands, and Fitbits paid for 97% of all smart phone-enabled fitness devices marketed via major e-commerce sites and stores.

7. During Jan 2013 and Jan 2014, Fitbit’s gadgets sold 68% of gadgets; Jawbone UP sold 19% of the gadgets; and for Nike Fuel Band, it was 10%. All other trackers together sold 3% of devices.

8. People are becoming more conscious about wearable technology. In the latest study, 52% of people mentioned that they are conscious about wearables, and about 33% stated that they would like to buy wearable in the nearby future.

9.55% of people believe that wearable devices are costly to buy while 24% think that they already have a lot of gadgets which have the features offered by wearables.

10. One among six (around 15%) people presently making use of wearable devices like smart watches and best activity trackers, in their everyday life.