{"id":2074,"date":"2015-03-17T14:22:53","date_gmt":"2015-03-17T14:22:53","guid":{"rendered":"https:\/\/www.happiestminds.com\/blogs\/?p=2074"},"modified":"2024-04-10T09:40:56","modified_gmt":"2024-04-10T09:40:56","slug":"6-aspects-of-the-wearable-industry-you-need-to-know-a-detailed-analysis-part-1","status":"publish","type":"post","link":"https:\/\/www.happiestminds.com\/blogs\/6-aspects-of-the-wearable-industry-you-need-to-know-a-detailed-analysis-part-1\/","title":{"rendered":"6 aspects of the Wearable industry you need to know &#8211; a detailed analysis (Part 1)"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><script src=\"https:\/\/www.happiestminds.com\/lytebox\/lytebox.js\"><\/script><\/p>\n<div style=\"padding: 10px;\">\n<p>Wearables is taking the world by a storm. While the likes of Apple and Google being forerunners in this domain, almost every player is trying to catch up with this leading trend. And there is massive potential in the market for innovation and growth. So here are a few aspects that you need to be in the know-how of, when it comes to wearables.<\/p>\n<h3>1) Wearables make &#8220;SENSE&#8221; out of the IoT Ecosystem<\/h3>\n<p>Wearables are amalgamation of one or more sensors empowered with computational capabilities, which capture and analyze user&#8217;s data and has the 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 wearables make &#8220;SENSE&#8221; out of the <a title=\"IoT\" href=\"https:\/\/www.happiestminds.com\/services\/internet-of-things\/\" target=\"_blank\" rel=\"noopener\">IoT<\/a> Ecosystem.<\/p>\n<p style=\"width: 46%; margin: 0 auto; display: block;\"><a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/iot-ecosystem-.png\" rel=\"lyteshow[vacation]\"><img decoding=\"async\" class=\"aligncenter size-medium wp-image-2075\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/iot-ecosystem--300x100.png\" alt=\"iot-ecosystem-\" width=\"300\" height=\"100\" \/><\/a><\/p>\n<p><span class=\"magifier_img\"><br \/>\n<a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/iot-ecosystem-.png\" rel=\"lyteshow[vacation]\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2116\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/zoom_icon.png\" alt=\"zoom_icon\" width=\"36\" height=\"30\" \/><\/a><br \/>\n<\/span><\/p>\n<h4>Some Examples of Wearable Devices<\/h4>\n<p style=\"width: 46%; margin: 0 auto; display: block;\"><a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/wearable-industry-diagram.png\" rel=\"lyteshow[vacation]\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2076\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/wearable-industry-diagram-300x192.png\" alt=\"wearable-industry-diagram\" width=\"300\" height=\"192\" \/><\/a><\/p>\n<p><span class=\"magifier_img1\"><br \/>\n<a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/wearable-industry-diagram.png\" rel=\"lyteshow[vacation]\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2116\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/zoom_icon.png\" alt=\"zoom_icon\" width=\"36\" height=\"30\" \/><\/a><br \/>\n<\/span><\/p>\n<h3 style=\"margin-top: 44px;\">2) This is what differentiates Wearables from other verticals of <a title=\"IoT\" href=\"https:\/\/www.happiestminds.com\/services\/internet-of-things\/\" target=\"_blank\" rel=\"noopener\">IoT<\/a> and the next Big Thing<\/h3>\n<p style=\"width: 42%; margin: 0 auto; display: block;\"><a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/pop_up_image.jpg\" rel=\"lyteshow[vacation]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2103\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/diagram-1-216x300.png\" alt=\"diagram-1\" width=\"216\" height=\"300\" \/><\/a><\/p>\n<p><span class=\"magifier_img\"><br \/>\n<a class=\"aligncenter size-large wp-image-2103\" title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/pop_up_image.jpg\" rel=\"lyteshow[vacation]\"> <img decoding=\"async\" class=\"aligncenter size-full wp-image-2116\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/zoom_icon.png\" alt=\"zoom_icon\" width=\"36\" height=\"30\" \/><\/a><br \/>\n<\/span><\/p>\n<h3>3) Market Segmentation of Wearables<\/h3>\n<p>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.<\/p>\n<p style=\"width: 46%; margin: 0 auto; display: block;\"><a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/wearable-industry-diagram3.png\" rel=\"lyteshow[vacation]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2078\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/wearable-industry-diagram3-264x300.png\" alt=\"wearable-industry-diagram3\" width=\"264\" height=\"300\" \/><\/a><\/p>\n<p><span class=\"magifier_img2\"><br \/>\n<a title=\"\" href=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/4-e1426604631931.png\" rel=\"lyteshow[vacation]\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2116\" src=\"https:\/\/www.happiestminds.com\/blogs\/wp-content\/uploads\/2015\/03\/zoom_icon.png\" alt=\"zoom_icon\" width=\"36\" height=\"30\" \/><\/a><br \/>\n<\/span><\/p>\n<\/div>\n<div class=\"pld-like-dislike-wrap pld-template-2\">\r\n    <div class=\"pld-like-wrap  pld-common-wrap\">\r\n    <a href=\"javascript:void(0)\" class=\"pld-like-trigger pld-like-dislike-trigger  \" title=\"Like\" data-post-id=\"2074\" data-trigger-type=\"like\" data-restriction=\"cookie\" data-already-liked=\"0\">\r\n                        <i class=\"fas fa-heart\"><\/i>\r\n                <\/a>\r\n    <span class=\"pld-like-count-wrap pld-count-wrap\">0    <\/span>\r\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Wearables is taking the world by a storm. While the likes of Apple and Google being forerunners in this domain, almost every player is trying to catch up with this leading trend. And there is massive potential in the market for innovation and growth. So here are a few aspects that you need to be [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":1168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[865,233,1058,1203,1210,1287,1688],"class_list":["post-2074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wearables","tag-consumer-applications","tag-digital-transformation","tag-examples-of-wearable-devices","tag-iot-and-the-next-big-thing","tag-iot-ecosystem","tag-market-segmentation-of-wearables","tag-wearables"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/posts\/2074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/comments?post=2074"}],"version-history":[{"count":1,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/posts\/2074\/revisions"}],"predecessor-version":[{"id":12244,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/posts\/2074\/revisions\/12244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/media\/1168"}],"wp:attachment":[{"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/media?parent=2074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/categories?post=2074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.happiestminds.com\/blogs\/wp-json\/wp\/v2\/tags?post=2074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}