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If you still think wearable technology is just a trend, think again.

Sales of smartwatches and Fitbit (FIT) health and wellness trackers alone make it simple to see that this market is expanding– and expanding fast.

Case in point: Method Analytics states year-over-year growth of the international smartwatch market ballooned by 457 % from Q2 2014 to Q2 2015. Extremely, the business’s record also revealed that the Apple (AAPL) View currently boasts a tremendous 75.5 % of the smartwatch market, in spite of only being on the marketplace for a couple of months.

And in its second-quarter incomes report, Fitbit disclosed that it sold 4.5 countless its fitness-tracking gadgets over the three-month duration. The typical sale cost jumped from $63 a year ago to $88.

Many heavyweights have actually entered this swiftly growing industry and also are making wearable technology products– Samsung (SSNLF), Nike (NKE), Adidas (ADDYY), Reebok, and GoPro (GRPO) with its hugely popular wearable cameras.

According to IDC, the around the world market for wearables is anticipated to get to 45.7 million devices delivered in 2015 and 126.1 million delivered in 2019. As well as IDTechEx claims the wearables market will certainly climb from $20 billion today to $70 billion by 2025.

Today, I’m visiting profile a promising wearable gadget and software application company that’s attempting to reinvent something that impacts all of us every day …

A Wearable Memory Bank

Did you understand that we human beings can only statistically remember around 0.001 % of our lives?

If that shocks you, and also you wish you might remember a lot more, LifeLogger Technologies (LOGG) has you covered.

Headquartered in Palm Coastline Gardens, Florida, LifeLogger is currently while creating two innovations:

A Real Point-of-View (POV) Wearable Electronic camera: LifeLogger has actually developed, as well as lately prototyped, a real POV wearable cam. The video camera is extremely little (approximately the size of a pack of gum) and also very light-weight. It could be positioned on a helmet, over the ear at eye level, clipped onto an ear, glasses, hat, headband, or armband. It could likewise be put on like a necklace. Have a look below.

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As a stand-alone item, this is a great item of wearable modern technology. Nonetheless, the company kicks it up a notch by integrating the cam with its other technology …

Proprietary Cloud-Based Software Option: The objective with this innovation is to develop “perfectly integrated ecosystem software” that comes with any suitable Android/iOS gadget available.

This software program will enable the customer to do several points that currently typically aren’t readily available via any sort of other software. …

  • Storing, tagging, and getting video clips, photos, and also other personal data.
  • Live streaming from your compatible device.
  • Geographic tags.
  • In-video text tags.
  • Facial recognition with name tagging.
  • Display of video clips in a simple to check out timetable arranged by date.
  • Social sharing.

LifeLogger asserts that advanced functions– including video clip stabilization, in-video optical personality recognition, voice detection, virtual fact from lifelog restoration, as well as more– will be included as the innovations mature.

Together, this software program and also the wearable video camera will certainly offer people a very simple method to tape-record their day-to-day lives and also experiences in detail. That simplicity comes from the fact that the software can be accessed on any type of Android or iOS device.

Got a Bad Memory? Not a problem …

Imagine exactly how considerably more of your life you could bear in mind with this technology.

What was the name of that terrific dining establishment you consumed at in New york city City? LifeLogger will inform you.

You’re going back to a preferred destination from 5 years ago– but exactly how do you reach the hotel and those landmarks once again? LifeLogger will tell you.

Not to state various daily events– sporting activities video games, parties, an evening out with old friends.

As LifeLogger explained in its most recent capitalist discussion, “We are equipping the way you take your day and remember your life!”

Not just do LifeLogger’s items have an advantage in your personal life, they additionally have professional as well as educational uses.

  • Businessmen could record essential meetings.
  • Salesmen could use the modern technology for training objectives, taping communications with clients and reviewing them later in order to enhance sales techniques.
  • Students can quickly maintain succinct documentation of class talks, lab experiments, as well as evaluation sessions.

With such useful modern technology that puts on every person, LifeLogger is one to view in the wearable space, as the firm remains to grow.

Good investing,

Ian Frazer

Wall Street Daily Tech Research