The wearable innovation market is readied to increase quickly in the next several years, baseding on new data from Juniper Research.

The study law firm on Tuesday projection that worldwide investing on wearable modern technology will strike $1.4 billion this year. By 2018, that figure will hit $19 billion. The rise schedules in huge component to ‘enhanced consumer awareness of wearable technology,’ Juniper Research study’s Nitin Bhas said in a statement.

That enhanced understanding has actually led to large component from records that Apple could possibly be preparing to launch a new smartwatch as well as from the actual launching of the Samsung Galaxy Equipment watch. Furthermore, Google Glass, the search titan’s wearable eyewear, has actually urged some to think about exactly how they may use wearable modern technology to increase their productivity.

The market’s development will certainly obviously be an advantage for gadget makers, but according to Juniper, designers might profit as well.

‘Significant opportunities will certainly occur for app designers – throughout the health, physical fitness, sporting activities as well as communication sections,’ the business said.

  • Wearable tech market to explode, revenue to hit $19 billion by 2018, wearables