Smartwatches, earbuds, and other wearable technologies are set to transform our workplaces and daily lives, becoming as essential as our mobile phones. The surge in this market over the past decade has been fueled by a growing focus on well-being, the rise of digital lifestyles, and groundbreaking innovations in AI and miniaturization.
The market is dominated by Apple, Xiaomi, Huawei, Samsung, and Imagine Marketing, which together account for more than half of the market share. In addition to intense competition, market players face challenges related to the protection of personal data and ethical issues, the reliability of the data collected, and the development of more compact, autonomous, and long-lasting batteries.
While wearables promise real added value in the healthcare sector and have already changed the way people communicate, entertain themselves, and engage in sports, they could expand their footprint across warehouses, factories, offices, shops, and real estate agencies.
Dive into Micaella Feldstein, Tech & Data Specialist's latest report to explore the prospects, key players, and challenges of the wearable revolution.
