MASSDEVICE ON CALL — Wearable health and fitness trackers are set to boom over the next 5 years, with an estimated 700 devices to ship worldwide, according to a report from ON World.
The study, based on interviews with consumers, manufacturers, developers and suppliers, suggests that "fashionable devices" with sensing capabilities will create a market worth nearly $50 billion by 2019.
"Hardware will make up the majority of the revenues during this period but monitoring services, mobile apps and subscriptions will grow faster," according to the report. "Consumer wearables markets such as smart watches, smart glasses and personal sensors will surpass sports/fitness in 2014 and make up two-thirds of the revenues in 2018."
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