5G, NB-IoT and LTE Direct to drive wearables technology
Although wearable technology has been consumed in vertical sectors such as healthcare industries and military for many years now, new advancements have made it popular amongst the masses. From devices and apps that help you track food consumption and heart rate details to gadgets that monitor your mood and even surrounding air, is a reality for the everyday person.
The impact of 5G, NB-IoT and LTE Direct on wearable technology market is expected to further drive the competitive landscape.
The leading smartphone OEMs, Apple and Samsung, are replicating their success in the OS powered smart watch arena with a combined market share of nearly 75%. The research estimates that wearable devices will help mobile operators drive over $13 Billion in service revenue by the end of 2020, following a CAGR of nearly 32% between 2016 and 2020.
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