Boomtime for Wearable Tech

Unless you have been hiding out on a desert island for the last year, then you will unlikely be surprised by news of the growth in wearable technology. The scale of the growth, up 40% from Q3 2013 according to the latest quarterly research from Futuresource Consulting, however might raise an eyebrow.

Total global shipments for Q3 totalled 12.7million units, with the dominant category being fitness related watches / wristbands connected to smartphones.

"We expect connected watches - incorporating smartwatches and wireless watches - to experience extremely strong growth over the forecast period, reaching 83 million unit shipments in total by 2018," says Oliver Rowntree, Market Analyst at Futuresource Consulting.

One thing that suprised us reading the reseach, is the lack of any mention of payments. Perhaps it's a case of watch this space?

Read the full article on the Future Source Consulting site