The Public’s Mixed Reception to Wearable Tech
The latest survey on wearable technology reveals a divided public. While a significant portion of the population remains indifferent, there’s a growing interest among those with higher incomes.
The Rise of Wearable Technology: A Fad or Future Giant? Wearable technology has been a topic of much debate in recent years. While some view it as a fleeting trend, others see it as a revolutionary shift in how we interact with our devices. Here, we delve into the current state of wearable tech, its market potential, and the reasons behind its divided perception. * 49% of people believe wearable tech is just a fad
- Market expected to reach 64 million units by 2017
- Revenue for wearable tech reached $1.4 billion in 2013
- Market projected to grow to $19 billion by 2018
The Current State of Wearable Tech
Despite its potential, wearable technology has not yet reached mainstream adoption. In fact, nearly half of the population (49%) still sees it as a passing trend. This skepticism is largely due to the high cost of these devices and the lack of clear, tangible benefits.