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Over the past few years, wearable devices have emerged from the fringes of the consumer technology market to become one of the hottest trends today. In the last two years alone, sales of wearable devices have increased from $32 million to $115 million, according to a Statista report released earlier this year.
While these numbers show that the wearables market has grown by nearly 400 percent, the types of products available to consumers have not kept pace. Statista’s research indicates that the same five basic products comprise the market: smart watches, health and fitness trackers, cameras, headsets and smart glasses.
Conditions, however, are ripe for the next evolution in wearable technology.
Wearables require broad-range cellular connectivity to meet the mobility demands of their users. Public Wi-Fi networks only cover a small area around the router, resulting in patchy islands of coverage. 3G isn’t a viable option either, being costly and not meeting the requirements for optimizing the data-consuming function of wearable devices. That’s where 4G LTE comes in.
4G LTE is the only connectivity solution that meets the IoT requirements of extended battery life and high performance to provide an optimal and cost-effective wearable experience. In fact, 4G LTE is poised to outpace 3G globally by 2020, according to Zacks Equity Research, presenting a distinct opportunity for the growth of the wearables market.
Given that 4G LTE infrastructure is laying a sturdy foundation for the future of wearables, where does this arm of the IoT market go from here on out?
Here are just three examples of emerging wearable categories:
Connected devices will improve the quality of human life in ways previously unimaginable, and 4G LTE can provide the support to turn concepts into reality.