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The Best Way to Invest Money in Wearable Tech

Wearable tech may be the next big thing, but that has yet to be proved. Despite all the media attention and the hype that the Internet is moving beyond phones and into wearable tech, no company has achieved major success in the category. That’s about to change, however, as a technology giant that can, at least at the moment, do no wrong has just entered the field. Apple may not validate wearables as an industry, but it’s almost certainly going to make its Apple Watch a serious player.

Up until now, growth in wearables has been persistent but relatively slow. That’s going to change in 2015, according to the International Data Corporation’s Quarterly Wearable Device Tracker. The reports forecasts that “vendors will ship a total of 45.7 million units in 2015, up a strong 133.4% from the 19.6 million units shipped in 2014.”

By 2019, IDC predicts that total shipment volumes will reach 126.1 million units, resulting in a five-year compound annual growth rate of 45.1%. Leading that growth will be what the research firm defines as “smart wearables,” devices that can run third-party applications, the category in which Apple Watch fits.

(Via The Motley Fool)

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