In this infographic, Visual Capitalist collaborated with Vandrico Inc., a leading Vancouver consultant with a focus on wearable technology.
Wearable technology has been around in some form since the 17th century. However, it is only in the last five years, with the miniaturization of technology that it has started to emerge as a game changer for consumers and business.
Credit Suisse expects the total available market for wearable tech will grow to $30-50 billion over the next 3-5 years. Corporations are in a unique position to take advantage of wearable technology: it can increase productivity, reduce costs, and improve employment practices.