Credit Suisse semiconductor analysts John Pitzer, Kulbinder Garcha, Christian Buss, and Stephen Ju cited in a report that wearable technology, such as smart watches, and other accessories, is the next big thing.

Wearable tech is already a $3- to $5 billion market today. In the next two to three years, they projected, it could rise to $30- to $50 billion.

The reports highlights that smartphones are combined with wearables and act as the “hub” through which various technologies interconnect.

Furthermore, research firm ON World released new data from its mobile health and wellness sensor reports, which predicts that in 2017, 515 million sensors for wearable, implantable or mobile health and fitness devices will be shipped globally, up from 107 million in 2012.

Source, Business Insider Thanks To Apple And Google, Wearable Technology Is On Track To Become A $50 Billion Market
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