We have
seen many new startups working towards building their innovative wearable
devices taking example of Nest (Google) making smart homes, Fitbit making
activity tracker devices for health& fitness etc. We will see these smart
devices making the enterprise smarter with the use of sensors and digital
transformation. Wearable Medical Devices segment of IOT to reach $4B+ by 2020
and currently it is around $1.5B, so we see huge scope and growth for these
devices in the future and the applications which support these devices are
capable of monitoring glucose levels in blood, managing chronic diseases such
as heart diseases, asthma and diabetes. Wearable technology will create major revenue
source for the enterprise mobility segment in the IT companies.
Reference: Link
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