future of wearable devices 2016
TRANSCRIPT
Disruptive wearable trends for 2016 and beyond
Tables of Contents2
History of WearablesWhat is a Wearable?Applications Tracking Physical ActivitiesDisease Management ToolsBenefit of WearablesHow Wearables WorkThe Wearables MarketWearables CompetitorsEmployer Groups and MedicaidNew Technology Posed to be DisruptiveFuture of Wearables
History of Wearables3
What is a Wearable?
Wearable smart devices are accessories that consist of embedded computers and advanced technologies, often displaying content or
connecting to smart phones to display or track collected data.
What is a Wearable?Types of Wearables: Clothing, watches, glasses and fitness bands
Most contain sensors to gather information ranging from location via GPS, temperature and motion, to brain waves, heart rate and tension in muscles
Additional Features
5
Networking connectivity via Wi-
Fi, Bluetooth, NFC or BLE
Power source, actuators, conductivetextiles and
microcontrollers
Special software or applications,
connecting to your phone, tablet or
computer
Many offer data analytics, goal
setting features and more
Applications Tracking Physical Activities
TRACKING
Activity Tracking
Sleep Monitoring
Heart Rate Monitoring
Augmenting Nutrition Plans
Coaching
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USED BYProfessional/Collegiate
AthletesTeam Training
Weight-loss MarketEmployer Wellness
ProgramsIndividuals
Disease Management Tools7
Benefit of Wearables
May expand life expectancy by 10 years
Increased employees’ and businesses’ productivity
Eases living with chronic diseases like diabetes, heart disease etc.
Increases productivity and efficiency in the hospital
8
How Wearables Work9
Voice and gesture control
Low power useInstant wakeBackground working
GPS, Compass,Accelerometer,Other sensors
WiFiBlue Tooth and NFC
Less distracting alerts, reminders and
messages
3rd Party Apps, API partners, accessories
The Wearables Market
The increasing use of and dependence on smart mobile phone or devices, increases the customer pool for App-integrated wearables
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182 Million or 75%
1.75 Billion
150 times
per day
51%
Americans own a smart phone
Worldwide projected smart phone users
Average person reaches for phone
Increase in time spent in health and fitness apps
The Wearables Market11
of consumers are aware of wearable technology
70%
Already use wearable devices today
15%
By 2015, 485 million wearable devices will be shipped per year
Wearables Market
$50K - $99,999, 35%
$49,999 OR LESS, 28%$100K - $149,999, 17%
BYHOUSEHOLD
INCOME
$150K+, 16%DECLINED TO ANSWER, 4%
Age 25 – 34, 40%
Age 35 – 44, 22%Age 45 – 54, 17%
BY AGE
Age 55+, 12%Age 18 – 24, 9%
51.7% 48.3%
Current Wearable Usage
Wearables MarketConsumers’ Limiting Factors
72% wished wearables were less expensive
62% desired other form factors
53% want products that look more like jewelry
Individuals who do not use a device, would be willing to use one…
48% If their provider gave them a no-cost tracker
46% If given a device by an insurer
57% If it saved them money on their health insurance premiums
44% If it helped their physician offer better health advice
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Wearables Competitors14
Google GlassApple Smartwatch Microsoft Band
Samsung Gear VRGarmin Vivosmart
Fitbit Products
RunnerCardio
Jawbone Up
iHealthPebble Watch
Employer Groups and Medicaid
Jawbone recently launched “Up for Groups”. The service enables companies to buy Jawbone health wearables in bulk and access software to track the health of their employees.
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Jawbone Up FitBit Wellness
Fitbit has the biggest portion of the market. They started selling their health wearables to employers in 2010. Wellness programs include wearables in bulk, individual and group tracking for employees.
Most likely wearables to be used for employee wellness programs
New Technology Posed to be Disruptive16
With so many competing wearable devicesprice will be deciding factor in the future
To maintain their positionprices will drop considerably
Apple smartwatches will be able tohold their price point longer
Many consumers are looking for aesthetics the Apple smartwatch is more stylish
than most bracelets
The Apple smartwatch is expected to take off in the first half of 2015
Estimating 15 million smartwatches in first year
Future of Wearables17
The
“Qua
ntifi
ed”
Self
$2 Billion
$41 Billion
Market by 2020Market Today
Mar
ket S
ize
Honored to meet you Akingbade(Akin) co-founder of largest
professional database of African professionals “PANLinked.com”
Partner with African Union on Capacity Building
Mentor to many start-ups Mentor and professional in Content
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Manager with Big 4 “Ernst & Young” Co-Author many articles Author of Poetry book “Lord, I have a
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works) Contact me [email protected]