Over the last few years, wearables have gained in popularity and are now used by millions of people around the world on a daily basis.
The term “wearable technology” is defined as “electronic technologies or computers that are incorporated into items of clothing and accessories which can comfortably be worn on the body.” Smartwatches, eyewear, fitness bands, smart clothing, earbuds, and rings all make up this burgeoning industry.
Vancouver-based Vandrico Solution and Deloitte have partnered to create a Wearable Technology Database with a goal of compiling a list of all “wearable products.” The database currently includes 442 devices from 306 companies, with specific categories in the head, neck, torso, chest, arm, wrist, hand, legs, and feet categories. The goal is to grow the database to 700 products by the end of 2016.
“Industries all over the world are now adopting wearables as a way to keep employees safe on the job,” said Gonzalo Tudela, CEO of Vandrico Solutions, in a statement sent to MobileSyrup.
According to Gartner Research, the wearable space will generate revenues over $28 billion in 2016, representing an increase of 18.4 percent year-over-year.