Recent estimates suggested devices like Google Glass and Apple’s upcoming “iWatch” could be the start of a wearable tech explosion that generates as much as $6 billion annually by 2016. According to newly published research from Credit Suisse, however, that estimate is ridiculously low. In a research note picked up by Business Insider, Credit Suisse analysts predict that the wearable technology market will balloon from the current $3 billion to $5 billion range to a whopping $30 billion to $50 billion in the next two to three years. The firm believes Apple’s upcoming iWatch will generate $10 billion annually on its own, and the growing health and fitness market will play a key role as well.
Apple and Google to lead charge as wearable tech becomes $30-$50 billion market
Published May 21st, 2013 7:50AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
