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Disruptive wearable trends for 2016 and beyond

Future of wearable devices 2016

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Page 1: Future of wearable devices 2016

Disruptive wearable trends for 2016 and beyond

Page 2: Future of wearable devices 2016

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

Page 3: Future of wearable devices 2016

History of Wearables3

Page 4: Future of wearable devices 2016

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.

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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

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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

Page 6: Future of wearable devices 2016

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

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Disease Management Tools7

Page 8: Future of wearable devices 2016

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

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Page 9: Future of wearable devices 2016

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

Page 10: Future of wearable devices 2016

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

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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

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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

Page 13: Future of wearable devices 2016

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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Page 14: Future of wearable devices 2016

Wearables Competitors14

Google GlassApple Smartwatch Microsoft Band

Samsung Gear VRGarmin Vivosmart

Fitbit Products

RunnerCardio

Jawbone Up

iHealthPebble Watch

Page 15: Future of wearable devices 2016

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

Page 16: Future of wearable devices 2016

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

Page 17: Future of wearable devices 2016

Future of Wearables17

The

“Qua

ntifi

ed”

Self

$2 Billion

$41 Billion

Market by 2020Market Today

Mar

ket S

ize

Page 18: Future of wearable devices 2016

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

management strategy Served over 70+ “Fortune 500” as a

Manager with Big 4 “Ernst & Young” Co-Author many articles Author of Poetry book “Lord, I have a

question” Author of “Think it Build it” (In

works) Contact me [email protected]