Wearable device market’s ’18 forecast at US$20 bil.

November 20, 2013 Leave a comment

Wearable device market’s ’18 forecast at US$20 bil.

CNA
November 20, 2013, 12:11 am TWN

TAIPEI–The global wearable device market will see big gains in the coming years due to the growing popularity of the technology, according to a local research institute. The wearable device market will reach US$20.6 billion in 2018, with worldwide shipments totaling 191 million units, the Industrial Economics and Knowledge Center (IEK) under the government sponsored Industrial Technology Research Institute predicted on Monday. “It has been a hot topic since Google Glass came out in 2012,” said Chen Yo-yi, a researcher at the IEK, adding that many technology companies have introduced wearable devices and that consumers have eagerly anticipated the impact such devices can bring. Wearable computing devices will not have a bright future in the consumer market, however, unless an industry standard for the devices’ specifications is created, said Hou Chun-yuan, a senior analyst at the IEK. Hou also said privacy remains a concern prior to the wider adoption of the devices by the public.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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