Global sales of wearable fitness devices, apps to rise

Global sales of wearable fitness devices, apps to rise
Sunday, January 5, 2014
CNA

TAIPEI–Worldwide revenues from wearable electronic devices, applications and services for fitness and personal health are expected to reach US$1.6 billion in 2014, due to increased adoption of the new technology, according to Gartner Inc.

Sales will jump to US$5 billion by 2016, Angela McIntyre, a research director at Gartner, predicted in a research note Friday, noting that wearable electronics have their strongest consumer base among fitness enthusiasts, while wider consumer interest in these devices is leading to broader adoption.

“Wearable electronics provide new motivation to consumers for improving fitness and health,” McIntyre said.

“Wearables support the ‘quantified self’ trend of people tracking their vital signs, activities, and capturing images of what they experience during the day,” she explained.

At the upcoming annual International Consumer Electronics Show in Las Vegas next week, McIntyre said there will be more new innovations in this field on display.

Digital health and fitness will be one of the hottest segments at the event, with 40 percent of exhibition floor space being expanded for digital health/fitness exhibitors, she added.

About bambooinnovator
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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