Global retail revenue from smart wearable devices will triple in volume by 2016 before eventually reaching $53.2 billion in sales by 2019, according to Juniper Research. The findings were published in a new report, “Smart Wearable Devices: Fitness, Glasses, Watches, Multimedia, Clothing, Jewelry, Healthcare & Enterprise 2014-2019.”
The report maintains that the recent entry of key industry players within the wearables sector -- such as Apple, which introduced its Apple Watch on Tuesday -- is part of a process that will