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Study: 2015 To Be a Breakout Year for Wearable Technology

Technology isn’t just for handheld devices anymore. The results of a recent study by Forrester Research indicates that 2015 is expected to be a breakout year for wearable technology, as the category’s innovations become more and more appealing to consumers. The report revealed that the number of people using a wearable computer will nearly triple in 2015, bolstered by the anticipated arrival of Apple Watch, which is projected to draw 10 million users next year.

And American consumers are leading the charge. According to a poll that studied thousands of U.S. and European consumers, 45 percent of Americans would wear a computer as opposed to the 32 percent of Europeans that said they would.

The report’s author J.P. Gownder said, “The wearable market will take off as brands, retailers, sports stadiums, healthcare companies, and others develop new business models to take advantage of wearables,” Reuters reported.

While a notable consumer interest is prevalent, the report found that there is a higher demand from businesses hoping to supply employees with the new body gadgetry. More than two-thirds, or 68 percent of business decision-makers surveyed said wearing technology for their business was now a priority. Researchers said to watch for wearables that monitor the safety of field workers, including smartwatches that are aware of the location to help managers assign shift workers in real-time and photo devices that enhance the human insights of technological inspectors.

The latest intel on wearable technology falls in line with a report by Morgan Stanley published last month, which said the category could top one billion devices by 2020, with growth occurring faster than the breakout of smartphones and tablets.