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Article: Wearable computers: the new fashion-ware for the future; prices still scare some away, but early adopters love the productivity gains and quick ROI. (Front runners: news).(Industry Overview)
- Article from:
- Frontline Solutions
- Article date:
- December 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Advanstar Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Falling prices for core computing components, rapid advancement in speech recognition technology and head-worn display products are fueling a phenomenal growth in the wearable computer market.
Indeed, by 2006, Venture Development Corp. (VDC), Natick, Mass. expects worldwide shipments of wearable computers to increase eightfold to $563 million from 2001's sales level of $70 million. That's a compound annual growth rate (CAGR) of 51% that could accelerate even faster as the technology advances continue and consumers embrace these "fashionable" productivity tools.
Another impetus for sales: the ability of wearable computers to produce cost savings and ...