Wearable Fitness Tracker Market to Grow by 50% in 5 years

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Source: http://www.theverge.com

Sport and fitness trackers are expected to grow fairly steadily with the market for such devices worth $2.8 billion by 2019. The install base, which sat at 84 million in 2013, is projected to grow 50% to 120 million people in that time.

This year, IHS Technology is projecting that fitness trackers, such as the Jawbone UP or Fitbit devices, will be worth $2.2 billion, up 22% over last year’s $1.9 billion. One factor that might throw these projections off is the potential growth of smartwatches.

As smartwatches like Samsung’s Gear Fit and Gear 2 are build-in more fitness functionality like pedometers and heart-rate monitors, they have the potential to disrupt the growth of dedicated fitness monitors. However, IHS predicts that dedicated athletes will move towards GPS-based devices made by companies like Garmin thanks to the more comprehensive data they can provide.

This blog post was written by Joseph Keller and first published on Connectedly.com

2 thoughts on “Wearable Fitness Tracker Market to Grow by 50% in 5 years

  1. It’s going to be interesting to see what impact Apple’s rumoured wearable device will have. Sounds like they are taking it very seriously so has large disruption potential.
    We’ll probably hear about at least the software part (The Healthbook app) in a couple of weeks at Apple’s WWDC conference. Current rumours are that we won’t see a new device until later in the year.

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