SlideShare una empresa de Scribd logo
1 de 12
Descargar para leer sin conexión
wearable.tech
vansonbourne.com/research-insights/wearable-technology
It’s official, wearable tech is poised to become
mainstream in 2015. With smart phones owned
by 8 in 10 respondents, and nearly 9 out of 10
of these respondents using their smart phones
every day, there’s a clear case to be argued that
the market is ready for the next‘big thing’.
02
wearable.tech
vansonbourne.com/research-insights/wearable-technology
03
Indeed, of the 1000 UK consumers
we interviewed 1 in 10 already
own a piece of wearable tech
and nearly one third are planning
to buy some form of wearable
tech in the next two years.
That’s a significant number
who will be looking increasingly
closely at what’s available or
coming up on the market. So
there’s going to be a lot of
pressure and high expectations
on manufacturers to bring the
right product to market.
wearable.tech
vansonbourne.com/research-insights/wearable-technology
1/10
04
Of those who already own a wearable tech
device, age proves to be a significant factor, with
popularity amongst 26-35 year olds double that
of any other age group.
Income is also important: nearly a third of
those earning over £100K own a smart
watch and a quarter own a smart wristband,
which is significantly higher than the other
income brackets.
Gender though is of little relevance,
with negligible difference in the
male and female ownership levels
across all ages and incomes.
wearable.tech
vansonbourne.com/research-insights/wearable-technology
Currently the most popular wearable
tech is smart wristbands and smart
watches with 58% of smart watch
owners and 47% of smart wristband
owners using them every day.
However, despite this even split in current
ownership it’s smart watches which are the
most sought after pieces of wearable tech with
over a third of male respondents and almost a
quarter of female respondents intending to buy
one in the next two years.
The good news for manufacturers is that 9 out
of 10 of current owners say their wearable
tech device is important to their lives with
almost half going even further to say that
it is vitally important to their lives. This bodes well
for future sales as our research shows that 9 out
of 10 of those planning to buy an item of
wearable tech believe that it will play an
important role in their life.
05
wearable.tech
vansonbourne.com/research-insights/wearable-technology
When considering whether to buy wearable tech,
the ability to perform multiple tasks is the most
important factor for nearly a fifth of respondents.
Conversely almost the same number see the
ability to perform a single dedicated practical task
as most important, so manufacturers are going to
struggle to please everyone.
With such high smart phone ownership, users are
undoubtedly accustomed to internet connectivity
and they want the same for their wearable tech.
Over three quarters of respondents see
the ability to connect to the internet as
important with 17% seeing it as the most
important factor. Just under 9 in 10 respondents
feel that an item of wearable technology should
have internet connectivity, and the majority
expect wireless connectivity while out and about.
Interestingly when smart phones already offer this
functionality and most current wearable tech is
an‘add-on’rather than a replacement to the smart
phone, access to email and internet connectivity
are the two capabilities that are most likely to
encourage a respondent to buy a wearable tech
device. The other sought-after functions are also
all available on smart phones. Despite this half of
respondents would be encouraged to buy if the
device told the time, and slightly less than half
would be encouraged to buy if the device had an
in-built camera and could store and play music.
06
wearable.tech
vansonbourne.com/research-insights/wearable-technology
That said, there are some high
expectations for wearable tech from
those planning to buy. 8 out of 10
respondents believe that wearable
tech could help them in their
day-to-day life and 45% feel it can
do this by helping to organise
their lives. 44% expect internet
searches to be not only faster
but also more accurate and around
a third see wearable tech as a way
to better entertain themselves,
a figure which rises to 2/5 in 18-25
year olds.
Despite major press coverage and rising
ownership of wearable tech, it’s surprising that
the research shows marginally more respondents
still see this technology as just a fad than those
who don’t.
It’s not difficult to track where this scepticism
might originate when wearable tech giants such
as Google appear to be retreating. Only recently
Google announced that mainstream sale of
Google Glass to consumers would cease and,
although they say the project isn’t dead, it does
mean that one of the most ambitious wearable
tech projects has just taken a step back.
07
wearable.tech
vansonbourne.com/research-insights/wearable-technology
45%
W
W
W
44%
Looking at other challenges to
wearable tech ownership we
discovered a couple of rather
predictable aspects: expense
and battery life.
These are areas that will both improve as time and
adoption increases, though in the short term at
50% and 40% respectively highlighting these as
challenges, these are issues that manufacturers
need to address, particularly as around a third of
respondents feel that smart phones can already
do everything they need anyway. If wearable
tech is to be anything more than an add-on or
enhancement to technology already being
widely used, it’s going to need to beat the
smart phone at its own game.
In terms of battery life, there are some practical
considerations to consider – if people’s wardrobes
are going to start filling up with wearable tech,
how are they going to keep them all charged
without having piles of clothing sitting by plug
points? This might seem a minor point, but 25%
of respondents highlighted keeping multiple
items charged as a concern, so it shouldn’t be
dismissed.
08
wearable.tech
vansonbourne.com/research-insights/wearable-technology
We noted earlier that a significant number of
respondents expect their device to be connected
to the internet, even when they are out and
about. So it’s not surprising that 40% are
worried about hackers stealing their
personal information.
Indeed, security of the data produced
by wearable tech, which can be very
personal data, is a major concern with
nearly three quarters of respondents
worried about it.
Around 4 out of 10 highlighted various
concerns with how the data is stored
particularly, with the use of cloud ever increasing,
the worry that they may not know the physical
location of where the data is stored.
It’s clear therefore that there needs to be
transparency as to where the data is being stored
and what the data is being used for, otherwise
there are going to be trust issues.
With nearly 6 out of 10 respondents also
worried that wearable tech makes it easier
for companies to spy on them, data security is
definitely a concern that needs to be addressed.
But by who? Over half see the security of the
data generated by wearable tech as the joint
responsibility of the manufacturer and the user,
compared with over a third that see it as mainly
the manufacturer’s responsibility and a minority
of 9% who see it as the user’s duty to ensure
security.
09
wearable.tech
vansonbourne.com/research-insights/wearable-technology
With fashion and status undeniably important
in the smart phone market, it’s understandable
why a growing number of wearable tech
manufacturers are collaborating with fashion
houses and startups are focusing on design first.
But is it what the wearable tech consumer
actually wants?
Apparently not just yet. Despite wearable tech
being arguably the most personal technology
we’ve seen to date (after all you put it on, you
don’t just carry it about), it’s not yet a fashion
statement for our respondents with only half
rating the device being fashionable as an
important factor in their purchase decision and
more than two thirds instead wanting their
device to blend in with everyday clothing.
Furthermore, a massive 8 out of 10 are
concerned with comfort, and two thirds
think a good or flattering fit is important
but perhaps surprisingly, given the innovative
and gadget-like nature of these devices, only
just over half want their wearable tech to
look like advanced technology.
10
wearable.tech
vansonbourne.com/research-insights/wearable-technology
Could this be because to date most wearable
tech devices have had a health and fitness focus,
therefore restricting it to niche market status?
Certainly, if you believe the hype then wearable
tech has the ability to turn us all into fitness
fanatics and the potential market for fitness tech
is undoubtedly there. Two thirds of respondents
currently do less than 8 hours of physical activity
a week, and around 4 in 10 do less than 4 hours
a week.
Furthermore, nearly two thirds of respondents
agree that wearable tech is an easy method to
help them improve their health and fitness and
nearly a third believe that wearable tech can
help them get fitter with heart rate monitoring,
physical fitness trackers and calorie
monitoring seen as the most practical
fitness functions.
However, only around half see a
fitness-related function as important
when considering whether to buy
a device.
Perhaps then the future mass-market success of
wearable tech lies in what other functionality
these devices can provide. As major players such
as Intel and Apple enter the market and with the
much-anticipated Apple Watch due to hit the
shelves by April of this year, will this be the
catalyst to take wearable tech beyond fitness
users to the mainstream? With Apple’s track record
in digital music, smartphones and tablets there’s
certainly a strong evidence to suggest it will.
11
wearable.tech
vansonbourne.com/research-insights/wearable-technology
vansonbourne.com/research-insights/wearable-technology
For more information on our services, to
read case studies or access lots of research
content visit our website:
www.vansonbourne.com
If you’d like to know more, contact us here:
Email: enquiries@vansonbourne.com
Tel: 01635 550449
or follow us on:
www.twitter.com/vansonbourne
www.linkedin.com/company/vanson-bourne
www.vansonbourne.com/news/our-blog
Survey conducted in November 2014 by
Vanson Bourne. Respondents were 1000
consumers in the UK.
12

Más contenido relacionado

La actualidad más candente

The mobile experience in Australia
The mobile experience in AustraliaThe mobile experience in Australia
The mobile experience in Australia
Sophie Blomet
 
The Mobile will changes the world
The Mobile will changes the worldThe Mobile will changes the world
The Mobile will changes the world
Alessandro Laudati
 

La actualidad más candente (20)

How consumers use technology and its impact on their lives final
How consumers use technology and its impact on their lives finalHow consumers use technology and its impact on their lives final
How consumers use technology and its impact on their lives final
 
PurpleBug Study - How the Pandemic has Changed Pinoy Media Consumption
PurpleBug Study - How the Pandemic has Changed Pinoy Media ConsumptionPurpleBug Study - How the Pandemic has Changed Pinoy Media Consumption
PurpleBug Study - How the Pandemic has Changed Pinoy Media Consumption
 
The impact of technology on consumer behaviour
The impact of technology on consumer behaviourThe impact of technology on consumer behaviour
The impact of technology on consumer behaviour
 
Wearable Products and Technology Outlook - July 2013
Wearable Products and Technology Outlook - July 2013Wearable Products and Technology Outlook - July 2013
Wearable Products and Technology Outlook - July 2013
 
A Day In Our Lives Without Data
A Day In Our Lives Without DataA Day In Our Lives Without Data
A Day In Our Lives Without Data
 
Presentation how consumers use technology
Presentation  how consumers use technologyPresentation  how consumers use technology
Presentation how consumers use technology
 
Mobile Marketing and Commerce Insights
Mobile Marketing and Commerce InsightsMobile Marketing and Commerce Insights
Mobile Marketing and Commerce Insights
 
The Future of Wearables
The Future of WearablesThe Future of Wearables
The Future of Wearables
 
Informate - SmartPhone Metrics And Analysis - March 2010
Informate - SmartPhone Metrics And Analysis - March 2010Informate - SmartPhone Metrics And Analysis - March 2010
Informate - SmartPhone Metrics And Analysis - March 2010
 
How consumers use technology & it's impact on their lives.
How consumers use technology & it's impact on their lives. How consumers use technology & it's impact on their lives.
How consumers use technology & it's impact on their lives.
 
Mobile Trends 2016
Mobile Trends 2016Mobile Trends 2016
Mobile Trends 2016
 
The mobile experience in Australia
The mobile experience in AustraliaThe mobile experience in Australia
The mobile experience in Australia
 
Assignment 2 official (1)
Assignment 2 official (1)Assignment 2 official (1)
Assignment 2 official (1)
 
The Mobile will changes the world
The Mobile will changes the worldThe Mobile will changes the world
The Mobile will changes the world
 
The Mobile Only Internet Generation
The Mobile Only Internet GenerationThe Mobile Only Internet Generation
The Mobile Only Internet Generation
 
Three main pain points from today’s smartphones
Three main pain points from today’s smartphonesThree main pain points from today’s smartphones
Three main pain points from today’s smartphones
 
The evolution of technology
The evolution of technologyThe evolution of technology
The evolution of technology
 
How consumers use technology and the impact it has on their lives
How consumers use technology and the impact it has on their lives How consumers use technology and the impact it has on their lives
How consumers use technology and the impact it has on their lives
 
Wearable thoughtpaper pk
Wearable thoughtpaper pkWearable thoughtpaper pk
Wearable thoughtpaper pk
 
Presentation
Presentation Presentation
Presentation
 

Destacado

Research snapshot – A corporate view of 4G
Research snapshot – A corporate view of 4GResearch snapshot – A corporate view of 4G
Research snapshot – A corporate view of 4G
Vanson Bourne
 

Destacado (9)

Vanson Bourne Infographic: Big Data
Vanson Bourne Infographic: Big DataVanson Bourne Infographic: Big Data
Vanson Bourne Infographic: Big Data
 
Vanson Bourne Case Study: CA Technologies
Vanson Bourne Case Study: CA TechnologiesVanson Bourne Case Study: CA Technologies
Vanson Bourne Case Study: CA Technologies
 
Vanson Bourne Webcast: IT Security
Vanson Bourne Webcast: IT SecurityVanson Bourne Webcast: IT Security
Vanson Bourne Webcast: IT Security
 
Research snapshot – A corporate view of 4G
Research snapshot – A corporate view of 4GResearch snapshot – A corporate view of 4G
Research snapshot – A corporate view of 4G
 
Enterprise tech trends Q2 2011
Enterprise tech trends Q2 2011Enterprise tech trends Q2 2011
Enterprise tech trends Q2 2011
 
2015 wearable technology
2015 wearable technology2015 wearable technology
2015 wearable technology
 
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
 
Tracxn Research — Wearable Technology Landscape, September 2016
Tracxn Research  — Wearable Technology Landscape, September 2016Tracxn Research  — Wearable Technology Landscape, September 2016
Tracxn Research — Wearable Technology Landscape, September 2016
 
Tracxn Research — Wearable Technology Landscape, December 2016
Tracxn Research — Wearable Technology Landscape, December 2016Tracxn Research — Wearable Technology Landscape, December 2016
Tracxn Research — Wearable Technology Landscape, December 2016
 

Similar a Vanson Bourne Research Report: Wearable Tech

201401 Accenture Digital-Consumer-Tech-Survey-2014
201401 Accenture Digital-Consumer-Tech-Survey-2014201401 Accenture Digital-Consumer-Tech-Survey-2014
201401 Accenture Digital-Consumer-Tech-Survey-2014
Francisco Calzado
 
Velti mobile whitebook 2013
Velti mobile whitebook 2013Velti mobile whitebook 2013
Velti mobile whitebook 2013
Andy Ryu
 
Mobile Phone Design - Lifecycle
Mobile Phone Design - LifecycleMobile Phone Design - Lifecycle
Mobile Phone Design - Lifecycle
Jaime Brown
 

Similar a Vanson Bourne Research Report: Wearable Tech (20)

The Wearable Life 2.0
The Wearable Life 2.0The Wearable Life 2.0
The Wearable Life 2.0
 
Future trends - Weareables - Guia IAB UK
Future trends  - Weareables - Guia IAB UKFuture trends  - Weareables - Guia IAB UK
Future trends - Weareables - Guia IAB UK
 
Whats trending in digital in 2020
Whats trending in digital in 2020Whats trending in digital in 2020
Whats trending in digital in 2020
 
Internet of Things Study Acquity Group 2014
Internet of Things Study Acquity Group 2014Internet of Things Study Acquity Group 2014
Internet of Things Study Acquity Group 2014
 
Whats trending in digital in 2020
Whats trending in digital in 2020Whats trending in digital in 2020
Whats trending in digital in 2020
 
IAB B2B Council Mobile Whitepaper Webcast
IAB B2B Council Mobile Whitepaper WebcastIAB B2B Council Mobile Whitepaper Webcast
IAB B2B Council Mobile Whitepaper Webcast
 
Wearable Technology Part 1 Blue Paper
Wearable Technology Part 1 Blue Paper Wearable Technology Part 1 Blue Paper
Wearable Technology Part 1 Blue Paper
 
Understand the cross-device consumer in just 15 minutes
Understand the cross-device consumer in just 15 minutesUnderstand the cross-device consumer in just 15 minutes
Understand the cross-device consumer in just 15 minutes
 
Ericsson ConsumerLab: Wearable technology and the internet of things
Ericsson ConsumerLab: Wearable technology and the internet of thingsEricsson ConsumerLab: Wearable technology and the internet of things
Ericsson ConsumerLab: Wearable technology and the internet of things
 
Individual_IPO
Individual_IPOIndividual_IPO
Individual_IPO
 
201401 Accenture Digital-Consumer-Tech-Survey-2014
201401 Accenture Digital-Consumer-Tech-Survey-2014201401 Accenture Digital-Consumer-Tech-Survey-2014
201401 Accenture Digital-Consumer-Tech-Survey-2014
 
Digital marketing trends: Top consumer trends and new Brand Engagement Rules
Digital marketing trends: Top consumer trends and new Brand Engagement Rules Digital marketing trends: Top consumer trends and new Brand Engagement Rules
Digital marketing trends: Top consumer trends and new Brand Engagement Rules
 
Inside wearables - part 2 (july 2014)
Inside wearables - part 2 (july 2014)Inside wearables - part 2 (july 2014)
Inside wearables - part 2 (july 2014)
 
Uk data disruption_digital_consumer_report
Uk data disruption_digital_consumer_reportUk data disruption_digital_consumer_report
Uk data disruption_digital_consumer_report
 
Velti mobile whitebook 2013
Velti mobile whitebook 2013Velti mobile whitebook 2013
Velti mobile whitebook 2013
 
Smart phones2010
Smart phones2010Smart phones2010
Smart phones2010
 
Igniting Growth in Consumer Technology
Igniting Growth in Consumer TechnologyIgniting Growth in Consumer Technology
Igniting Growth in Consumer Technology
 
How consumers use technology.pptx
How consumers use technology.pptxHow consumers use technology.pptx
How consumers use technology.pptx
 
Get Ready for Wearables at Work
Get Ready for Wearables at WorkGet Ready for Wearables at Work
Get Ready for Wearables at Work
 
Mobile Phone Design - Lifecycle
Mobile Phone Design - LifecycleMobile Phone Design - Lifecycle
Mobile Phone Design - Lifecycle
 

Más de Vanson Bourne

Más de Vanson Bourne (20)

Vanson Bourne Research Report: Big Data
Vanson Bourne Research Report: Big DataVanson Bourne Research Report: Big Data
Vanson Bourne Research Report: Big Data
 
Vanson Bourne Infographic: Wearable Tech
Vanson Bourne Infographic: Wearable TechVanson Bourne Infographic: Wearable Tech
Vanson Bourne Infographic: Wearable Tech
 
Vanson Bourne Christmas Percents Infographic
Vanson Bourne Christmas Percents InfographicVanson Bourne Christmas Percents Infographic
Vanson Bourne Christmas Percents Infographic
 
Shadow IT 2014: Webcast Slides
Shadow IT 2014: Webcast SlidesShadow IT 2014: Webcast Slides
Shadow IT 2014: Webcast Slides
 
Vanson Bourne Data Summary: Shadow IT - BDMs
Vanson Bourne Data Summary: Shadow IT - BDMsVanson Bourne Data Summary: Shadow IT - BDMs
Vanson Bourne Data Summary: Shadow IT - BDMs
 
Vanson Bourne Data Summary: Shadow IT - IT Decision-Makers
Vanson Bourne Data Summary: Shadow IT - IT Decision-MakersVanson Bourne Data Summary: Shadow IT - IT Decision-Makers
Vanson Bourne Data Summary: Shadow IT - IT Decision-Makers
 
Vanson Bourne Case Study: IBM
Vanson Bourne Case Study: IBMVanson Bourne Case Study: IBM
Vanson Bourne Case Study: IBM
 
Vanson Bourne Case Study: Progress Software
Vanson Bourne Case Study: Progress SoftwareVanson Bourne Case Study: Progress Software
Vanson Bourne Case Study: Progress Software
 
Vanson Bourne Case Study: Spreckley Partners
Vanson Bourne Case Study: Spreckley PartnersVanson Bourne Case Study: Spreckley Partners
Vanson Bourne Case Study: Spreckley Partners
 
Vanson Bourne Case Study: Success Factors
Vanson Bourne Case Study: Success FactorsVanson Bourne Case Study: Success Factors
Vanson Bourne Case Study: Success Factors
 
Vanson Bourne Case Study: NTT
Vanson Bourne Case Study: NTTVanson Bourne Case Study: NTT
Vanson Bourne Case Study: NTT
 
Vanson Bourne Case Study: Porter Novelli
Vanson Bourne Case Study: Porter NovelliVanson Bourne Case Study: Porter Novelli
Vanson Bourne Case Study: Porter Novelli
 
Vanson Bourne Infographic: Mobile Strategy
Vanson Bourne Infographic: Mobile StrategyVanson Bourne Infographic: Mobile Strategy
Vanson Bourne Infographic: Mobile Strategy
 
Vanson Bourne White Paper: Market Research
Vanson Bourne White Paper: Market ResearchVanson Bourne White Paper: Market Research
Vanson Bourne White Paper: Market Research
 
Vanson Bourne Full Research Report: Directions in Tech Marketing
Vanson Bourne Full Research Report: Directions in Tech MarketingVanson Bourne Full Research Report: Directions in Tech Marketing
Vanson Bourne Full Research Report: Directions in Tech Marketing
 
Vanson Bourne Research Insight: Tech Marketing
Vanson Bourne Research Insight: Tech MarketingVanson Bourne Research Insight: Tech Marketing
Vanson Bourne Research Insight: Tech Marketing
 
Vanson Bourne Infographic: IT Security
Vanson Bourne Infographic: IT SecurityVanson Bourne Infographic: IT Security
Vanson Bourne Infographic: IT Security
 
Vanson Bourne Infographic: Social Media 2010 v 2013
Vanson Bourne Infographic: Social Media 2010 v 2013Vanson Bourne Infographic: Social Media 2010 v 2013
Vanson Bourne Infographic: Social Media 2010 v 2013
 
Vanson Bourne Infographic: Social Media
Vanson Bourne Infographic: Social MediaVanson Bourne Infographic: Social Media
Vanson Bourne Infographic: Social Media
 
Vanson Bourne Infographic: Technology Marketing
Vanson Bourne Infographic: Technology MarketingVanson Bourne Infographic: Technology Marketing
Vanson Bourne Infographic: Technology Marketing
 

Último

Architecting Cloud Native Applications
Architecting Cloud Native ApplicationsArchitecting Cloud Native Applications
Architecting Cloud Native Applications
WSO2
 

Último (20)

Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of Terraform
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfRising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
Strategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
Strategize a Smooth Tenant-to-tenant Migration and Copilot TakeoffStrategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
Strategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
 
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
 
MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024
 
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingRepurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
 
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot ModelMcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
Mcleodganj Call Girls 🥰 8617370543 Service Offer VIP Hot Model
 
MS Copilot expands with MS Graph connectors
MS Copilot expands with MS Graph connectorsMS Copilot expands with MS Graph connectors
MS Copilot expands with MS Graph connectors
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a Fresher
 
Architecting Cloud Native Applications
Architecting Cloud Native ApplicationsArchitecting Cloud Native Applications
Architecting Cloud Native Applications
 
Understanding the FAA Part 107 License ..
Understanding the FAA Part 107 License ..Understanding the FAA Part 107 License ..
Understanding the FAA Part 107 License ..
 
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Exploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusExploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with Milvus
 

Vanson Bourne Research Report: Wearable Tech

  • 2. It’s official, wearable tech is poised to become mainstream in 2015. With smart phones owned by 8 in 10 respondents, and nearly 9 out of 10 of these respondents using their smart phones every day, there’s a clear case to be argued that the market is ready for the next‘big thing’. 02 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 3. 03 Indeed, of the 1000 UK consumers we interviewed 1 in 10 already own a piece of wearable tech and nearly one third are planning to buy some form of wearable tech in the next two years. That’s a significant number who will be looking increasingly closely at what’s available or coming up on the market. So there’s going to be a lot of pressure and high expectations on manufacturers to bring the right product to market. wearable.tech vansonbourne.com/research-insights/wearable-technology 1/10
  • 4. 04 Of those who already own a wearable tech device, age proves to be a significant factor, with popularity amongst 26-35 year olds double that of any other age group. Income is also important: nearly a third of those earning over £100K own a smart watch and a quarter own a smart wristband, which is significantly higher than the other income brackets. Gender though is of little relevance, with negligible difference in the male and female ownership levels across all ages and incomes. wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 5. Currently the most popular wearable tech is smart wristbands and smart watches with 58% of smart watch owners and 47% of smart wristband owners using them every day. However, despite this even split in current ownership it’s smart watches which are the most sought after pieces of wearable tech with over a third of male respondents and almost a quarter of female respondents intending to buy one in the next two years. The good news for manufacturers is that 9 out of 10 of current owners say their wearable tech device is important to their lives with almost half going even further to say that it is vitally important to their lives. This bodes well for future sales as our research shows that 9 out of 10 of those planning to buy an item of wearable tech believe that it will play an important role in their life. 05 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 6. When considering whether to buy wearable tech, the ability to perform multiple tasks is the most important factor for nearly a fifth of respondents. Conversely almost the same number see the ability to perform a single dedicated practical task as most important, so manufacturers are going to struggle to please everyone. With such high smart phone ownership, users are undoubtedly accustomed to internet connectivity and they want the same for their wearable tech. Over three quarters of respondents see the ability to connect to the internet as important with 17% seeing it as the most important factor. Just under 9 in 10 respondents feel that an item of wearable technology should have internet connectivity, and the majority expect wireless connectivity while out and about. Interestingly when smart phones already offer this functionality and most current wearable tech is an‘add-on’rather than a replacement to the smart phone, access to email and internet connectivity are the two capabilities that are most likely to encourage a respondent to buy a wearable tech device. The other sought-after functions are also all available on smart phones. Despite this half of respondents would be encouraged to buy if the device told the time, and slightly less than half would be encouraged to buy if the device had an in-built camera and could store and play music. 06 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 7. That said, there are some high expectations for wearable tech from those planning to buy. 8 out of 10 respondents believe that wearable tech could help them in their day-to-day life and 45% feel it can do this by helping to organise their lives. 44% expect internet searches to be not only faster but also more accurate and around a third see wearable tech as a way to better entertain themselves, a figure which rises to 2/5 in 18-25 year olds. Despite major press coverage and rising ownership of wearable tech, it’s surprising that the research shows marginally more respondents still see this technology as just a fad than those who don’t. It’s not difficult to track where this scepticism might originate when wearable tech giants such as Google appear to be retreating. Only recently Google announced that mainstream sale of Google Glass to consumers would cease and, although they say the project isn’t dead, it does mean that one of the most ambitious wearable tech projects has just taken a step back. 07 wearable.tech vansonbourne.com/research-insights/wearable-technology 45% W W W 44%
  • 8. Looking at other challenges to wearable tech ownership we discovered a couple of rather predictable aspects: expense and battery life. These are areas that will both improve as time and adoption increases, though in the short term at 50% and 40% respectively highlighting these as challenges, these are issues that manufacturers need to address, particularly as around a third of respondents feel that smart phones can already do everything they need anyway. If wearable tech is to be anything more than an add-on or enhancement to technology already being widely used, it’s going to need to beat the smart phone at its own game. In terms of battery life, there are some practical considerations to consider – if people’s wardrobes are going to start filling up with wearable tech, how are they going to keep them all charged without having piles of clothing sitting by plug points? This might seem a minor point, but 25% of respondents highlighted keeping multiple items charged as a concern, so it shouldn’t be dismissed. 08 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 9. We noted earlier that a significant number of respondents expect their device to be connected to the internet, even when they are out and about. So it’s not surprising that 40% are worried about hackers stealing their personal information. Indeed, security of the data produced by wearable tech, which can be very personal data, is a major concern with nearly three quarters of respondents worried about it. Around 4 out of 10 highlighted various concerns with how the data is stored particularly, with the use of cloud ever increasing, the worry that they may not know the physical location of where the data is stored. It’s clear therefore that there needs to be transparency as to where the data is being stored and what the data is being used for, otherwise there are going to be trust issues. With nearly 6 out of 10 respondents also worried that wearable tech makes it easier for companies to spy on them, data security is definitely a concern that needs to be addressed. But by who? Over half see the security of the data generated by wearable tech as the joint responsibility of the manufacturer and the user, compared with over a third that see it as mainly the manufacturer’s responsibility and a minority of 9% who see it as the user’s duty to ensure security. 09 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 10. With fashion and status undeniably important in the smart phone market, it’s understandable why a growing number of wearable tech manufacturers are collaborating with fashion houses and startups are focusing on design first. But is it what the wearable tech consumer actually wants? Apparently not just yet. Despite wearable tech being arguably the most personal technology we’ve seen to date (after all you put it on, you don’t just carry it about), it’s not yet a fashion statement for our respondents with only half rating the device being fashionable as an important factor in their purchase decision and more than two thirds instead wanting their device to blend in with everyday clothing. Furthermore, a massive 8 out of 10 are concerned with comfort, and two thirds think a good or flattering fit is important but perhaps surprisingly, given the innovative and gadget-like nature of these devices, only just over half want their wearable tech to look like advanced technology. 10 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 11. Could this be because to date most wearable tech devices have had a health and fitness focus, therefore restricting it to niche market status? Certainly, if you believe the hype then wearable tech has the ability to turn us all into fitness fanatics and the potential market for fitness tech is undoubtedly there. Two thirds of respondents currently do less than 8 hours of physical activity a week, and around 4 in 10 do less than 4 hours a week. Furthermore, nearly two thirds of respondents agree that wearable tech is an easy method to help them improve their health and fitness and nearly a third believe that wearable tech can help them get fitter with heart rate monitoring, physical fitness trackers and calorie monitoring seen as the most practical fitness functions. However, only around half see a fitness-related function as important when considering whether to buy a device. Perhaps then the future mass-market success of wearable tech lies in what other functionality these devices can provide. As major players such as Intel and Apple enter the market and with the much-anticipated Apple Watch due to hit the shelves by April of this year, will this be the catalyst to take wearable tech beyond fitness users to the mainstream? With Apple’s track record in digital music, smartphones and tablets there’s certainly a strong evidence to suggest it will. 11 wearable.tech vansonbourne.com/research-insights/wearable-technology
  • 12. vansonbourne.com/research-insights/wearable-technology For more information on our services, to read case studies or access lots of research content visit our website: www.vansonbourne.com If you’d like to know more, contact us here: Email: enquiries@vansonbourne.com Tel: 01635 550449 or follow us on: www.twitter.com/vansonbourne www.linkedin.com/company/vanson-bourne www.vansonbourne.com/news/our-blog Survey conducted in November 2014 by Vanson Bourne. Respondents were 1000 consumers in the UK. 12