Credit Suisse released a massive report on Friday detailing the outlook of the wearable technology market.
Wearable Technology Will Grow to $50 Billion
The main takeaway: wearable tech is already a $3- to $5 billion market today. In the next two to three years, it could skyrocket to $30- to $50 billion.
That means more smartwatches, fitness monitors, shoes, and headsets.
With Apple and Google dominating the install base of smartphone operating systems — iOS and Android respectively — they are in two of the best positions to leverage the wearable tech market.
Here are some key stats and info from the report:
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