GTX Corp. (GTXO) SmartSole Poised To Carve Off Substantial Slice of a Burgeoning Healthcare Wearables Market Set to Hit $4.5 Billion by 2020
The global wearable technology market, worth only $750 million back in 2012, has maintained its show stopping growth pattern this year, spurred on by the planet’s biggest tech companies continuing to vie for the pole position in an ongoing race to become the dominant developer of what is seen as essentially the next mobile phone market. Transparency Market Research recently projected a forward CAGR of over 40 percent through 2018 for the space and leading tech-focused market research, analysis and advisory firm, International Data Corporation,estimates that more than 72 million units will ship by this year’s close, a whopping 173 percent jump over last year’s figure, and this figure is seen by IDC as growing to over 155 million units by 2019, on a CAGR of 42.6 percent. One of the companies pushing the hardest is Intel (NASDAQ: INTC), which bought up Canadian high-tech sports eyewear maker Recon earlier this […]