There is so much to talk about technology these days and for all the good reasons. Globalization and industrialization are terms lying in some old articles. It’s the era of technology and growing Sci-fi world. From smart Google glass to apple’s smart watches, the wearable technology is growing in demand across the world. These gadgets are newly introduced; this started from the very first and simple digital watch, which had a calculator in it. From calculators, we have come to location trackers, exercise intensity and also recording our day-to-day activities using watches, wrist bands, etc.

People who are techno-savi and love these new and innovative technologies, can’t thank enough Mr. Steve Mann, the man known to be the pioneer of using this kind of technology. Mann introduced this technology in 1980. During 1990s, he was successful in creating a portable wireless video camera, which he used to wear all day.  He was the first person to record and broadcast his daily activities through the internet.

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The new generation wearable technologies differ a bit from Mann’s idea. Some of today’s wearable gadgets track our body’s functions. With the growing social networking habit among the young generations, the source of recording daily activities and sharing it through the internet has a lot of potential to grow in the future.

According to the latest statistics from GlobalWebIndex, 71% people within 16-24yrs of age, want to use “Wearable tech.” The stat shows, 64% of the internet users globally, have already worn and used a piece of wearable tech, in which, men are more eager to use them than women with 69% and 56%, respectively.

This does not end here; the wearable technology is just introduced in the market; therefore, there is a lot more coming-up. For e.g. recent news reports says, Apple could use its “iWatch” to be a source of payment and other applications.

“NFC wireless is central to Apple's plans to offer so-called tap-to-pay into its mobile devices, allowing users to pay for goods and services using credit cards stored with iTunes”, people close to Apple said. “The smartwatch would be offered in two sizes, each featuring a curved organic light-emitting diode screen, those people familiar with the device said. It will include sensors to track and monitor health and fitness data,” the people said.

This growing market has a lot of potential for new investors in the market. Bigmarketresearch.com adds a new report providing deep insights of the global wearable technology market. The report is a useful piece of information to know the latest and growing market trends and scope in the future.