The global wearable technology market is expected to hit $40 billion by 2020, according to a Research and Markets report.
Here are five points:
1. The market is anticipated to grow at a compound annual growth rate of 29 percent between 2016 and 2020.
2. Wearables' ability to interconnect with healthcare trends, fitness and messaging will continue to drive the market's growth.
3. The combination of sensors, wireless connectivity and active materials and energy has pushed wearable technology into the mainstream consumer market.
4. The market is attracting an array of companies from mobile operators to health insurers.
5. Key market players include 270 Vision, 3L Labs, 4DForce, 4iii Innovations, 9Solutions, ARA, Moticon, Motion Fitness, Motorola Mobility, Movable, Mozilla, WTS, X-Doria, Xens, Zoll Medical and ZTE.