Wearable data and analytics

Data analytics provides companies, healthcare professionals, and consumers alike with further insight into the long stream of data that they receive from various sensors and devices, which increasingly includes wearable devices.

Traditional wearables, such as fitness tracking devices, provide the user with raw information such as their heart rate or step count. By applying analytics to this data, wearers can now receive actionable information and preemptive alerts.  

ABI Research, a market foresight advisory firm providing strategic guidance on the most compelling transformative technologies, forecasts wearable data and analytics services revenue will reach over US$838 million in 2022, increasing from over US$247 million in 2017, a CAGR of over 27%.

“Wearable devices have long been finding their way into the lives of consumers and enterprises, offering various features such as activity tracking, communication, access to information, and vital healthcare monitoring,” says Stephanie Lawrence, Research Analyst at ABI Research. “Data analytics adds a further benefit to the technology, giving users and companies actionable information based on the data that the devices collect, with deep integration through an increasingly connected market.”