The word “wearables” might be most equated with a consumer device like a Fitbit, but many companies are working to expand the sector and put their innovations on the manufacturing plant floor, including smartwatches, smart gloves and smart glasses.
ABI Research, the market advisory firm providing strategic guidance on transformative technologies, forecasts wearable data and analytics services revenue will reach more than $838 million in 2022. That’s an increase from more than $247 million in 2017, a CAGR of over 27 percent—and much of that will be in the manufacturing sector.