Activity trackers new area of growth
Jawbone hopes to cash in on the market trend with its latest UP3 fitness tracker
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Singapore
HEALTHCARE and sports activity trackers are at the vanguard of the new IoT (Internet of Things) market which is expected to reach US$7.1 trillion by 2020.
SNS Research estimates that by 2016, wearable device shipments will surpass 140 million and will account for nearly US$30 billion in revenue. The market is further expected to grow at a CAGR (compound annual growth rate) of 30 per cent over the next five years.
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