Director of Health and Mobile Product Research Addresses European Connected Health Market at Wearable Technology Show
Parks Associates announced new forecasts today for Western Europe as part of its NUMBERS™ service showing strong future growth for connected fitness trackers and smart watch sales. In 2020, unit sales of connected fitness trackers will reach 24.5 million, and sales of smart watches will exceed 20 million.
“The expansion of mobile device platforms to wearable form factors creates many opportunities for developers to build new services and applications,” said Harry Wang, Director, Health and Mobile Product Research, Parks Associates. “For the smart watch, its location on the body and easy access put it in a great position to act as a remote control for smart home features, a role currently occupied by the smartphone. APIs will play a key role in developing functions for the smart watch such as turning on lights remotely, closing garage doors, adjusting thermostat settings, and many more features.”
Currently, 10% of Spanish broadband households own a smart watch, followed by 8% in the U.K., 7% in Germany, and 6% in France, according to Parks Associates’ Connected Consumer in Europe. In the United States, 33% of broadband households own a digital health/wellness device, and 10% plan to buy a smart watch by midyear 2016.
Wang will discuss the firm’s mobile platforms and connected health research this week at the Wearable Technology Show 2016 in London. He chairs the Wearable Disrupt Track starting at 13:30, March 16. This track includes keynotes from Misfit Wearables and Samsung Semiconductors and sessions featuring executives from Beddit, Accenture Wearable Technology Practice, Resonance Design, AliveCor, ETH-Zürich, Cambridge Consultants, Eleks, Bittium, and Epson.
Parks Associates NUMBERS publications include regional, country, and global forecasts of connected home products and services. For information, visit www.ParksAssociates.com. To schedule an interview, contact Holly Sprague at hsprague@gmail.com, 720.987.6614.
About Parks Associates
Parks Associates helps companies identify new opportunities, refine strategy, and accelerate growth in connected technology markets through data-driven insights and industry expertise. With more than 40 years of experience, the firm delivers proprietary consumer and industry research, market forecasts, and strategic analysis that guide business decisions across personal, connected home, small business, and commercial technology ecosystems. Parks Associates supports clients in navigating evolving markets including AI, security, smart home, broadband, entertainment, energy, multifamily, smart buildings, and connected health.
The firm also fosters industry growth and collaboration by convening thousands of leaders each year through its flagship executive conferences, including CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. Learn more at https://www.parksassociates.com.
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