| |July 201819CIOReviewHOW WILL WEARABLE TECHNOLOGY TRANSFORM LIFESTYLES BY 2020? he wave of wearable technology has some way transformed the lifestyle of every individual for a decade. Wearable technology refers to a smart device that can comfortably be worn on the human body. They are the convergence of com-puter and communication technologies. The uses of wearable technologies are far-reaching, thus, pushing the boundaries. Companies have flooded the market with various wearable technologies that come in all shapes, sizes, and forms like fitness trackers, smart watches, smart clothing, smart eyewear, smart accessory, navigational devices, and many more. According to Forbes, the advent of wear-able technology has led the market to reach $34 billion by 2020. HealthcareWearable technology is opening new frontiers in the healthcare sector. The demand for this technology has been astounding and is projected to exceed at a CAGR of 55%, as forecasted by a market research firm "Eu-romonitor". Wearable technology has become the best-selling consumer electronics product and has the great-est potential in the healthcare industry. By the end of 2018, the overall healthcare wearables market is expected to reach 130 million, while global healthcare market is expected to reach a value of over 12 billion, as cited by Markets and Markets. Patients, health-conscious people, and other fitness enthusiasts can now continuously monitor their own health by using wearables. With so many current uses of these devices, the wearable technology is the perfect device for healthcare. There are thousands of smart de-vices in healthcare that can help live a healthier and bet-T CXO INSIGHTSBy Kapil Sharma, Chief Sales Officer (CSO) - International Business, Collabera IncKapil Sharma
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