#Asia Number of wearables to rise five times by 2020: Frost & Sullivan


The SGX-commissioned research paper aimed at educating investors on the digital sector estimates 210 million wearables to be shipped by 2020


By 2020, the number of wearables shipped around the world will reach 210 million units, an increase of over five times from the approximately 38 million units in 2014, estimates Frost & Sullivan in its research paper published yesterday.

While activity trackers, which are wearable bands and other devices that can track athletic activities, constitute the largest proportion of the market with 61 per cent of wearable shipments in 2014, smart watches are set to take over.

These watches, which can connect to smartphones and run third-party applications to take calls, check messages, and find restaurants, are expected to constitute 54 per cent of the market come 2020.


In crowdfunding, Asia contributed to 21 per cent of the global US$16.2 billion raised in 2014. Key drivers for growth in the crowdfunding space are unmet needs within the traditional funding sector, growth in collaboration with the Internet, growth of social media, centralised reach to and interactivity with funders or investors, and growth of crowdfunding success stories such as Singapore’s Djenee’s S$500,000 (US$354,000) on the FundedByMe platform.

Also Read: SGX and Clearbridge Accelerator to set up fundraising platform

Investor education

The research paper, titled ‘Investing in financial technology and consumer digital technology companies’, was commissioned by the Singapore Exchange (SGX) as part of its investor education efforts.

“We’re seeing an increasingly vibrant digital sector in Singapore and investors getting more interested in these companies. The aim of the research paper is to better enable investors to understand the complexities and constantly changing nature of this sector and be better informed,” said Mohamed Nasser Ismail, Head of SME Development & Listings, SGX.

The paper aims to provide retail investors with valuable information on 10 key technology areas, including the major trends, business models, risks, and valuation drivers.

The overall goal of the paper is to equip prospective investors with basic knowledge on the potential of emerging technologies to enable them to make well-informed investment decisions about technology companies. The technology areas covered include both consumer technology and financial technology.

View the research paper here.

Image Credit: Shutterstock

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