Good read. At this point in time this leaves me thinking wait and see what they all produce in the future – BUYING DECISION still = WAIT.
Originally posted on Gigaom:
At least 10 new wearable devices were introduced at CES in January, from makers such as Sony, Pebble, Meta, LG, Garmin, Razer and more. Yet despite the enthusiasm in the market, the dirty secret of wearables remains: almost all of the current generation of products fail to drive long-term, sustained engagement and behavior change.
Endeavour Partners’ research recently found that while one in 10 US consumers over the age of 18 now owns a modern activity tracker, one-third of US consumers who have owned a wearable product stopped using it within six months, and more than half of US consumers who owned an activity tracker no longer use it. Consumers are buying them and trying them, but rarely end up relying on them.
Key challenge of wearables: Long-term engagement and behavior change
Sustained engagement is the key challenge for companies developing wearable devices or complementary services. A surprising percentage of…
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