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Consumers’ relentless pursuit for richer audiovisual experience has propelled the popularity of virtual reality (VR) devices and drawn in more companies to invest in this market. Furthermore, the competition among the increasing number of players will bring about diversification and growth of VR applications.
Developments in the Internet and the Internet of Things (IoT) will propel strong growth in industries related to smart healthcare in 2016. According to global market research firm TrendForce, worldwide spending on smart healthcare services (e.g. telemonitoring, diagnostic equipment, assisted living and bio-data tracking) will reach US$30 billion in 2018, growing at a CAGR of 60% from 2016 to 2018.
The market for wearable devices (also known as wearables) has maintained a certain growth level in recent years, though device vendors have not experienced a boom in demand as they would hope. The total wearable device shipments in 2015 are estimated at 68.1 million units, according to global market research firm TrendForce.
Much of the development of the global mobile communication sector this year involves telecom operators expanding the 4G network. Next year, mobile operators will be working feverishly to upgrade their networks to LTE and to grow the 4G user base with bundled service and end device packages.
The advent of the Internet of Things (IoT) has propelled the demand for better security solutions on electronic devices. Apple’s iPhone 5s, which was released in 2013, was the first smartphone to feature a fingerprint recognition system as to further guarantee user privacy. Since then, interests on the developments of various biometric identification technologies have been rising.
