A recent report from Juniper Research has shown that the market for smart wireless accessories is on the rise.
The emerging market for app-enabled devices is growing in popularity and is expected to affect different aspects of our day-to-day life.
Some of the areas in which this sector is already active includes consumer electronics, payment processing, fitness and healthcare.
Tablet wireless accessories are also growing in popularity. According to the study, app enabled devices will cross 100 million units by 2017. Only about 10 million units are expected to be sold by the end of 2012.
It will be possible to make mobile payments through a smartphone payment reader, instead of the more bulky POS devices currently being used.
In the same way monitoring of ones health parameters such as measurement of blood glucose levels and other such readings will be possible through the use of app-enabled hardware.
Global fitness brands such as Nike have also entered the market with fitness smart wireless accessories.
In the U.S. smart wireless accessories are already being made available in retail stores.
New entrants into the payments market such as Square and iZettle are also making headway through this new system.
The report also points out how different players in the field can best monetize themselves to be more successful in the business.