CONTINUED GROWTH EXPECTED FOR WEARABLE SYSTEMS MARKET

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CONTINUED GROWTH EXPECTED FOR WEARABLE SYSTEMS MARKET
28 October 2005 - Venture Development Corporation

The global market for wearable computing and communications systems is expected to reach $270 million by 2007, according to a recent study published by VDC. Sales are expected to grow more than 25% annually, based largely on the sales of customized solutions to core market segments warehousing and transportation.

Wearable systems spending is highly concentrated in warehouse and transportation/distribution market segments. Wearable devices allow users to keep their hands free for other activities during operation, which creates a compelling ROI in picking and placing, inventory tracking, and cross-docking applications that are core to these markets.

These market segments represent both the largest installed base for wearable systems, and the most significant source of near-term growth.

The most successful wearable systems suppliers have recognized the unique need for hands-free solutions in these market segments, and have met those needs with segment-specific offerings that can be highly customized for each account. According to David Krebs, VDC's Mobile and Wireless Practice Director, 'The wearables market offers considerable potential for companies with strong value propositions based on proven technologies. The wearables market requires segment-specific solutions, with all the pre-and post-installation configuration management that term implies. But most importantly, the wearables market requires patience, or it remains largely a project-based opportunity. Scaling could remain a challenge for some time.'

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About: Venture Development Corporation
Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of industrial, embedded, defense and niche enterprise IT markets. VDC has been operating since 1971, when graduates of the Harvard Business School and Massachusetts Institute of Technology founded the firm. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management, and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest growing tech suppliers in the world and the most successful investors participating in the markets we cover.

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