Black Friday Sale! 50% Off All Access

Report: Wearable Devices Could Revolutionize the Way We Do Business Mary Meeker's 'Internet Trends' report heralds hands-free tech as the next big thing.

By Benjamin Kabin

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

Opinions expressed by Entrepreneur contributors are their own.

Accessing the internet with a smartphone or tablet still feels like a novelty to some people, but the tech world is already moving forward on the next wave of innovation networked devices, largely focused on freeing up users' hands. A new technology cycle characterized by "wearables, drivables, flyables and scannables" is coming on earlier than expected and already showing signs of growth, internet analyst Mary Meeker says in the Kleiner Perkins Caufield & Byers 2013 Internet Trends report.

In the report, which was published yesterday, Meeker said the average smartphone user checks his or her device 150 times per day, a task that wearable tech can help users avoid. While Google Glass has been called a geeky novelty by some, Meeker believes hands free technology has staying power. In addition to Google, Apple, Microsoft and Samsung are all said to be developing wearable tech devices.

Networked, sensor-enabled, wearable devices such as a watch, bracelet or pair of glasses have the potential to allow users to make calls, send a message, use GPS or simply check the time without having to put down what they're doing. These changes can create new opportunities for businesses to integrate their message into users' daily lives, and challenge companies to develop inventive ways to get customers' attention as they spend more time using voice and sensor controls and less time staring at a screen.

Related: My First 48 Hours Wearing Google Glass

Wearable tech wasn't the only thing on Meeker's radar. Here are some other notable observations from the report:

Mobile traffic is growing fast. In just the past year the number of users who rely on mobile devices to get online increased by 30 percent to more than 1.5 billion subscribers worldwide. Those customers account for 15 percent of all internet traffic and create significant opportunities for advertisers, the report says. In China and South Korea, for instance, internet traffic from mobile devices has already surpassed traffic from PCs.

Sharing is infectious and addictive. Internet users are sharing information in the form of photos and videos, and increasingly, sound and data -- at exponential rates. This year, users have already uploaded almost 550 million photos to services like Facebook, Instagram and Snapchat compared to just about 350 million for all of 2012. Users upload an average of 100 hours of video to YouTube and 11 hours of audio to SoundCloud every minute.

Americans aren't the biggest over-sharers online. When it comes to sharing every detail about one's work and life online, Americans don't even crack the top 10, the report says. When asked if they share "everything" or "most things" online, only 15 percent of people in the U.S. indicated yes. In contrast, more than 60 percent of Saudi Arabians answered yes followed by Indians and Indonesians, about half of whom also answered yes.

If Meeker's data makes one thing clear it's that the internet offers a smorgasbord of opportunities to capitalize on in well-established and emerging markets that can shape the way share and connect well into the next decade.

Related: Smartwatch Wars: Microsoft Possibly Developing Wearable Tech, Too

Benjamin Kabin

Journalist

Benjamin Kabin is a Brooklyn-based technology journalist who specializes in security, startups, venture capital and social media.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

I've Spent 20 Years Studying Focus. Here's How I Use AI to Multiply My Time and Save 21 Weeks of Work a Year

AI is supposed to save time, but 77% of employees say it often costs more time due to all the editing it requires. Instead of helping, it can become a distraction. But don't worry — there's a better way.

Business News

The Two Richest People in the World Are Fighting on Social Media Again

Jeff Bezos and Elon Musk had a new, contentious exchange on X.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

Why Are So Many Course Creators Struggling if It's 'Such an Easy Business'? Here's the Truth Behind the $800 Billion Industry

Creating an online course is so easy — at least, that's what many "gurus" would like you to believe. There's a lot of potential in the $800 billion industry, but here's why so many course creators are struggling.

Business News

Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market 'Go Ballistic'

Corcoran said she praying for lower interest rates and people are "tired of waiting."

Money & Finance

Why Donald Trump's Business-First Policies Trump Harris' Consumer-Centric Approach

President Donald Trump's pro-business agenda is packed with policy moves encouraging investment to drive economic growth. The next Congress has a unique opportunity to support entrepreneurship and innovation, improving U.S. competitiveness with the rest of the world.