BALTIMORE, MA--(Marketwired - Nov 5, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, notes that a recent report released by global technology research firm ON World illustrates that the huge demand for health and fitness solutions has spurred widespread adoption of mobile sensing health and fitness devices. This report confirms that LifeApps Digital Media, Inc. (
ON World predicts that with the broad expansion of Bluetooth Smart technology that seamlessly connects mobile sensors to the Internet, more than a quarter of a billion wearable health and fitness sensing devices will be shipped worldwide between 2013 and 2017. Forecasts such as this are music to the ears of the management of LifeApps Digital Media, Inc. ON World's report entitled Mobile Sensing Sports and Fitness was produced following interviews with 2,000 individuals. Highlights of report are extremely relevant to LifeApps' growth, considering its key mobile apps such as the Golf Core Grip Workout System, Yoga workouts and a Tennis Workout system as well.
For example, by 2017, it is estimated that there will be 500 million annual sensor shipments for mobile sensing fitness and health applications and two-thirds of these will be for activity tracking. In addition, one of ON Worlds' surveys of 1,000 consumers found that 40% are interested in purchasing a smart watch and nearly half will use their smart watch primarily for health and fitness applications. On a related note, another survey revealed that 37% say it is "important" or "most important" to use their smartphones for fitness/weight management.
This report dovetails nicely with an outstanding article just published on Forbes online entitled "7 Ways Mobile Will Change Business In 2014."
Clearly, LifeApps offers the right products for one of the fastest and most important segments of the mobile device and mobile app markets. As new hardware and new technologies are adopted, the Company is poised to enjoy substantial growth.
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About LifeApps Digital Media, Inc.: LifeApps Digital Media, Inc. (
For more information, please visit http://www.lifeappsmedia.com.