The wearable technology market is set to expand rapidly in the next several years, according to new data from Juniper Research.The research firm on Tuesday forecast that worldwide spending on wearable technology will hit $1.canada goose jacket4 billion this year. By 2018, that figure will hit $19 billion.canada goose jacket The increase is due in large part to "heightened consumer awareness of wearable technology," Juniper Research`s Nitin Bhas said in a statement.The market`s growth will of course be a good thing for device makers, but according to Juniper, developers might benefit as well.canada goose jacket"Significant opportunities will arise for app developers -- across the health, fitness, sports and communication segments," the company said.

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