Editor's note: David Alton Clark is the No. 1-ranked financial blogger based on pick returns, according to TipRanks.com
2016 will be the year wearables become the rule rather than the exception.
By 2019 worldwide shipments of all wearables will reach 173.4 million units, according to projections from International Data Corp. (IDC), a market research firm. Wearable health and fitness tracking devices will make up a huge chunk of that total.
This puts a $45 billion opportunity on the table with a five-year compound annual growth rate (CAGR) of 23 percent. Although the winner of the wearable wars has yet to be determined, as luck would have it, uncertainty creates opportunity.
Here's the best way to invest in this trend.