Wearable Technology Market is estimated to reach $58.3 Billion by 2024; growing at a CAGR of 15.8% from 2020 to 2024
The MarketWatch News Department was not involved in the creation of this content.
Japan, Japan, Fri, 27 Nov 2020 02:08:59 / Comserve Inc. / — Wearable technology consists of electronic devices that are worn as accessories or can be implanted in the body.
Global Wearable Technology Market is estimated to reach $58.3 Billion by 2024; growing at a CAGR of 15.8% from 2016 to 2024. Wearable technology consists of electronic devices that are worn as accessories or can be implanted in the body. These devices are capable of connecting with internet and exchanges data between network and device. The wearable technology market has witnessed a surge due to which major companies are incorporating new technologies into their digital and mobile strategies to increase their global market share. Moreover, these devices have been also worn as fashion statement as customers are becoming high-tech accessorized.
The global wearable technology market is driven