Wearables Poised to Be $25.2 Billion Business by 2020, Says Report
Wearable electronics are poised to become a $25.2 billion global market, with a volume of 142.6 million units, by 2020, based on a 26 percent compound annual growth rate through the end of the decade, said Allied Market Research in…
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a report. North America currently has the largest share of the global wearables market, but Europe will grow the fastest to become the largest market by 2020, it said. It estimated that wearables were a $4 billion market globally last year. The market is dominated by large players such as Adidas, Google and Nike, but companies like Fitbit and Jawbone "have raised a lot of capital through funding based on their business ideas and are now competing with large players in the wearable electronics space," it said.