Wrist-Worn Wearables Market to Grow at 13% Clip Through 2021, Report Says
Revenue in the global wrist-worn wearable market will advance at a 13 percent compound annual growth rate through 2021 to $38 billion, a Thursday Technavio report said. Integration of wearables for sports and fitness use with smartphones will allow manufacturers…
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to offer “highly sophisticated analyses” aided by technologically advanced apps, it said. The opportunities created a market for startups that allow developers to access devices and enhance functionality, analyst Ujjwal Doshi said: Most of the wrist wearables “serve a single purpose or a specific set of related functions for a user.”