NFC Payments, Smartwatches Driving Wearables, Researcher Finds
The wearables market will grow at a 13 percent compound annual rate through 2024 to $35.48 billion, said Technavio Friday. A key driver will be growing adoption of contactless payments, it said. Wearables vendors are integrating near-field communication into wearable…
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devices such as smartwatches, smart bands and smart rings, said the researcher. Some vendors are introducing hybrid styles to attract customers who prefer old-school mechanical watches integrated with smart features. Functions are handled by a smartphone through an app.