Download opening lines wearable technology market

OPENING LINES
WEARABLE TECHNOLOGY MARKET - GLOBAL OPPORTUNITY
ANALYSIS AND INDUSTRY FORECAST, 2014-2022
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earable technology refers to electronics devices that are designed to
be worn anywhere around the body
thereby enabling hands free operations. Wearable technology products have gained
popularity over the past few years, with advancements in technology and growth in the trend of
innovation. From healthcare to
military & defense sector, this technology is prevalent due to ease of
use, flexibility, and convenience.
It also saves time, enables real-time data monitoring, and offers
operational efficiency. Fitness tracking, security profiling, and network
monitoring are some of the major
factors contributing towards the
higher adoption of wearable technology. The wearable technology
market is expected to reach a market value of $57,653 million by 2022
from $19,633 million in 2016, growing with a notable CAGR of 16.2%
during the forecast period.
Increase in healthcare awareness, portable and
convenient usage of wearables, and entry of large
smartphone manufacturers are expected to drive
growth in the wearable technology industry. Demand for sophisticated devices with innovative
features further supplements the market growth.
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Increase in healthcare awareness, portable and convenient usage
of wearables, and entry of large smartphone manufacturers are
expected to drive growth in the wearable technology industry.
Demand for sophisticated devices with innovative features further supplements the market growth.
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