Once integrated, the market is likely to grow at a substantial rate in forthcoming years. Integration of Internet of Things (IoT) with wearable technology is an emerging trend and yet to gain customer traction due to limited interoperability. Looking for exclusive market insights from business experts? Request a Custom Report Wearable Technology Market: Notable Developments The market intelligence report also provides details about restraining factors that are likely to interfere with growth of dried spices market. The upcoming report on dried spices market provides insights about various factors affecting growth of the market during forecast period (2019-2029). Further, application of wearable device for security and healthcare are likely to drive market growth over the forecast period. In addition, changing lifestyles of consumer and shift towards fitness are providing lucrative growth opportunities for wearable technology market. Lately, the companies are focussing on refining the design of the products to attract customers.Įven though wearable technology market is at its nascent stage, the niche segments are anticipated to have perspective for long term. These products are incorporated with high-end technology. Ear-wearable and smart clothing are few examples of innovations. For instance, as per report given by Fitbit, the company sold around 14 million units of its smart fitness wristbands.įurther, research and development in the field of wearable technology has resulted in innovations and new product categories. The significant customer base is attributed to shift in fitness brought by wearable technology. This has gained significant customer base across the globe. Wristbands launched by Jawbone, Apple, Fitbit, and many other acts as activity trackers. Wearable technology implies wristbands that can be worn on wrist and helps track information such as pulse, heart rate, steps walked, sleep hours, and many other. The technology can be easily worn on body to track real-time information. Wearable technology is, primarily, an electronic items incorporated with certain kind of technology.
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