![]() ![]() ![]() However, limited battery life and security concerns restrict the adoption of wearables in the wearable technology industry. Moreover, the technological advancements in software & hardware components, and their increased adoption in fitness, healthcare, and defense supports the growth of the wearable technology market. ![]() The application for wearables is influenced by increased implementation across various verticals. Moreover, it provides real time data monitoring, operational efficiency and fitness tracking which further supports the market growth. Wearable technology market has witness increased adoption owing to factors such as ease of use, flexibility and convenience. Wearable Technology Market size in 2015 was valued at $19,633 million growing at CAGR of 16.2% to reach $57,653 million by 2022.
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