The global wearable technology market was valued at US $40.65 billion in 2020, and it is predicted to grow at a CAGR of 13.79 percent to US $100.41 billion by 2027. Wearable technology refers to electronic devices that can be worn as jewellery, embedded in clothing, implanted in the body, or tattooed on the skin. The gadgets are hands-free tools with common applications that are powered by microprocessors and enhanced by the capacity to send and receive data over the Internet. Wearable technology is growing in importance as a subset of the Internet of Things, with potentially life-changing implications in medical and other sectors.
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