Potential Opportunity worth $250 Bn Opening Up in Wearables as Wristwear Heads to ~$100 Bn Sales Revenue

With wristwear heading to ~$100 Bn sales revenue and emerging companies leaning towards Direct-to-Consumer strategies, a potential revenue opportunity worth $250 Bn is expected to be created in the wearables space.

The global wearable technology market is projected to be valued at $265 Bn by 2026, more than half of this growth is contributed by the consumer electronics segment. This growth is attributed to the demanding lifestyle in developed and developing countries as well as increasing advancements in wearable products such as smart goggles, wristbands, and smart shoes.

Adjacent markets hold a potential of over $125 Bn in wearable technology, majority of which will be contributed by wearable payment devices and wearable healthcare devices.
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