Market Overview

The Wearable Tech Industry Will Be Worth More Than $71 Billion In 5 Years

The Wearable Tech Industry Will Be Worth More Than $71 Billion In 5 Years
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The wearable technology industry is set to explode in growth over the next five years.

According to a new market research report by Scalar Market Research, the industry is expected to grow over 138 percent by 2021, making it a $71 billion market. North America and Europe are expected to be the regions likely to take the greatest market share.

Key Findings Of The Report

  • The rise of smartphone devices along with the explosion of Internet of Things (IoT) is expected to drive the wearable technology market.
  • Growing venture capital funding for emerging market players is also responsible for the rapid growth rates this industry will experience.
  • Technological advances, high acceptance level of consumers and the innovative range of available devices are also some key driving factors highlighted in the wearable technology market report.

Related Link: Apple's Nike Watch Arrives This Friday

Key Players In The Industry

  • Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL).
  • adidas AG (ADR) (OTC: ADDYY).
  • Apple Inc. (NASDAQ: AAPL).
  • Fitbit Inc (NYSE: FIT).
  • Garmin Ltd. (NASDAQ: GRMN).
  • Microsoft Corporation (NASDAQ: MSFT).
  • Nike Inc (NYSE: NKE).
  • Sony Corp (ADR) (NYSE: SNE).
  • Xiaomi, Inc.

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Latest Ratings for ADDYY

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