The smartwatch market is expected to witness notable growth during the forecast period, owing to growth in demand for wireless fitness & sports devices, increase in health awareness among consumers, and emergence of a large number of players in the market. Moreover, for rise in investment in building a connected ecosystem is expected to provide lucrative opportunities for the growth of the smartwatch market during the forecast period.
WILMINGTON, Del., Nov. 30, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Smartwatch Market By Application, Operating System, and Product: Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global smartwatch market was valued at $42.7 billion in 2022 and is projected to reach $164.7 billion by 2032, registering a CAGR of 14.5% from 2023 to 2032.
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Prime Determinants of Growth
The smartwatch market analysis is expected to expand significantly during the forecast period owing to growth in demand for wireless fitness & sports devices, increase in health awareness among consumers, and emergence of many players in the market. In addition, during the forecast period, the smartwatch market is…
