The wearable tech market remains strong and the future is bright . The latter reports that the wearable tech market generated $27 billion in revenue last year and that figure is expected to rise to $64 billion by 2024. The major segment of the wearable tech market, smartwatches, has declined since the beginning of the pandemic but will start recovering beginning next year. GlobalData predicts a 9% drop in shipments of connected timepieces this year due to the pandemic, with a concomitant 10% decline in smartwatch revenue due to the global recession caused by the worldwide spread of the virus.
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