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The global wearable product market has been valued at over $1.7 billion in 2013 and is expected to grow over $94 billion by 2024, with a promising CAGR of 39.11% from 2014 to 2024. North America has been identified as the leading region in the market; accounting for almost 46% of the net revenue generated by all the wearable products, and is expected to continue with its dominance during the forecast period as well. The APAC region is likely to grow at the highest CAGR during the same time.
The report from BIS Research covers more than 100 market players and over 200 products contributing at different levels of the value chain in the wearable product market. The report is a culmination of more than 30 interviews with key industry players and an exhaustive consultation with in-house subject matter experts. The report has been completed with a thorough understanding of the entire ecosystem, incorporating key market drivers, challenges, and opportunities for the current and forecast years. The key market trends have also been identified in the report, providing the market statistics both in terms of value and volume.